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4 weeks ago
The 5695 Residential Energy Credit is complete.
It is being rolled out and may be currently available.
4 weeks ago
It is the 26th and the error is still there
4 weeks ago
The 5695 Residential Energy Credit is complete.
It is being rolled out and may be currently available.
4 weeks ago
Did you have any income reported to you on a 1099-NEC? Because, if so, you do have a business. You are a self-employed contractor doing whatever job generated that 1099-NEC. And being a self-emplo...
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Did you have any income reported to you on a 1099-NEC? Because, if so, you do have a business. You are a self-employed contractor doing whatever job generated that 1099-NEC. And being a self-employed contractor means you have to pay self-employment tax but it also means that you get deductions from income. Including the deduction represented by form 8995.
If you did not have any self-employment income this year then you should not need form 8995 and you can delete it.
4 weeks ago
1 Cheer
Per your request to notify you if form was still not available by 1/25/26. Just checked to day (1/26/26) and form is still NOT available. Very frustrating!
4 weeks ago
The 5695 Residential Energy Credit is complete.
It is being rolled out and may be currently available.
4 weeks ago
The form itself is ready, but the section of the return in TurboTax with more instructions is still under development.
You can sign up for email notifications for Form 5695 here.
4 weeks ago
You can't deduct employee contributions to the Nevada Public Employees Retirement System. Most pension systems typically work that way, with employer contributions being considered "pre-tax" and emp...
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You can't deduct employee contributions to the Nevada Public Employees Retirement System. Most pension systems typically work that way, with employer contributions being considered "pre-tax" and employee contributions being considered "after-tax" When you do retire and start drawing a pension from Nevada PERS, the amount of the payment attributed to your contributions will not be taxable.
4 weeks ago
Why am I being told to fill out Form 502 for Residency even though there is nothing incorrect?
Topics:
4 weeks ago
The 5695 Residential Energy Credit is complete.
It is being rolled out and may be currently available.
4 weeks ago
The choices seem to be online, a second PC, creating a virtual machine or installing Windows 11 on a second drive where the registry is modified so as to either confirm W11 compliance (a lie) or not ...
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The choices seem to be online, a second PC, creating a virtual machine or installing Windows 11 on a second drive where the registry is modified so as to either confirm W11 compliance (a lie) or not check at all.
4 weeks ago
He only filed married filing separately though?
4 weeks ago
Here you go: https://turbotax.intuit.com/personal-taxes/online/premium/
4 weeks ago
just fill in the form. look at irs instructions if you need to. you don't need to use the step by step.
4 weeks ago
1 Cheer
The 5695 Residential Energy Credit is complete.
It is being rolled out and may be currently available.
4 weeks ago
Topics:
4 weeks ago
HOW CAN I DOWNGRADE TO A LOWER VERSION
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m6i...
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HOW CAN I DOWNGRADE TO A LOWER VERSION
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m6ilzady
WHY DO I HAVE TO PAY? I WANT THE FREE EDITION
The information that you can enter in Free Edition is pretty limited now. Thanks to the tax laws that began for 2018 returns, there are no more simple Form 1040EZ or 1040A's. Everything goes on a Form 1040 that has three extra "schedules" with it, and if you need any of those schedules, you are not able to use the Free Edition. Using the standard deduction instead of itemizing does NOT mean you will not need any of those schedules. If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.
TurboTax Online: Important Details about Filing Simple Form 1040 Returns
If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible.
Examples of situations included in a simple Form 1040 return (assuming no added tax complexity):
W-2 income
Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B
IRS standard deduction
Earned Income Tax Credit (EITC)
Child Tax Credit (CTC)
Student loan interest deduction
Taxable qualified retirement plan distributions
Examples of situations not included in a simple Form 1040 return:
Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions
Unemployment income reported on a 1099-G
Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers)
Stock sales (including crypto investments)
Income from rental property or property sales
Credits, deductions and income reported on other forms or schedules
How can I see my TurboTax fees?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k
If your TurboTax fees are higher than expected, you can reduce them by removing add-ons (BEFORE you e-file) :
Remove Premium Services
Remove MAX Defend & Restore
Remove a state
Remove PLUS Help & Support
Remove Pay With Your Refund
Or—-Use this IRS site for other ways to file for free. There are 8 free software versions available from the IRS Free File site
https://apps.irs.gov/app/freeFile/
4 weeks ago
The illustration is good BUT, I don't believe it's correct. The problem is the "Points". It appears the box of 142 is a default answer. When I enter my beginning date (01/20/1981) and then my points,...
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The illustration is good BUT, I don't believe it's correct. The problem is the "Points". It appears the box of 142 is a default answer. When I enter my beginning date (01/20/1981) and then my points, 3,493 the refund cuts in half. The instructions on the illustration say to enter Start and End date (In BOLD) OR to enter the points. Are you required to enter both the Dates AND Points for just Dates OR points? My ending date is 01/31/2014 and 7,194 points. The refund is higher if i enter just the dates and leave the default points alone.
4 weeks ago
The 5695 Residential Energy Credit is complete.
It is being rolled out and may be currently available.
4 weeks ago
If your spouse filed a joint return, that return was of both of you and was supposed to have all of your income entered on it too. When you file a joint return it is ONE tax return for both people...
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If your spouse filed a joint return, that return was of both of you and was supposed to have all of your income entered on it too. When you file a joint return it is ONE tax return for both people---not two returns. So---if he already filed a joint return he has to wait for it to be fully processed by the IRS and then it has to be amended to include your income (your W-2's). An amended return cannot be filed until the original return has been fully processed, and you have to use a special form called a 1040X which will not be available until late February. And then....it takes the IRS months to process the amended return.