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April 14, 2025
8:48 PM
If you are referring to a direct debit from your account, as long as you filed your taxes or extension before the due date (April 15, 2025), and scheduled your direct debit, there's nothing to worry ...
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If you are referring to a direct debit from your account, as long as you filed your taxes or extension before the due date (April 15, 2025), and scheduled your direct debit, there's nothing to worry about. the IRS or your state may not be able to debit your payment until after the deadline, due to high e-filing volume. Also, it can take your bank another few days to post the debit to your account.
Refer to the TurboTax Help article When will my tax payment go through?
April 14, 2025
8:48 PM
Our taxes have been returned twice due to the lack of an IP PIN. Like the idea of this though wish it was a 2-minute video and educated when I bought Turbo Tax.... hint hint Intuit... Generated an PI...
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Our taxes have been returned twice due to the lack of an IP PIN. Like the idea of this though wish it was a 2-minute video and educated when I bought Turbo Tax.... hint hint Intuit... Generated an PIN via the IRS website and added it to the worst section in Turbo Tax. Seriously, move it to the profile page with explanation. Resubmitted, rejected again. Requested wife to do the same in the morning. Open question, do our dependence need them as well? If so, mailing sounds easier.
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April 14, 2025
8:48 PM
No. Retirement money coming from VA is not "making money" in VA. Working in VA would be making money in VA. You do not have to file a VA tax return if you did not live in VA in 2024. You enter ...
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No. Retirement money coming from VA is not "making money" in VA. Working in VA would be making money in VA. You do not have to file a VA tax return if you did not live in VA in 2024. You enter the 1099R into the federal return and the information will flow to the SC return and be taxed (or not taxed) according to SC tax laws.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
April 14, 2025
8:48 PM
Thanks. With the benefit of the worksheet, I was able to figure this out. Form 1116 Instructions say that you have to adjust foreign qualified dividends by a specific fraction unless you meet criteri...
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Thanks. With the benefit of the worksheet, I was able to figure this out. Form 1116 Instructions say that you have to adjust foreign qualified dividends by a specific fraction unless you meet criteria to not adjust or meet adjustment exception. And I guess I didn't meet that criteria. "How to make adjustments. To adjust your foreign source qualified dividends, multiply your foreign source qualified dividends in each separate category by 0.4054 if the foreign source qualified dividends are taxed at a rate of 15%, and by 0.5405 if they are taxed at a 20% rate. Include the results on line 1a."
April 14, 2025
8:47 PM
You need your 2023 AGI to efile 2024. The AGI is on 2023 1040 or 1040SR line 11. If you filed a Joint return you use the same AGI for each spouse. How to find the AGI. https://ttlc.intuit.com/com...
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You need your 2023 AGI to efile 2024. The AGI is on 2023 1040 or 1040SR line 11. If you filed a Joint return you use the same AGI for each spouse. How to find the AGI. https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947 If you didn't file 2023 or filed it later in the year or mailed it, then try entering 0 for the AGI. If that doesn't work you will have to print and mail your return. Or request a transcript from the IRS https://www.irs.gov/individuals/get-transcript
April 14, 2025
8:46 PM
Where can I find my 1095-A on my income tax
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April 14, 2025
8:45 PM
@MaryK4 I have a similar question. I am a California resident, but have K-1s from properties in Oregon, Montana, and Missouri. How does it work in these states? And how do we keep track of passiv...
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@MaryK4 I have a similar question. I am a California resident, but have K-1s from properties in Oregon, Montana, and Missouri. How does it work in these states? And how do we keep track of passive losses from previous years for non-resident states? Also, should I be messing with the "Passive Activity Loss Summary" at all?
April 14, 2025
8:45 PM
Try closing TurboTax, clearing your cache and deleting your cookies. Review the TurboTax Help article How to clear your cache and How do I delete cookies? for specific instructions for your browser. ...
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Try closing TurboTax, clearing your cache and deleting your cookies. Review the TurboTax Help article How to clear your cache and How do I delete cookies? for specific instructions for your browser. Also, reboot your computer.
If you still need assistance, reply back to us.
April 14, 2025
8:45 PM
The money you paid to the IRS for a previous year’s federal tax return is not deductible, so you do not enter it anywhere on your 2024 federal return. If you paid taxes due in 2024 to your state or ...
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The money you paid to the IRS for a previous year’s federal tax return is not deductible, so you do not enter it anywhere on your 2024 federal return. If you paid taxes due in 2024 to your state or local government, you can enter that by going to Federal> Deductions and Credits> Estimates and Other Taxes Paid> Other Income Taxes. You can enter the taxes you paid, but do not include any penalties or interest.
