All Posts
March 3, 2026
12:48 PM
1 Cheer
These premiums are not taxable on the federal return but I have not yet found a California reference.
My guess is that if the programs are mandatory (as HIPP/HIPP programs often are, to reduce ...
See more...
These premiums are not taxable on the federal return but I have not yet found a California reference.
My guess is that if the programs are mandatory (as HIPP/HIPP programs often are, to reduce state Medicaid costs), that the reimbursed premiums would not be taxable in CA.
Of course, you cannot use this amount as a medical deduction on your return.
March 3, 2026
12:48 PM
Which operating system are you using, Windows or Mac?
I am using TurboTax for Windows with the latest update. Version 25.000.0271
On that screen just below the box for Nonqualified pension pla...
See more...
Which operating system are you using, Windows or Mac?
I am using TurboTax for Windows with the latest update. Version 25.000.0271
On that screen just below the box for Nonqualified pension plan not on my W-2 isNontaxable Medicaid waiver payments that qualify as difficulty of care payments on my TurboTax Premier edition.
@Happiest_Taxpayer
March 3, 2026
12:46 PM
Topics:
March 3, 2026
12:45 PM
Turbo Tax is not asking for the second entry of SSA-1099 income
March 3, 2026
12:45 PM
Topics:
March 3, 2026
12:45 PM
Necesito una copia de mi declaración de impuesto del 2024
March 3, 2026
12:45 PM
One of the important things to remember about the energy credit on form 5695 is that it is a non-refundable credit. In order to use it you have to have a tax bill at least as big as the credit amoun...
See more...
One of the important things to remember about the energy credit on form 5695 is that it is a non-refundable credit. In order to use it you have to have a tax bill at least as big as the credit amount. In addition the home energy credit does not roll over to next year. So it is a use it or lose it proposition.
Take a look at your form 1040 on line 16 and make sure that the number that is there is greater than the amount of the credit that you are trying to take. If not then the amount on line 16 is the maximum amount of the credit that you are entitled to.
March 3, 2026
12:45 PM
I believe you are asking if you can deduct the costs you incurred to bring your book to market, which would generate a potential business loss deduction of over $16,000. In order to deduct the ex...
See more...
I believe you are asking if you can deduct the costs you incurred to bring your book to market, which would generate a potential business loss deduction of over $16,000. In order to deduct the expenses to generate a business loss, you would have to prove that you were in business. That would depend on a variety of factors, such as the time and effort you put into the project, the amount of money year earned from it, the prospect of future earnings and other things. You can read more about that in this Intuit article. If you determined that the activity was a business, then you could report the income as self-employment income and deduct the associated expenses. However, since the income is minimal, such treatment may attract attention from the IRS who may be inclined to argue it was a hobby and then deny the deductions. If it is a hobby, then you need to report the income as such and you are not currently allowed to deduct the associated expenses.
March 3, 2026
12:44 PM
It is March 3, 2026 and I attempted yesterday to import my Charles Scwab information and it is not allowing it. I have tried multiple times. SO, what is the next step?
March 3, 2026
12:43 PM
at least for me, who posted this original question, the deprecation and amortization function came online on 2/19 for turbotax online with CA as state. if you are not seeing it, I'm told that cleari...
See more...
at least for me, who posted this original question, the deprecation and amortization function came online on 2/19 for turbotax online with CA as state. if you are not seeing it, I'm told that clearing your cache in your browser (assuming online version) can help. And calling Intuit directly for more input if you are having trouble.
March 3, 2026
12:41 PM
I am itemizing this year due to the increased SALT deduction. I understand that there may be a limit, but I want to see the option of choosing standard or itemized. In my case, after the "unallowed...
See more...
I am itemizing this year due to the increased SALT deduction. I understand that there may be a limit, but I want to see the option of choosing standard or itemized. In my case, after the "unallowed" is deducted, the itemized is less than the standard deduction. Can I choose to take the standard in Georgia? I understand from the program that some people choose to use the standard if it benefits them on their state return. But in my case, even if I changed to Standard on my Federal, in INCREASES my state amount due, not decrease. So, I can't/won't change my federal Is this the politics at work? President Trump changed SALT, but the states aren't changing to match, right?
March 3, 2026
12:41 PM
why am i being charge an extra $15 to file
Topics:
March 3, 2026
12:39 PM
Church was sold with a mortgage and i received the balance funds.
Topics:
March 3, 2026
12:39 PM
Susan Y1, Thanks! The answer is just what I want to know. For 2026 income tax about IRA, I need to report deduction IRA portion first. Then report 1099-R in the income section for 2026. Do I und...
See more...
Susan Y1, Thanks! The answer is just what I want to know. For 2026 income tax about IRA, I need to report deduction IRA portion first. Then report 1099-R in the income section for 2026. Do I understand it correctly? pj1089-gmail
March 3, 2026
12:38 PM
I assume that you are referring to form W-2.
Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no state income taxes.
As ...
See more...
I assume that you are referring to form W-2.
Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no state income taxes.
As your state Washington has no state income tax, it is not in the drop down menu of Box 15 of form W-2. Just leave boxes 15 and 16 blank even if TN is listed in box 15 and/or box 16 is filled with an amount on your form W-2.
March 3, 2026
12:38 PM
Tennessee does not have a personal income tax so leave boxes 15, 16 and 17 blank (empty) on the TurboTax W-2.
March 3, 2026
12:37 PM
The math for the phase out on this deduction does appear to zero it out at $225,000 if it is below a certain amount. The way the phase out on this one works-
1. Take the amount over the thresh...
See more...
The math for the phase out on this deduction does appear to zero it out at $225,000 if it is below a certain amount. The way the phase out on this one works-
1. Take the amount over the threshold (in your case $25,000)
2. Divide it by $1000 increasing to the next whole number if the result is not a whole number (in your case 25)
3. Multiply that result by $200 (in your case $5,000)
4. Subtract that number from the interest paid (in your case the result is now zero)
So while the phase out does go all the way up to $250,000 it requires a higher and higher amount of interest paid to stay in the deduction at that point.
March 3, 2026
12:36 PM
Topics:
March 3, 2026
12:36 PM
My wife and I both have a basis from previous contributions, but not this year. The QCD, the RMD are both listed in the right places and are correct. We had the same situation last year and got a 8...
See more...
My wife and I both have a basis from previous contributions, but not this year. The QCD, the RMD are both listed in the right places and are correct. We had the same situation last year and got a 8606 for each of us.