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If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   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.

No. You do not have to claim the interest he sends as income you received.   There is no income, gain, or profit you are receiving for your son paying the loan. Your son pays exactly what is being charged. Therefore, this would not be considered taxable interest. It is simply a loan repayment.   No. Returns are not typically rejected due to ommitting this interest. If you filed earlier in the year, try e-filing again.   @Dkimmal 

As of today, February 2nd, the tool on Healthcare.gov does now allow you to select 2025. I am using Chrome and didn't have to go to incognito mode.   For more information on Form 1095-A, please see this TurboTax tips article and this help article.   @diamondgrl1010  @staff   

I know several people on this discussion thread wants everybody to move on, I think a lot of us Turbo Tax users are hoping Turbo Tax will have a change of heart. Even though we are into filing season already, Turbo Tax has the ability to change a setting to allow Windows 10 compatibility, just like they allow the Canadians to use windows 10 and Turbo Tax responded to the complaints of the Canadian users.   As I've said in a previous post, Windows 11 has a lot of problems. I attached a link to one of many articles regarding problems with Windows 11that just came out in response to major problems from the January updates. Anyone can see Windows 11 is really not ready for prime time, some users may not have any problems, it all depends on users configurations, but when Microsoft is creating problems from their own updates, this is really unsettling. https://www.techrepublic.com/article/news-microsoft-windows-11-performance-reliability-fixes/   My "two cents".

The TurboTax Free Edition is for customers who are filing simple Form 1040 returns only (no schedules except for Earned Income Credit, Child Tax Credit and Student Loan Interest. Roughly 3.7% of taxpayers qualify. If you have additional forms or attachments, you'll need to use a different TurboTax product.   You can review your fees using the instructions below to find out why you're being charged. You can follow the instructions in this article to remove any  unwanted Fees Why am I being charged for TurboTax Free Edition?   You can review your fees in TurboTax online as follows: Go to the left side on your screen under "Tax Home" Go to "Tax Tools" then "Tools" The "Tools Center" Box will pop up Click on "My Fees" to see a summary of your Turbo Tax Fees.   Click here for "How do I review my fees in TurboTax Online?"   Click here for "How do I downgrade to a different TurboTax Online product?"   If you have additional information or questions regarding this, please return to Community and we would be glad to help.  

"the Surrender Letter I received said in plain letters that I may owe taxes."   Unless the letter indicated a specific nonzero taxable amount, that's probably just boilerplate text that they put on every surrender letter.  Do you know for certain that some portion of the distribution is taxable?  Only in that case would it make sense to submit a substitute Form 1099-R where you would have to enter in box 2a the amount that you believe to be taxable.  In the absence of a Form 1099-R from the insurance company, it wouldn't make any sense to submit a substitute Form 1099-R with a zero in box 2a.  In the case where the insurance company knows that the taxable amount is nonzero or they do not know if the taxable amount is zero (because they have lost the record of the amount of investment in the contract), they must provide you with a Form 1099-R.   If they do not provide you with a Form 1099-R, the implication is that they believe that the taxable amount is zero and, absent a reason for you to independently believe that some portion should be taxable, there is nothing to report of this on your tax return.   It's often the case that the surrender amount is less than your investment in the contract, in which case the insurance company knows that the surrender of the policy is nontaxable.

For AGI $126,300 I believe for Single they will get a reduced amount of $2,922.  The max phase out is $175,000.   For Joint they would get the full 6,000 for each spouse.   The phase out starts at 1 50,000.  The max is $250,000.  

The "refund processing" fee is $40.   The other fees you see are for using the software.     You can avoid the $40 extra fee by paying the software fees before you e-file using a credit or debit card.   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/    

For the S Corp you will need the TurboTax Business Edition.  The Business Edition can be installed on a Windows based personal computer or you can use the assisted online edition.  The Business Edition cannot be used for a personal tax return, Form 1040. Go to this TurboTax website to purchase and download the Business Edition desktop edition - https://turbotax.intuit.com/small-business-taxes/cd-download/   Go to this TurboTax website for the Business Edition online - https://turbotax.intuit.com/personal-taxes/online/live/business-taxes/   For your personal tax return and if you are filing multiple tax returns you would want to use one of the TurboTax desktop editions for 2025.  Go to this TurboTax website for the desktop editions - https://turbotax.intuit.com/personal-taxes/cd-download/

To find your TurboTax account, you can use our Account Recovery Tool to enter all of your potential email addresses, phone numbers, or user ID's and recover your TurboTax Account.   Click here for Account Recovery.   Some additional things you can try: Use every email address you own. You may have created multiple Intuit accounts. Select "Try Something Else": If recovery fails. Search your email messages for emails from TurboTax to identify the correct username. Contact TurboTax Support: If you still cannot access your account, you can reach out to TurboTax Customer Support.    Click here for Request access to your Intuit Account   Please return to Community if you have any additional information or questions and we would be happy to help.

We are aware that some customers are experiencing issues when trying to file but are looped back instead of being able to proceed and file.     We are currently investigating this issue. We will notify you once the program is updated.

The tool on Healthcare.gov has become active since you posted your question. Column B of Form 1095-A asks you to enter the second lowest cost Silver plan (SLCSP) premium amounts. To find the second lowest cost Silver plan premium amounts for you, use this tool at Healthcare.gov. The software won't accept zeroes in Column B.   For more information on Form 1095-A, please see this TurboTax tips article and this help article.