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Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.  The deductions you enter do not necessarily count “dollar for dolla... See more...
Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.  The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting  tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach. (Only the amount that is MORE than 7.5% of your AGI counts)   The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.  Under the tax laws that have been in effect since 2018, some deductions have been capped—there is a $10,000 limit to the itemized deductions for state, local, property and sales taxes.   The standard deduction makes some of your income “tax free.”  It is not a refund.  You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.     2024 STANDARD DEDUCTION AMOUNTS SINGLE $14,600    (65 or older/legally blind + $1950) MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550) MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550) HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)  
No one can see your screen or your tax return so we cannot find your mistakes for you.   But if you are getting a "million dollar refund" you must have some misplaced decimals or extra zeros.   You w... See more...
No one can see your screen or your tax return so we cannot find your mistakes for you.   But if you are getting a "million dollar refund" you must have some misplaced decimals or extra zeros.   You will have to check the amounts of income you entered and check the amounts you entered from boxes 2 and 17 of your W-2's.  As for a college student and the child tax credit---you lose the child tax credit when the child turns 17.   After they are older than 16, you can get the non-refundable $500 credit for other dependents.   If your daughter lived away at school --that is called a "temporary absence" from home and you can still say she lived with you the whole year.   Do not e-file the return until you have found your mistakes and corrected them.
How did you pay it?  Your only proof of payment is your bank or credit card statement showing it coming out.  Turbo Tax does not pay it.  They only send your bank info to the IRS or state for them to... See more...
How did you pay it?  Your only proof of payment is your bank or credit card statement showing it coming out.  Turbo Tax does not pay it.  They only send your bank info to the IRS or state for them to pull it out of your account.  Turbo Tax won’t know if or when you paid it.  If you got charged what is the description on it?  It may have only been for the Turbo Tax fees.   You would have to log into your IRS account to see if they got your payment.  Log into or sign up for an IRS account Your account | Internal Revenue Service
I entered my service code for a discount. Screen shows it worked. Yet the pricing remains the same. !! Nobody at TurboTax now. Can I get this service code redeemed later on? --Anthony K [phone number... See more...
I entered my service code for a discount. Screen shows it worked. Yet the pricing remains the same. !! Nobody at TurboTax now. Can I get this service code redeemed later on? --Anthony K [phone number removed]
To enter a nonbusiness bad debt in TurboTax Premium Online go to Personal > Deductions & Credits > Other Deductions and Credits > Nonbusiness Bad Debt.  
@azhottie11    You said "I have a Tax Preparer so I’m assuming they automatically filed the Form 8332." The tax preparer cannot file the Form 8332, and you cannot file it. As the custodial parent... See more...
@azhottie11    You said "I have a Tax Preparer so I’m assuming they automatically filed the Form 8332." The tax preparer cannot file the Form 8332, and you cannot file it. As the custodial parent, you have to sign the paper Form 8332 and give it to the noncustodial parent. The noncustodial parent has to attach the Form 8332 that you signed to their tax return. If they e-file they can mail the signed Form 8332 separately, attached to Form 8453 as a cover page. To have any hope of figuring out why the other parent got an error trying to file their tax return, we would have to know, at a minimum, the complete exact error message, including any code. You said you did not claim the child as a dependent, but you did not prepare the tax return yourself. Does the child's name appear in the Dependents section in the middle of the first page of your Form 1040?  
If you received a K-1 and need to enter it on your personal tax return.   If you are using the Online version you need to use Premium to enter a K-1.   To enter a K-1 go to Federal Taxes Tab or ... See more...
If you received a K-1 and need to enter it on your personal tax return.   If you are using the Online version you need to use Premium to enter a K-1.   To enter a K-1 go to Federal Taxes Tab or Personal (Home & Business version) Wages and Income Scroll down to S-corps, Partnerships, and Trusts or to Business items Schedules K-1, Q - Click the Start or Update button   Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
First of all you need to upgrade to Premium to enter it.   How to report a bad debt How to Report Non-Business Bad Debt on a Tax Return - TurboTax Tax Tips & Videos   I don’t know if these st... See more...
First of all you need to upgrade to Premium to enter it.   How to report a bad debt How to Report Non-Business Bad Debt on a Tax Return - TurboTax Tax Tips & Videos   I don’t know if these steps will still work but may get you close.  Enter a Bad Debt under Federal Taxes (or Personal for H&B/Self Employed version) Wages and  Income (or Personal Income for H&B/Self Employed version) Choose  I'll choose what I work on Then scroll down to Investment Income Then Stocks, Mutual Funds, Bonds, Other - Click Start or Update   If you see a screen that says….Did you have any of these Investment Sales say YES If you have a screen showing your Investment Sales Summary - click on + Add More Sales Next screen should ask Did you get a 1099B - say No Next screen is Choose the type of investment you sold - Pick the Second One Uncollectible Debt    
Donations to charity, including donations to a church, are an itemized deduction. They will not reduce your tax or increase your refund unless your total itemized deductions are more than your standa... See more...
Donations to charity, including donations to a church, are an itemized deduction. They will not reduce your tax or increase your refund unless your total itemized deductions are more than your standard deduction.  
Add your W2 box 1 and your Net Profit on Schedule C minus the SE tax I explain below.   And are you married?   If you have self-employment income you can only contribute up to your net profit reduc... See more...
Add your W2 box 1 and your Net Profit on Schedule C minus the SE tax I explain below.   And are you married?   If you have self-employment income you can only contribute up to your net profit reduced by the deduction allowed for the ER portion of your self-employment taxes. See IRS publication 590A (page 39 for ROTH) https://www.irs.gov/pub/irs-pdf/p590a.pdf   So check 1040 Schedule 1 line 14. You have to deduct that amount from your Schedule C Net Profit. That will give you the allowed contribution for the 1099Misc income.   And make sure the Schedule C and ROTH Contribution are entered for the same person if you are married filing Joint.   Or maybe you have a penalty for having too much income to contribute.   See IRS publication 590A (page 39 for ROTH) to see if you are allowed to contribute to the ROTH IRA. https://www.irs.gov/pub/irs-pdf/p590a.pdf
where do I enter for a bad debt deduction
Not sure I would assume that it is just a printing issue because I do not think the IRS knows whether your return is supposed to contain IRS 8582 page 3 or not. A tax return without IRS 8582 page 3 c... See more...
Not sure I would assume that it is just a printing issue because I do not think the IRS knows whether your return is supposed to contain IRS 8582 page 3 or not. A tax return without IRS 8582 page 3 can still be a valid return. Plus, if page 3 does not print even when you are trying to print all forms required for paper filing, that definitely begs the question whether page 3 will in fact get packaged and submitted for e-filing.   While there is some cursory content validation, my understanding of the e-file acceptance criteria is that they are a lot more procedural and structural and format driven. You can get a sense by reviewing some of the published validation / e-file rejection errors and solutions.   Do you have an IRS.gov account? If so, reviewing your IRS tax return transcript might provide confirmation of whether IRS Form 8582 page 3 actually got transmitted.
is is 6 digits? I am at the hospital and do not have access to my 2023 tax file where I probably have written it down
I just assumed it was a printing issue, since the return was e-filed and accepted.
It only counts the W-2 as employment income and says I will have a penalty.
Federal>Deductions and Credits>Charitable Donations>Donations to Charity
where do i enter church donations?