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A new, temporary additional deduction of $6,000 for those aged 65 and older (or $12,000 for a married couple if both qualify) is available for tax years 2025 through 2028. The deduction begins to phase out at income greater than $75,000 and $150,000 if you’re married filing jointly. This is in addition to the standard deduction or itemized deductions.    The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   The senior additional deduction appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.   In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.   But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.   to preview your form 1040 in TurboTax Online, follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center page, click on View Tax Summary In the left-hand column, click on Preview my 1040 Your form 1040 will display. Scroll down to line 13b   and you should see the amount of this deduction included in this line.

If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

You'll have to amend the 2024 return. You can't add a 2024 1099-MISC to a 2025 tax return.     Here are the instructions to amend your 2024 tax return:   From the Tax Home screen, locate and select the desired tax year under the Your tax returns & documents section. Choose the "Amend (change) return" dropdown, and then select "Amend using TurboTax Online." Note: If you are instructed to use TurboTax Desktop, please follow the steps for the desktop version instead. Proceed through the following screens, apply your necessary changes, and accurately answer all subsequent questions to complete the amendment process. @mldavis496     

I am using TurboTax deluxe on a Windows PC (desktop version).   I need to enter something for line 16, "Retirement income subtraction" and there is no place for that after you click on the "edit button to the right of "Retirement Benefits Adjustment" under "Here's the income that Wisconsin handles differently"!  There is no place indicated to enter that!!  There are only four different options that come up, and none applies!  I have sent a separate post about this, but did not get a useful response yet!

If you are still having an issue editing the state tax worksheet, try deleting the state and starting over. It shouldn't take long to get all the information back for the state because most of the data feeds from the federal screen.  Troubleshooting State Issues  How to delete state tax return If this doesn't resolve the issue, let us know.

@PatriciaV the forms tool is useless for this topic as it has indicated throughout this topic the past week or so that this form is available.   @PatriciaV @DianeW777 can Intuit staff confer and come up with a consistent update on this question - we're seeing "after 2/11", "after 2/13", "by 2/13"... someone at Intuit knows more accurately at this point?   @jyeh74 the latest estimate being provided in other threads is 2/13 not 2/11.  they also say "after".  we've also seen with other forms updates this season that the s/w update could actually come the morning after date given.   https://ttlc.intuit.com/community/taxes/discussion/depreciation-and-amortization-not-available-in-my-turbotax-home-and-business-2025-but-the-irs-form/00/3735267

Thanks - closing and reopening did not clear them. Nor did the latest update to the program. Walking through EVERY SINGLE step does appear to have cleared those flags for now. I still don't understand why this changed after an update last week...

Having exactly the same problem.  Used TurboTax for decades; until this year import worked flawlessly.  Now all I get is an endless loop between the location of last year's file, and the invitation to show TurboTax where the file is.  The program isn't even smart enough to find any previous TurboTax file at all.  (NOT ready for Prime Time)  This is a deal-breaker for me.  There are other tax preparation programs out there.  The Intuit WebSite lists (800) 446-8848 as a number to call.  I'm not optimistic about getting an actual human on the line.  I'm even less optimistic about the person offering a workaround.

I figured it out and your answer was incorrect. The numbers are reported as 1099-B. the original purchase price is listed in the Treasury 1099 as well as redemption value. Both are reported to the IRS and the difference is included as income for the year. Example: I bought a $10000 note in 2023 for $9985 (made up numbers). It was redeemed in 2025. The $15 is income in 2025. Both numbers must be reported in the TurboTax section on 1099-B

Has the tax return been accepted by the IRS, or has it been rejected due to the missing 1095A?   Assuming it has been accepted, and you need to amend the tax return, here are the steps you would take.    You must first wait until the initial return is completely processed. This means that you have received your refund (if one was due), or your payment has been completed (if you owed a balance). You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start new at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment    Select your product below and follow the instructions.    Amend TurboTax Online  Amend TurboTax CD/Download 

  Your new home would be the primary home and your old home is a secondary home. Here is how you will enter in TurboTax.    For the old home   You should enter your Old Home (the one on the market) first. This creates a logical timeline for the software to follow. Enter the full interest and the January 1 balance. When asked "Is this your main home?", select Yes (because it was for part of the year). When asked if the loan was paid off or sold, select No (since it hasn't sold yet). When asked "Is this the most recent 1098?", select No.   New Home (1098 #2):   Enter the interest paid since you moved in. When asked "Is this your main home?", select Yes (because it is now). For the Outstanding Principal (Box 2), enter the starting balance of the new loan. When asked "Is this the most recent 1098?", select Yes TurboTax often combines the Box 2 principal amounts from both forms. So if House A and House B each have a $500k balance, TurboTax could think you owe $1M and limit your interest—even if you only owned both for a month.   The "Workaround" for the principal balance:   If the software tries to limit your interest incorrectly, consider entering a manual "Average Balance" entry. For the Old Home, take the Box 2 amount and multiply it by the fraction of the year you lived there (e.g., if you moved July 1, use $50\%$ of the balance). For the New Home, do the same for the months you've lived there. This forces the software to see your true average debt for the year, rather than a single total that wik    

Yesterday, the list did not show Merrill, even after updating. This morning I again updated TT, and Merrill now appears as an option. Yeah! However, I went through the steps in TT of connecting with and signing into Merrill and a message appeared indicating that the data had been successfully uploaded to Turbo Tax, but when I clicked on Continue in TT, it brought me back to the beginning of the uploading step! I went back to check whether the upload had taken place, but there were no new entries in TT. I tried again, only to have the same thing happen. There's no way to proceed with the uploaded data.    I used TT last year with Merrill, and it worked fine. I'm surprised that there are so many bugs this year. I'm also surprised that it works for some people and not for others - maybe it has to do with the product. I'm using Home & Business. I hope TT monitors these posts. Is there another way, I wonder, to quickly report software issues without having to call them?

You should review what is posted to the child in the My Info interview. Log into TurboTax On the center menu choose Personal Info [Continue] On the left sidebar choose My Info. A list of the members of your household will come up. Scroll to the child in question Press the arrow to the right and [Revisit] Select the box for My Child [Continue] Confirm all the data posted in the Interview. The IRS General Rules for dependents These rules generally apply to all dependents: A dependent must be a U.S. citizen, resident alien or national or a resident of Canada or Mexico A person can't be claimed as a dependent on more than one tax return, with rare exceptions A dependent can't claim a dependent on their own tax return You can't claim your spouse as a dependent if you file jointly A dependent must be a qualifying child or qualifying relative Qualifying child To qualify as a dependent, a child must also pass these tests: Relationship: Be your son, daughter, stepchild, eligible foster child, brother, sister, half-sister or -brother, stepbrother, stepsister, adopted child or the child of one of these Age: Be under age 19 or under 24 if a full-time student, or any age if permanently and totally disabled Residency: Live with you for more than half the year, with some exceptions Support: Get more than half their financial support from you Joint return: Not file as married filing jointly unless only to claim a refund of taxes paid or withheld See the full rules for a qualifying child