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TurboTax and the IRS saves returns for seven years and then they are gone.  Your 2017 return is likely already purged, but you can check.     You have to access your own account and/or  print it ... See more...
TurboTax and the IRS saves returns for seven years and then they are gone.  Your 2017 return is likely already purged, but you can check.     You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2024 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.        
Exceptions to the Penalty You won't have to pay the penalty or file this form if either of the following applies. • You had no tax liability for 2023, you were a U.S. citizen or resident alien for... See more...
Exceptions to the Penalty You won't have to pay the penalty or file this form if either of the following applies. • You had no tax liability for 2023, you were a U.S. citizen or resident alien for the entire year (or an estate of a domestic decedent or a domestic trust), and your 2023 tax return was (or would have been had you been required to file) for a full 12 months.   was you 2023 tax liability zero?  
Starting January 2026: if one spouse monthly Soc Sec (age 65) will be $900 and the other spouse monthly Soc Sec (age 66/10 months) will be $3900 plus this spouse will work part-time and earn $5900/mo... See more...
Starting January 2026: if one spouse monthly Soc Sec (age 65) will be $900 and the other spouse monthly Soc Sec (age 66/10 months) will be $3900 plus this spouse will work part-time and earn $5900/month. Assume couple lives in Michigan and is filing married/jointly. How should they set tax withholding to break-even/owe very little in income taxes at year end assuming this level of social security income (85% taxed right?)
Hey all,    Wanting to check with the experts about the proper way to complete the following items and get your confirmation if I'm doing this correctly. Some background: My wife and I both work an... See more...
Hey all,    Wanting to check with the experts about the proper way to complete the following items and get your confirmation if I'm doing this correctly. Some background: My wife and I both work and receive W2's. We have 2 dependents and obtain rental income monthly. We did not have enough being withheld last year and want to make sure we get to see a positive return in 2026.    Our rental income I assume would be entered in Step 4a. That step reads like you enter in the income expected over the entire year? e.g. We will earn $14k from a rental in 2025, so I enter $14k in step 4a? Even though we both entered 2c, we still owed money last year. I'm not confident the option is taking out enough money. What is the downside of submitting some extra withholding under 4c? Whatever we pay extra we would just get back next year no?
As you know, you can’t escape death and taxes. Suggestions to lower your tax burden include contributing to a retirement plan and an HSA if eligible. If you have investments harvesting losses. 
I never had to pay the tax underpayment penalty in previous years, and now all of a sudden I do even though my income is more or less consistent? And it was quite a lot. Is this something new or rece... See more...
I never had to pay the tax underpayment penalty in previous years, and now all of a sudden I do even though my income is more or less consistent? And it was quite a lot. Is this something new or recent?  What is the rule for avoiding that?  Yes, perhaps lately my interest from banks are higher as it increases every year but how am I supposed to withhold for bank CD earnings?  Do I do a backup withholding or does that look bad?  Do I just pay in advance estimated taxes to the IRS?  I am afraid if I do the latter, I will lose that money that I paid and they won't consider that in my taxes for next year. And how would I go about doing that?  Do I wait until my CD closes or do I pay the IRS as I get interest per month?
When you have 2 jobs and a side gig it is hard to determine the exact taxes to be withheld. Both your employers will assume that this is the first job. So the taxes are withheld accordingly. You shou... See more...
When you have 2 jobs and a side gig it is hard to determine the exact taxes to be withheld. Both your employers will assume that this is the first job. So the taxes are withheld accordingly. You should go to the IRS website and do the tax withholding calculator, IRS Withholding Estimator . This will tell you whether you will owe or get a refund.   Based on this you have 2 options, if you owe taxes:  1) You can make quarterly estimated tax payments. These payments are due on April 15, June 15, September 15 and Jan 15 of next year. You can make these payments online at IRS Payments . Select Direct Pay with bank account or Pay by card. With Pay by card there is an additional fee charged by the IRS.    2) You can adjust your W4. Make sure you are taking the correct filing status and not claiming too many dependent as this will reduce the amount of taxes withheld. Then on the W4, Step 4(c) you can ask for additional taxes to be withheld.  Nisha
How do I update my W4 so I don't owe taxes?
The key to avoiding this is to adjust your tax withholding throughout the year so that the amount of tax taken from your paychecks closely matches your actual tax liability. https://turbotax.intuit.c... See more...
