Apologies, forgot to add the questions: Is the withholding only on the bonus correct? eg do I owe NYS tax on the annual bonus amount? What do I do regarding the lack of AZ identification on my W...
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Apologies, forgot to add the questions: Is the withholding only on the bonus correct? eg do I owe NYS tax on the annual bonus amount? What do I do regarding the lack of AZ identification on my W2? Is it an issue?
No, for a couple of reasons. For one, you are not generating income so there is no income to deduct the expense from. You may be getting a credit on your electric bill, but that is a reduction in you...
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No, for a couple of reasons. For one, you are not generating income so there is no income to deduct the expense from. You may be getting a credit on your electric bill, but that is a reduction in your utility bill which is a non-deductible expense.
Also, you likely got an energy credit when you installed the solar energy equipment, and if so you can't use the same expense to generate a tax deduction, as you already used it to generate the tax credit.
I am a non-voluntary remote employee. I moved from NYS in 2023. In 2024, my company erroneously withheld NYS and NYC income tax. I had to file with a corrected W2 removing the taxes to NYS (it tooks ...
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I am a non-voluntary remote employee. I moved from NYS in 2023. In 2024, my company erroneously withheld NYS and NYC income tax. I had to file with a corrected W2 removing the taxes to NYS (it tooks months for my company to correct). I had to file extensions and when all was said and done, Arizona corrected my filing using the original W2, not the corrected. Still working on resolving this. 2024 w2 shows NYS withholding only on my annual bonus. Is this correct? How do I file? Also, my W2 indicates TOTAL STATE withholding, but State is empty until you get to the NYS income and withholding which is less then the TOTAL STATE. Additionally, The TOTAL STATE amount is the correct total of what was withheld on my paycheck stubs that include both the NYS amount and the AZ amount (Arizona withholding is explicitly stated on the stub).
Return to your state return:
Go through the state interview until you get to the Take a look at Ohio credits and taxes screen
Scroll down and under the Business and investment credits
...
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Return to your state return:
Go through the state interview until you get to the Take a look at Ohio credits and taxes screen
Scroll down and under the Business and investment credits
Select start next to Nonrefundable business credits and carryovers
In the Nonrefundable Business Credits and Carryovers, scroll down until you see the option to enter your information for the Ohio Lead Abatement Tax Credit
See the images below for your reference:
@ohioleadtax
To Whom It May Concern: I installed and registered my TurboTax 2924 on the same computer I have used in the past years. I've started to input data, but that computer is old and unreliable. I ha...
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To Whom It May Concern: I installed and registered my TurboTax 2924 on the same computer I have used in the past years. I've started to input data, but that computer is old and unreliable. I have downloaded it on my newer/improved computer, but it is asking for my License Code. Since I have registered once it won't let me register another device. Question: How can I unregister my code for the old/unreliable computer so that I may use the license code for the newer/improved computer I intend to use for 2024 Tax Reporting? Thank you, Tom
I moved from Baltimore County, MD to York County, PA on 3/17/25. My employer is in Baltimore City. When do I fill MW507 form (line 5 & 6) with my employer so that Maryland State and Maryland...
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I moved from Baltimore County, MD to York County, PA on 3/17/25. My employer is in Baltimore City. When do I fill MW507 form (line 5 & 6) with my employer so that Maryland State and Maryland local taxes aren't withheld, so I am not doubled taxed in both states?
If you know which activity generated the cash available for the distribution, enter Box 19 on the Schedule K-1 for that activity. Otherwise, split the distribution based on percentage of total income...
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If you know which activity generated the cash available for the distribution, enter Box 19 on the Schedule K-1 for that activity. Otherwise, split the distribution based on percentage of total income from each activity.
Thank you SO much for your reply! I am still confused, however, because when I go to "Other Tax Situations"- it actually says that based on my entries, I don't have a penalty for underpayment. BUT ...
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Thank you SO much for your reply! I am still confused, however, because when I go to "Other Tax Situations"- it actually says that based on my entries, I don't have a penalty for underpayment. BUT then when I am looking at my state (Michigan) return, it is showing $1679 as my underpayment of estimated tax.
Thanks for your suggestion, but I should have added more information. I was actually trying to enter an overseas shares sale for which I did not receive a 1099-B. In the end, I simply created a pap...
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Thanks for your suggestion, but I should have added more information. I was actually trying to enter an overseas shares sale for which I did not receive a 1099-B. In the end, I simply created a paper pseudo-copy of a 1099-B and then transferred the details into TT as instructed by the menu for inherited stock with no details reported to the IRS, and it worked just fine.
The reason you don't see an adjustment is because HSA contributions were not included in your income in the first place. Amount reported on your W-2, box 12, code W for Employer Contributions to a He...
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The reason you don't see an adjustment is because HSA contributions were not included in your income in the first place. Amount reported on your W-2, box 12, code W for Employer Contributions to a Health Savings Account (HSA)is removed from Wages in Boxes 1, 3, and 5.
If you still experience the issue, please call Customer Service and tell them you have a "block payment issues, possibly due to billing or an invalid license" and the agent should be able to help you...
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If you still experience the issue, please call Customer Service and tell them you have a "block payment issues, possibly due to billing or an invalid license" and the agent should be able to help you. Here is how you reach customer service: Turbo Tax Customer Service
TurboTax will prepare estimated tax vouchers for both Federal and State if you specifically request that in the program.
The California section, Estimated Taxes for Next Year under Other Forms...
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TurboTax will prepare estimated tax vouchers for both Federal and State if you specifically request that in the program.
The California section, Estimated Taxes for Next Year under Other Forms, provides entry screens with information about your Federal and California income, and an entry field for 2025 estimated income, as well as entry fields to estimate deductions and credits, including California credits such as the Renter's Credit. You should still be able to access this section after you file.
This is found when you file your return, or you can use the Topic Search below. Select Tax Tools You may have to minimize both the Federal and State options by clicking the Down Arrows on the ...
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This is found when you file your return, or you can use the Topic Search below. Select Tax Tools You may have to minimize both the Federal and State options by clicking the Down Arrows on the Sidebar. You will then clearly see Tax Tools Click the arrow to up to see additional options Once you can work on Tax Tools On the drop-down select Tools There will be 3 or 4 green boxes Select Topics Search Type Apply Apply federal refund to next year Continue through the interview.
