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Why do I have a penalty when I have already paid more in taxes than were due for entire previous year?
Sorry no one can call you.  Do you have any specific questions?   What version did you use?  If you used a paid version you can call  support.   How to contact Turbo Tax https://ttlc.intuit.com/co... See more...
Sorry no one can call you.  Do you have any specific questions?   What version did you use?  If you used a paid version you can call  support.   How to contact Turbo Tax https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-contact-turbotax/00/26991   If you efiled was it Accepted? When you efile you get back 2 emails. The first email only confirms the transmission. The second email says if the IRS (or state) Accepted or Rejected your efile. Check back though your emails and spam/junk folder. When you log into your account you should also see the status and if it was Accepted or Rejected, Started, Printed, Ready to Mail, etc. What does it say?  
Please see this TurboTax Help Article: How do I remove Pay With My Refund fees and change my payment method?
Filed my return and I owe tomorrow is when my acct will be debited the amount owed but I don't have enough in my acct . Can I get a 10 grace period in order to pay without prnalty
Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference m... See more...
Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference may need to be reported as taxable income. My question is about how to handle this in TurboTax. It asks me two things: “This is not what (me) paid to this school.” I’m not sure whether I should check this box, since I didn’t pay out of pocket—everything is managed by the university, and I only receive a payslip. When I check that box, it then asks me to “Enter the full amount of tuition paid to Georgetown University. Include all amounts paid by me, someone else, scholarships, fellowships, and student loans.” I’m not sure if this is the right step or what amount I should enter there. I’d really appreciate your help in clarifying this! Thank you. 
I've paid myself modestly this year but was working fulltime. I paid a nanny and want to benefit from the child care credit but TurboTax is saying I do not have earned income.
Here are the steps in TurboTax Online:   Navigate to Federal > Wages & Income > Self-employment income and expenses Edit your business  Choose the pencil to edit Vehicle category, then c... See more...
Here are the steps in TurboTax Online:   Navigate to Federal > Wages & Income > Self-employment income and expenses Edit your business  Choose the pencil to edit Vehicle category, then choose to edit the vehicle in the Vehicle Summary  Continue through the interview until you are asked about mileage, and edit the answers you want to change.
My issue is that the software is showing the Gross Income limit as a negative number???   I saw other posts that said the software was using the wrong data source and a patch was pending.  I ho... See more...
My issue is that the software is showing the Gross Income limit as a negative number???   I saw other posts that said the software was using the wrong data source and a patch was pending.  I hope it gets fixed soon.
The tax payments worksheet can be done anytime, and updated quarterly as your income changes (grows!!).  Can also go to NY State's website and set up your Estimated payments for 4/15, 6/15, 9/15 (and... See more...
The tax payments worksheet can be done anytime, and updated quarterly as your income changes (grows!!).  Can also go to NY State's website and set up your Estimated payments for 4/15, 6/15, 9/15 (and before any weekends) and hopefully have your 2025 taxes paid off by then September so you avoid late fees and have money left for the Holidays.  The Jan 15th one should just a review and minor adjustment.      Overpaying and rolling it over to the next year is also how one avoids stress and late payment fees. 
According to y our example  you would have 10,000 loss carry over to year 2.   13,000-3,000=10,000 not 7,000.   You get to first offset the loss against any gains you have each year so that can use... See more...
According to y our example  you would have 10,000 loss carry over to year 2.   13,000-3,000=10,000 not 7,000.   You get to first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year.   So  you can use up all the 10,000 Carryover Loss  to the 18,000 gain and only have  8,000 taxable gain on your tax return.   
Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference m... See more...
Hi, I am filling my taxes. If I do need to report the 1098-T, I’m a bit confused about Box 1 and Box 5. I’m filing my taxes through TurboTax, and I read that if Box 5 exceeds Box 1, the difference may need to be reported as taxable income. My question is about how to handle this in TurboTax. It asks me two things: “This is not what (me) paid to this school.” I’m not sure whether I should check this box, since I didn’t pay out of pocket—everything is managed by the university, and I only receive a payslip. When I check that box, it then asks me to “Enter the full amount of tuition paid to Georgetown University. Include all amounts paid by me, someone else, scholarships, fellowships, and student loans.” I’m not sure if this is the right step or what amount I should enter there. I’d really appreciate your help in clarifying this! Thank you. 
Call me to check if i filed my taxes correctly for my first time.
I built the original 2024 TurboTax return as Married Filing Jointly.  However, the What-If worksheet split most of the values in half, and the results were more favorable as Married Filing Separately... See more...
I built the original 2024 TurboTax return as Married Filing Jointly.  However, the What-If worksheet split most of the values in half, and the results were more favorable as Married Filing Separately.     Is there a way to automatically create the two MFS returns without having to manually enter the differing data across all the impacted sections?   Thanks in advance!
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North Carolina 
If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted... See more...
If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.       TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible. Examples of situations included in a simple Form 1040 return (assuming no added tax complexity): W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions   Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules  1095A for marketplace health insurance     How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/   Or—if you live in certain states you may be eligible to use the new IRS Direct File     In Filing Season 2025, Direct File will be available in Alaska, Arizona, California, Connecticut, Florida, Idaho, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Washington, Wisconsin, and Wyoming.    https://directfile.irs.gov/   https://home.treasury.gov/news/press-releases/jy2629