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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 ag... See more...
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.
Really? I had to verify today but my return was accepted on the 26th of January.  I also paid to get my return 5 days early.  So you think i won't have to wait 9 weeks?
I too am having issues pulling from Fidelity.  I have used TurboTax for years and also Fidelity for years and have never had any issues.     It takes me to a browser and I enter my Fidelity credentia... See more...
I too am having issues pulling from Fidelity.  I have used TurboTax for years and also Fidelity for years and have never had any issues.     It takes me to a browser and I enter my Fidelity credentials, then it says it has imported them and that I can go back to Turbotax. But when I go back into Turbotax, they are not there.   I have hundreds of transactions for each 1099 and entering manually is not an option.
No, you can't do that. You have to report the bonus as income on your 2025 tax return and pay the tax on it. If you repay it in 2026, and the amount you repay is more than $3,000, you will be able to... See more...
No, you can't do that. You have to report the bonus as income on your 2025 tax return and pay the tax on it. If you repay it in 2026, and the amount you repay is more than $3,000, you will be able to claim a deduction or credit for the repayment on your 2026 tax return.  
@Kidneybeans wrote: ...I chose ENTER OTHER WAY and uploaded the PDF file... You did what? First of all, I don't believe TurboTax desktop supports uploading PDFs such as 1099s in that format a... See more...
@Kidneybeans wrote: ...I chose ENTER OTHER WAY and uploaded the PDF file... You did what? First of all, I don't believe TurboTax desktop supports uploading PDFs such as 1099s in that format and also I don't quite understand how the information on the 1099 gets directed into the proper places on a return.
No. According to the IRS Instructions to Form 1041:  In general, a grantor trust is ignored for income tax purposes and all of the income, deductions, etc., are treated as belonging directly to the... See more...
No. According to the IRS Instructions to Form 1041:  In general, a grantor trust is ignored for income tax purposes and all of the income, deductions, etc., are treated as belonging directly to the grantor.   You can access any necessary forms from the IRS website and complete them manually.   See these instructions for PA-41: How should a grantor trust file in PA for tax years beginning January 1, 2025, and after? 
I want to check to see if I clamed the senior deduction
@babashmr wrote: With my desk top software, I don't see how the name would be added to the drop down list after I have installed the software. In an update.
The software gives me an error saying cannot upload 1098-t because household too large. Can Intuit fix this glitch. I can't believe I can't finish my taxes because of this. Also, why is number of dep... See more...
The software gives me an error saying cannot upload 1098-t because household too large. Can Intuit fix this glitch. I can't believe I can't finish my taxes because of this. Also, why is number of dependents, connected to entering a child's 1098-t from college?
@baldietax wrote: they didn't mention H&R Block.... Yeah, I figured as much; kind of tough to lay the blame on TWO different software companies. 😉
Yes, that is correct the "no tax on overtime" provision in the One Big Beautiful Bill is retroactive to January 01, 2025.  Eligible employees can deduct qualified overtime from their federal taxable ... See more...
Yes, that is correct the "no tax on overtime" provision in the One Big Beautiful Bill is retroactive to January 01, 2025.  Eligible employees can deduct qualified overtime from their federal taxable income  for hours worked after that date.   Under this new provision, eligible workers can deduct up to $12,500 of overtime pay earned during the year (up to $25,000 for married couples filing a joint return). But if your income is more than a certain amount, the deduction is gradually phased out.   Click here for I Worked Overtime Every Week. Here’s What It Did to My Tax Bill.   Click here for No Tax on Overtime Explained: Qualified Overtime Deduction Rules for 2025.   Click here for Taxes 2025-2026: One Big Beautiful Bill Act Tax Law Changes and How That Impacts You.   If you have additional information or questions regarding this, please return to Community and we would be glad to help.
You are correct. Your employer is wrong. The law (IRC §225) says the deduction is for "the qualified overtime compensation received during the taxable year."  
See this TurboTax support FAQ for how to file when your spouse is a nonresident alien - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/file-taxes-spouse-nonresiden... See more...
See this TurboTax support FAQ for how to file when your spouse is a nonresident alien - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/file-taxes-spouse-nonresident-alien/L4AuRKrMd_US_en_US
I have received at least 5 different answers from your staff, and I never know which is right.  Here is where I think the issues lies and what creates confusion:   Taxpayer A who itemizes taxes pla... See more...
I have received at least 5 different answers from your staff, and I never know which is right.  Here is where I think the issues lies and what creates confusion:   Taxpayer A who itemizes taxes plays at a social casino; although he has total redemptions of $20,000, he spent $24,000 to purchase the currency needed to gamble online.  The social casino sends a 1099 MISC (which is diabolical to begin with - if you had to spend cash to get cash equivalent credits to play with, it's gambling, not "prizes") for the amount of $20,000 - this doesn't account for net earnings, just gross winnings.   Taxpayer A files this amount as part of their taxes using the "amount not received on a W2G" method.  Subsequently, TurboTax adds this amount to Form 1040, Schedule 1, Line 8b.  When Taxpayer A adds their losses to their total gambling losses within TurboTax, TurboTax adds this amount to their itemized deduction on Form 1040, Schedule A, Line 16.  All is well, right?  That is not clear.     If Taxpayer A enters this same 1099 MISC onto the 1099 entry page within TurboTax, there is no option to deduct these losses.  TurboTax adds this income to Form 1040, Schedule 1, Line 8i "Prizes and Awards", even though this amount is neither prizes or awards.  If you scan through TurboTax replies on these forums and others, or if you chat with TurboTax, about 70% of people will tell you that this would not be the proper way to do it.     Taxpayer A determines that the first option is fundamentally right, they have documentation to justify that money was risked and required to play on the social casino (i.e. gambling), they were net losers which enables the ability to deduct the full amount of losses (up to a maximum amount of their wins) if they itemize taxes, and file their taxes through TurboTax.     Now comes the ultimate twist - Taxpayer A is fearful that filing with the first option poses a risk - they have accounted for the income on the 1099 MISC, but because they entered it as gambling, will the IRS know that part of the gambling total links directly to this 1099 - they didn't enter the Tax ID number from 1099 MISC because they entered the amount as "gambling winnings not on a w2g".  But wait, does TurboTax even report the tax ID numbers when they electronically file your taxes?  If Taxpayer A was filing by paper, they would NOT be required to provide a copy of a 1099 MISC, right?!  How would the IRS even know the tax ID numbers to correlate the numbers in that case?  Does the IRS correlate just the total amounts reported on all W2s, W2Gs, and 1099s to make sure you've reported everything?  If so, then Taxpayer A met that burden by reporting the income as gambling winnings, right??!