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According to my Google AI search  (note it indicates a 2026 W-2) _________________________________________ "Box 12 New Codes (Draft 2026 Form W-2): TT (Qualified Overtime): Total amount of qualified overtime compensation. TP (Qualified Tips): Total amount of qualified tips. TA (Optional): Employer contributions to a "Trump account". " ________________________________________   ......., the employer may have jumped the gun...some other posts have indicated those codes were going to be used this year, but may have been delayed.    Not sure if it's an "Optional" coding for 2025 or just not to be used.   meanwhile, a bunch of folks with those codes in box 12 are left hanging.  

Las tarifas varian segun su situacion individual y que documentos tenga que ingresar en el sistema para preparar su declaracion. Debe revisar su tarifa en su cuenta de TurboTax para saber qué tipo de tarifa le están cobrando. A veces, empieza con la Edición Gratuita (que suele ser un formulario 1040 simple), pero a medida que ingresa formularios o secciones más complejas, podría tener que actualizar su versión según su situación particular. Para encontrar la sección de tarifas, consulte el enlace a continuación.   ¿Cómo reviso mis costos en TurboTax Online?   Para ver por qué le están cobrando o para eliminar cualquier tarifa no deseada, haga clic en el enlace a continuación.   ¿Por qué me cobran TurboTax Free Edition?  

Turbotax Business 2025 is messed up.   On the e-File forms workflow, it asks for me to sign an 8822-B, but then displays the 8453. It did the same thing with the 8283 which should not be in the mix at all in the first place. There are no charitable contributions. Nonetheless, it asks you "Let's get a signed copy of the 8822-B but then shows the 8283 on the next screen. That's totally a bug. Even the displayed workflow is wrong.   Again, there is no 8283 form anywhere in TurboTax Business 2025. There are no charitable contributions. If I search the entire tax return PDF (all worksheets) for "charitable" there are no entries.   At this point, I will wait until February 6th and see once the 8283 form is actually available if that somehow solves the problem. I'm not hopeful given this glaring bug.   I'll probably need to start over, from scratch, and hope that will work. I would do that today if I had any confidence it would work.    This is the first time I've ever had such a glaring issue with TurboTax.   I totally appreciate all your terrific help and kind replies. You were extremely helpful in helping me try every possibility.   Thank you!

Hi, I have an S corporation. In 2025, the S-corp earned $1,500 of income during 29 days in California, and the rest of the year the activity was in Virginia. The S-corp terminated its California activity on January 29, 2025, and started operations in Virginia immediately after the California termination. The business activity is service-based (accounting services). Do I need to file Schedules R-1 and R-2? Since I do not have any other income, I do not need to report anything on the other Schedule R sections, correct? Since I have to file one Federal and two states I am confused how to file them. CA return is a final return should I use Schedule R?

If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.  If you are married you must file as Married Filing Jointly for the additional deduction.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

I was notified it's now available.  I filled out all appropriate fields with no issues, paid to file, and then all of a sudden am having errors with my Daikin QMID code thus TT will not let me e-file.  Very frustrating.  My QMID is accurate, I went straight to the manufacturer to get it.  Anyone else in the same situation?

The 8606 has been completed and is being distributed with the updates.     For individual federal and state returns, you can use this tool to look up your form, and get an expected release date.      

When I go to:   Deductions & Credits > Estimates and Other Taxes Paid > Foreign Tax Credit.   I see this:   I don't see a path to any of these: "Tell Us About Your Foreign Taxes," select "None of these apply" to bypass the wage-only screens. Choose Take the Credit (usually more beneficial than a deduction). Select Passive Income as the category (Real estate gains fall under this). ... Thanks.    

The form still states it available, the Turbo Tax Section contains to state it is unavailable, even though Turbo Tax states it is up to date.    When will this section become available through an update?