All Posts

I paid estimated taxes to NY State on two occasions in 2024. - First on 08/05/2024 : New York State ($): 600.00 City of New York ($): 416.00 City of Yonkers ($): 0.00 MCTMT ($): 200.00. - Second on 09/12/2024 : New York State ($): 667.00 City of New York ($): 15.00 City of Yonkers ($): 0.00 MCTMT ($): 80.00. I found where to enter State Estimated and Local Estimated taxes within the "Deductions and Credits > Estimated Tax Payments" section of the Federal Return. Where can I enter my paid Estimated MCTMT taxes? When I go to "Fix Issues/Review" my state taxes it shows the form "Metropolitan Commuter Transportation Mobility Tax Worksheet" and it shows the amount of $94 four times on lines A, B, C, and D. Where did Turbo Tax get these numbers? It is asking me to put the ES payment date for each of these, but this is not the amounts I paid. How/where can I edit the MCTMT Worksheet on TurboTax to show the actual amounts and dates paid? Nothing comes up when I search "MCTMT" in the search bar. As an aside - I believe that I have overpaid the MCTMT tax and do not owe it because my income is not high enough. According to tax.ny.gov "In order to be subject to the MCTMT for the quarter, the employer must have payroll expense in the entire MCTD (both Zone 1 and Zone 2) greater than $312,500." My annual income was below that. Thank you! 

I can't get my state return to open.  It keeps asking me to save my federal return before continuing.  I save, download the state return I want, and then it says my software is up to date - state is downloaded.  I click on Start State Now and the whole thing starts over again.  And again, and again, and again.  Help!

We've contributed to Roth IRAs for a long time, but this year TT is telling me I've made excess contributions because we didn't have enough Earned Income. I am retired, have a pension, but didn't do any freelance work in past year, so the only W2- or 1099NEC-reported income (Earned Income, I suppose) is her part-time employment. That was less than $16K for the year. Is that the crux of this? And, if so, should I just pay the IRS penalty or pull the "excess" back out of my IRA?   I know I should've run into this three months ago so I'd have plenty of time to rectify, but I have very little confidence that Victory Cap. isn't going to screw this up if/when I do call them to fix/reverse the excess contributions to my IRA.

I do seasonal work in Wyoming and have an address there. My tax returns continue to go to my parents' address.  Receiving mail in Wyoming is difficult so I prefer not to change my address. I do not drive in Wyoming so do not need my license.