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April 14, 2025
7:05 PM
California -- my Federal has 30,000 in taxable on 1099-r but on the 1099-r there is zerofpr state so does it get entered there as a subtraction??
April 14, 2025
7:05 PM
I found my answer. And here I am explaining with examples for others like me who DO NOT understand the technical lingo used by tax professionals. There are two things: 1. Child Tax Credit = Th...
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I found my answer. And here I am explaining with examples for others like me who DO NOT understand the technical lingo used by tax professionals. There are two things: 1. Child Tax Credit = This is the minimum of two numbers $2000 and "The federal taxes you owe" 2. Additional Tax Credit = The minimum of two numbers $1700 and ($2000 minus the Child tax credit you receive) Example A: If my federal tax = $2500. And I have one dependent child who meets the criteria, 1. Child tax credit that I receive = $2000 2. Additional Child Tax Credit = 0 Example B: If my federal tax = $100. And I have one dependent child who meets the criteria, 1. Child tax credit = $100 2. Additional Child Tax credit = 1700 Hope this helps.
April 14, 2025
7:04 PM
Hi dmertz, I was finally able to get to the form and it looks like TT put in adjustment to net earnings of the same amount as my 1099 which doubled my basis for the calculation - this was in Part II...
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Hi dmertz, I was finally able to get to the form and it looks like TT put in adjustment to net earnings of the same amount as my 1099 which doubled my basis for the calculation - this was in Part II Q 1b - Enter any non-farm adjustment to non-farm net earnings for use in the calculation of maximum deductible contribution. Do you know why this would be? And should I just remove that amount?
April 14, 2025
7:04 PM
Print Center online isn't any help if you have been using the Desktop version. I also want that nice summary cover page, please!
April 14, 2025
7:04 PM
Self-employment can qualify for the childcare credit if she shows a profit. If she shows a loss, that is why you are not getting the credit.
April 14, 2025
7:03 PM
Topics:
April 14, 2025
7:03 PM
I owed a small amount this year, and it shows that my balance due is $0 with a status of "pending". When I click to view efile details, the filing status is also "pending."
April 14, 2025
7:03 PM
Topics:
April 14, 2025
7:03 PM
I have uninstalled Turbotax and reinstalled already, same result.
I have completed the Federal return, printed and complete.
If there was a way to proceed to the State return without updating I could ...
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I have uninstalled Turbotax and reinstalled already, same result.
I have completed the Federal return, printed and complete.
If there was a way to proceed to the State return without updating I could proceed.
Topics:
April 14, 2025
7:03 PM
Yes, with an online account you can only do one return per account. Any further ones would need to create their own account. However if it's for your kids they probably would qualify for a free acco...
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Yes, with an online account you can only do one return per account. Any further ones would need to create their own account. However if it's for your kids they probably would qualify for a free account, but be careful about that because it could be tricky qualifying. However if you have the desktop/download version you can do an unlimited number of returns but can only e-file 5 returns.
April 14, 2025
7:02 PM
April 14, 2025
7:02 PM
If you are self-employed, yes. If you are a W-2 employee, no.
April 14, 2025
7:02 PM
Sorry to hear that. How is that related to a question for this user forum where we answer questions about filing tax returns?
April 14, 2025
7:01 PM
Yes. Self-employment qualifies.
April 14, 2025
7:01 PM
i already entered income for both me and my wife, but still same, only have three option 1)was a full-time student 2) was disabled 3) none of the above
April 14, 2025
7:01 PM
This happened to us last year. I ended up printing out the returns and filing by mail.
April 14, 2025
7:01 PM
It depends. Are your parents claiming you or are you claiming yourself?
Parents claiming - determine how much tuition they are using and what you need to claim.
Parents not claiming -
If y...
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It depends. Are your parents claiming you or are you claiming yourself?
Parents claiming - determine how much tuition they are using and what you need to claim.
Parents not claiming -
If your box 5/ stipends equals or less than box 1. No need to report unless you are filing for the education credit.
If box 5/ stipends greater than box 1, you have income that needs to be accounted for or taxed. You may have to add your stipend to box 5 to account for it.
See What You Need to Know about AOTC and LLC to determine if you qualify for an education credit. Next, check to see if your stipend is restricted to tuition or can be used for room and board. If it can, you can move numbers around to get the Lifetime Learning Credit. For example:
Box 1 $25k and box 5 is $40k.
You need $10k for tuition, this leaves $15k available to be covered by scholarships.
$40k scholarships used $15k for tuition, then remainder, $25k went to room and board.
Check form 8863 for education credits. Adjust numbers for room and board to maximize your refund. This is allowed. The IRS has a great brochure that explains how scholarships and tax credits interact.
April 14, 2025
7:01 PM
I have the mailing address, and I know I don't need a cover letter. Also, I see the deadline was February 28. Will I get a penalty?
April 14, 2025
7:01 PM
You could try logging out of the program, and clearing your cache and cookies. Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cook...
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You could try logging out of the program, and clearing your cache and cookies. Please click here for instructions on how to clear your cache. Please click here for instructions on clearing your cookies. You may also try using another browser. If you need to get back to the TurboTax screens where you add your Form W-2 you can do the following: If you are using TurboTax Online you can: Sign into your return Click on" Pick up where you left off" Click "Search" at the top right of your screen In the search box, type "W-2" Click on "Jump to W-2" Click on "Add a W-2" Select "Type it in Myself" Follow the TurboTax screens and answer all follow-up questions If you are using TurboTax Desktop, you can: Open or continue your return Click "Search" at the top right of your screen In the search box, type "W-2" Click on "Jump to W-2" Your screen will say "We'll start with your W-2", click the box "Work on my W-2" want to file Your screen will say "Let's Start With a Bit of Info From Your W-2" , enter your Employer ID from Box b of your W-2" Click on "Continue" Select to type in your Form W-2. Follow the TurboTax screens and answer all follow-up questions. Click here for additional information regarding editing your Form W-2. Click here for additional information on importing your W-2. Click here for additional information on manually entering your W-2.