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2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out above certain incomes.   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf

@1421windsong wrote: VA for 9 months.  Worked full time   NH only for 1.5 months before my next job started.  Was just stating my bank and license still here (no car).   TY I'm still not sure that's clear.  We need to talk about the concept of domicile.  Your domicile is your permanent or main residence.  You can only have one domicile at a time.  You can be away from your domicile for a long time, even years, without changing your domicile. It depends on facts, circumstances and intent.  There is no single factor that determines where your domicile is located, it depends on a combination of factors including things like where you own a home or have a long term lease; where you are registered to vote; where your significant social relationships are located like church and clubs; where your significant professional relationships are located like your primary care doctor, dentist, attorney; where you intend to return after any temporary assignments; and so on.  To establish a new domicile, you have to take active steps to abandon your former domicile.  You could change domiciles 3 times in one year, if that was your intent.  Or, you might move around on temporary assignments, with the intention of returning to your original domicile at the end of the assignment.   This is important because you said you moved "back" to NH, and then you moved to CA but kept some documents in NH.  (Although that by itself is not enough to establish that you maintained your NH domicile or moved your domicile to CA.  It depends on all factors.)   So I return to my original question, phrased slightly differently.  Where was your domicile at each period of the year?  Were you always domiciled in VA, changed your domicile to NH, then changed your domicile again to CA?  Or something else?

Thank you for your detailed reply. I have the following questions regarding your reply:   "I suggest you first gain clarity as to if the student is your dependent. If they are, you can still "Not claim" them, however they still cannot claim themselves. They can file a tax return as a dependent whether they are claimed by someone or not."   Does this mean that even though the student qualifies for my dependent, I don't have to claim him (if I decide to do so)? The reason is that my son will have a full time job from June to December and will have an regular income. Hence, he will need to file a tax return.  If I claim him as a dependent, then when he files his own tax return and indicates that "someone can claim him as a dependent", will he still be qualify for the standard deduction on his tax return?   In your reply:    "If the student is your dependent, but your income will not allow you an education credit, you do have the option of "not claiming" the student in which case the student can file (as a dependent) and be eligible for the "NON-REFUNDABLE" portion of an education credit."   What is the NON-REFUNDABLE portion of the education credit? Does it matter if the 529 fund is paid to my name and then I make the tuition payment from my account? 

Yes, TurboTax is going to automatically apply the last-month contribution limit adjustment for any taxpayer who is 55 or over and who has HDHP coverage (i.e., you do not have to do anything). So TurboTax will apply your spouse's portion of the Self-only HDHP limit to May-July even though your spouse did not have qualifying HDHP coverage in those months.   In terms of your example, please note that the additional contribution limit for 55 and over is calculated separately from the month-by-month contribution limit calculation so you should not add the $1,000 or any part thereof to the monthly calculation as you did.   First TurboTax calculates the spouse's annual contribution limit to derive to share of the Family contribution limit for those months in which both spouses have Family HDHP coverage. The spouse's annual HSA contribution limit can be found on form 8889-S on line 3B.   Then TurboTax will calculate the primary taxpayer's annual HSA contribution limit, but remove the amount of the Family limit used by the spouse from the primary taxpayer on line 5C of form 8889-T.   Then the additional contributions for both spouses (assuming that both taxpayers had HSAs - NOTE did both you and your spouse have HSAs all year? It's not clear from your question).

You can claim all of the points paid at closing, (in your case $25,407.51) regardless of the fact that some was paid by the Seller directly or that some was paid by the Seller as an adjustment to commission paid the real estate Agent. You must meet the other requirements (main home, loan balance limits) regarding the Home Mortgage Deduction for the total to be deductible.    According to the IRS: "amounts the seller pays for points on your loan is treated as paid directly by you from unborrowed funds, provided you subtract the amount of the seller-paid points from your basis (purchase price) in your home."  (The basis, or "your cost", of the home may be necessary to determine Capital gain when the property is sold. If this is the case, you would subtract the amount the Seller paid from your costs to determine an adjusted basis/cost.)   You are correct that points paid at closing and not on Form 1098 need to be entered on line 8c, but the amount is not limited by the portion paid by the Seller. Use your closing statement to report the points paid at closing not reported on Form 1098.    CP28A Notice is usually alerting to an error that home mortgage interest claimed exceeds the limit because of the amount of your home mortgage loan balance for the year. If you held two mortgages in the same year, or your single mortgage put you over the limit (750,000 or 375,000 if filing Married Filing Separately) you'll also need to ensure that the balance of your loan(s) did not effect the amount of interest that you can claim and is the reason for the IRS notice.      More on Home Mortgage Interest   

Am I Head of Household?   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-filing-status/qualify-head-household-2021/L0NxUtVc2_US_en_US?uid=m5x19jkx What is a "qualifying person" for Head of Household?   If you qualify as Head of Household, when you enter your marital status (single or married filing separately) into MyInfo, and then enter your qualifying dependent, TurboTax will offer HOH as your filing status.         Are you the custodial parent?  Do you have an agreement with the other parent to allow the other parent to claim them--due to divorce or that you live apart and share custody?  Did one of you sign a Form 8332?   If there is a signed 8332 then the custodial parent retains the right to file as Head of Household, get earned income credit and the childcare credit.  The non-custodial parent gets the child tax credit for children under the age of 17.  If the child is 17 or older the non-custodial parent gets the $500 credit for other dependents.   If you and the other parent have a signed agreement, you need to indicate in MY INFO that you have such an agreement.   As far as the IRS is concerned, the custodial parent is the one with whom the child spent the most nights during the tax year--at least 183 nights.  

So, there are really 2 questions here.   1. Will the IRA custodian charge a fee to close the account?  We can't tell you that, it depends on the plan rules.  Note that if you have an IRA and don't like your current plan, bank or broker because their fees are too high, you can do a rollover to move the funds to an IRA at a different bank or broker with better terms.  Rollovers are tax-free and keep your money invested for retirement.   2. Will you pay taxes if you withdraw money from your IRA?  Yes.  How much depends on what kind of IRA and how old you are.  If this is a traditional (pre-tax or tax-deductible IRA) then you will pay regular income tax on the entire amount withdrawn.  You will also pay a 10% penalty if you are under age 59-1/2.   Again, if you don't like the terms of this particular bank or broker, you can move your funds to another bank or broker by rollover. 

2025 estimated taxes MUST BE PAID TO  IRS  BY JAN 15 2026 !!  Jan 21 is too  late HOW DO I REQUEST A REFUND FOR MISREPRESENTED PRODUCT?  Not even being able to enter a pension is ABSURD Last checked updates Jan 12

Hmm...I think that I'm talking about a different question here. I did indicate that she did not pay for her expenses, but TurboTax indicates that this question should come up, which I'm not seeing:   Answer Household Questions: The software will prompt you with specific questions related to the cost of keeping up your home. You must answer "Yes" to paying more than half the cost of maintaining the household for you and the qualifying person for more than half the year.