There are several states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Missouri, Montana, and Oregon. If you are filing in one of these states watch for the deduction when you prepare your state return.
April 14, 2025
8:45 PM
You can manually enter Contracts and Straddle information in the Investment Income section of TurboTax. Search for contracts and use the Jump to link. Or you can find it in the Income List also. ...
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You can manually enter Contracts and Straddle information in the Investment Income section of TurboTax. Search for contracts and use the Jump to link. Or you can find it in the Income List also.
April 14, 2025
8:45 PM
After doing some additional research I think understand better. The statement on Healthcare.gov seems to relate to the ARP Act of 2021 and the subsequent extension by the Inflation Reduction Act. It ...
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After doing some additional research I think understand better. The statement on Healthcare.gov seems to relate to the ARP Act of 2021 and the subsequent extension by the Inflation Reduction Act. It seems as though the maximum premiums are capped at 8.5% of a family's income meaning families receiving higher PTC amounts may still qualify. Based on the PTC we received when compared against our income, this 8.5% cap still puts us over the threshold for the credit and will need to repay.
April 14, 2025
8:44 PM
Does retirement money from VA equal the same as I made money in VA on questions asked?
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April 14, 2025
8:43 PM
How do I enter travel expenses/legal fees incurred choosing and buying my Franchise that I incurred in 2024 but is not open/in business but will be in 2025. (Using personal Turbo Tax Deluxe?) Also...
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How do I enter travel expenses/legal fees incurred choosing and buying my Franchise that I incurred in 2024 but is not open/in business but will be in 2025. (Using personal Turbo Tax Deluxe?) Also can I deduct any of the Franchise fee that I paid in 2024 or must I amoritize it all in 2025? I have found multiple questions about this on the site but am still confused how to enter this on our personal taxes. Thank you
April 14, 2025
8:43 PM
No one can call you. You need your 2023 AGI to e-file 2024.
Where do I find my AGI?
https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947
Your 2023 tax ...
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No one can call you. You need your 2023 AGI to e-file 2024.
Where do I find my AGI?
https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947
Your 2023 tax return shows your 2022 Adjusted Gross Income (AGI) If you filed a joint return then the AGI is the same for each of you.
Form 1040 line 11
If entering the amount from your 2023 tax return does not work, then try entering “0” instead. If that does not work and you still cannot e-file, then print, sign, and mail your tax return.
You can get a free transcript of your past return from the IRS:
https://www.irs.gov/individuals/get-transcript
Note: If you filed late or amended your return, your correct 2023 AGI may not be in the system.
April 14, 2025
8:43 PM
You will have to go back to the "About me" section of the program and go through the interview again. You will need to answer the questions in a way that indicate you are eligible for head of househ...
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You will have to go back to the "About me" section of the program and go through the interview again. You will need to answer the questions in a way that indicate you are eligible for head of household filing status.
April 14, 2025
8:43 PM
I need my annual gross income from 2023
April 14, 2025
8:41 PM
Did you claim a qualified dependent? (A GF or BF cannot be a qualified dependent for HOH filing status).
Am I Head of Household?
https://ttlc.intuit.com/turbotax-support/en-us/help-arti...
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Did you claim a qualified dependent? (A GF or BF cannot be a qualified dependent for HOH filing status).
Am I Head of Household?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-filing-status/qualify-head-household-2021/L0NxUtVc2_US_en_US?uid=m5x19jkx
What is a "qualifying person" for Head of Household?
If you qualify as Head of Household, when you enter your marital status (single or married filing separately) into MyInfo, and then enter your qualifying dependent, TurboTax will offer HOH as your filing status.
April 14, 2025
8:41 PM
The federal tax system is a pay as you go system. As you make money, you have to pay taxes on that money. You may have an underpayment penalty if you didn't have enough taxes withheld from your inco...
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The federal tax system is a pay as you go system. As you make money, you have to pay taxes on that money. You may have an underpayment penalty if you didn't have enough taxes withheld from your income throughout the year on your W-2 or if you're self-employed and you didn't pay enough estimated taxes.
To try to reduce or eliminate it, review the TurboTax article Why am I getting an underpayment penalty?
For more information, refer to the TurboTax help article Guide to IRS Tax Penalties: How to Avoid or Reduce Them for tips to use in the future.
You can contact the IRS to request a one-time abatement of your underpayment penalty. For individual tax returns, call 1-800-829-1040, 7 AM - 7 PM Monday through Friday local time.
April 14, 2025
8:41 PM
When I looked for contributions, now it says they're part of the standard deduction. They weren't in previous years.