The key to avoiding this is to adjust your tax withholding throughout the year so that the amount of tax taken from your paychecks closely matches your actual tax liability. https://turbotax.intuit.com/tax-tips/irs-tax-forms/how-to-estimate-federal-withholding/L99CO0yTK    Review Your Current W-4: Check your current W-4 form to see how much is being withheld from your paycheck. Estimate Your Tax Liability: Use an online tax calculator to estimate your tax liability for the year. This will help you determine if you need to adjust your withholding.  https://turbotax.intuit.com/tax-tools/calculators/w4/                                                                                                  https://www.irs.gov/newsroom/irs-tax-withholding-estimator-helps-taxpayers-get-their-federal-withholding-right  Adjust Your Withholding: Increase Withholding: If you owed taxes last year, you might need to increase the amount withheld from your paycheck. You can do this by filling out a new W-4 form and specifying additional withholding on line 4(c). Claim Fewer Allowances: Reduce the number of dependents you claim on your W-4. If you need more taxes withheld to avoid owing, you can choose not to claim dependents here, even if you have them. TIP: You can select Single or Married Filing Separately in Step 1 for your W4 and enter amounts in Step 4 for additional withholdings to increase your refund. Consider Additional Income: If you have other sources of income (e.g., freelance work, investments), make sure to account for these when estimating your tax liability. @LauraBond Thank you for your question!!    
We're both W2 employees, but partner has a side gig/LLC and I also have "hobby income" from Amazon Vine Wages are $90K+~$3K hobby, and $120K+~$15K from 1099, married filing joint We will have 2 dep... See more...
We're both W2 employees, but partner has a side gig/LLC and I also have "hobby income" from Amazon Vine Wages are $90K+~$3K hobby, and $120K+~$15K from 1099, married filing joint We will have 2 dependents for 2025, don't max 401k Roth contributions, but max HSA and Dependent Care Spending accounts. I think I currently claim 1 dependent (2024), husband claims 0 and we do not withhold any extra $.  Do we need to? What is the optimal way to fill out our W-4s?  
No, we answer each question individually.  Please post whatever you want to ask.
My spouse and I are recent empty Nestor’s. We need to change our W4 so we don’t pay taxes. How do we fill out our new W4?  last year we made about $170k. 
Zero withholdings---meaning no tax withheld?     When you look at your pay stubs do you see federal and state tax withheld?   What was in box 2 of your W-2?     W-4 https://turbotax.intuit.com/... See more...
Zero withholdings---meaning no tax withheld?     When you look at your pay stubs do you see federal and state tax withheld?   What was in box 2 of your W-2?     W-4 https://turbotax.intuit.com/tax-tools/calculators/w4/  https://www.irs.gov/individuals/tax-withholding-estimator https://www.irs.gov/pub/irs-pdf/fw4.pdf  
Hi, thanks for being here. To avoid owing money in the future you should adjust your withholding so that the right amount of federal and state income tax is taken from your paychecks throughout the ... See more...
Hi, thanks for being here. To avoid owing money in the future you should adjust your withholding so that the right amount of federal and state income tax is taken from your paychecks throughout the year. Here are a few ways to do that: 1- use the IRS tax withholding estimator Google "IRS withholding Estimator" 2- Update form W-4 with your employers and fill out the form with the correct information and update any extra withholding suggested by the estimator 3-Consider other income sources such as 1099s, other W2s, Investment income etc..   Please let me know if you need more information.
Yes, you can take the extra amount you want withheld, divide it among your remaining pay periods for the current year, and note that amount on Form W-4 Line 4(c). It will add to your Federal withhold... See more...
Yes, you can take the extra amount you want withheld, divide it among your remaining pay periods for the current year, and note that amount on Form W-4 Line 4(c). It will add to your Federal withholdings on your W-2.
I get a raise every year and have owed taxes every time. How do I update my W-4 after getting a raise so I don't owe taxes again this year?
My wife and I have owed between 3-6k each of the last 3 years. We both claim 0 but don’t own a home or have any other deductions minus the standard. We made around 200k this last year combined. What ... See more...
My wife and I have owed between 3-6k each of the last 3 years. We both claim 0 but don’t own a home or have any other deductions minus the standard. We made around 200k this last year combined. What can we do so we don’t continue to owe taxes each year?
For the last 3 years, I’ve been putting 0 for dependents even though I have 2 children, so the max tax is removed from my pay so I don’t owe when I file, but this past year, I owed so much taxes, and... See more...
For the last 3 years, I’ve been putting 0 for dependents even though I have 2 children, so the max tax is removed from my pay so I don’t owe when I file, but this past year, I owed so much taxes, and had to pay an underpayment penalty.  so after filing, I went back into my W-4, and changed the qualifying amount to $4000 is this the right thing to do?  Under state (CA), I put 1 for Total # of allowances.  I file married and make less than my spouse.  How should I fill out my W-4?
how did you do your federal return? if you used Turbotax you can prepare your state return by adding it. You'll have the option of mailing the state (required if you did not e-file the federal).
What's your W4 recommendation when both spouses work full time? We ended up paying in this year and I don't like it. We have 3 children but only claim one who is still a college student. What can we ... See more...
What's your W4 recommendation when both spouses work full time? We ended up paying in this year and I don't like it. We have 3 children but only claim one who is still a college student. What can we do so we do not owe taxes?