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4 weeks ago
I don't participate in either of these.
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4 weeks ago
My standard deduction is $17,750. That is $15,750 + the senior bonus of $2,000. Isn't there another bonus of $6,000? Shouldn't it be $23,750?
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4 weeks ago
As per Pub519 a dual-status alien couple can choose to be full tax year resident and do MFJ, the doc explicitly states of attaching election document, how can i do that with TurboTax?
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4 weeks ago
A new, temporary additional deduction of $6,000 for those aged 65 and older (or $12,000 for a married couple if both qualify) is available for tax years 2025 through 2028. The deduction begins to pha...
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A new, temporary additional deduction of $6,000 for those aged 65 and older (or $12,000 for a married couple if both qualify) is available for tax years 2025 through 2028. The deduction begins to phase out at income greater than $75,000 and $150,000 if you’re married filing jointly. This is in addition to the standard deduction or itemized deductions.
The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.
The senior additional deduction appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.
In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.
But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.
to preview your form 1040 in TurboTax Online, follow these steps:
Open your return
In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
On the Tools Center page, click on View Tax Summary
In the left-hand column, click on Preview my 1040
Your form 1040 will display.
Scroll down to line 13b and you should see the amount of this deduction included in this line.
4 weeks ago
I believe using a dummy EIN will cause issues with e-filing. It has been suggested on several occasions that foreign pension distributions should simply be reported in the Other Income section, since...
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I believe using a dummy EIN will cause issues with e-filing. It has been suggested on several occasions that foreign pension distributions should simply be reported in the Other Income section, since the pension is not subject to, or related to, any US pension laws and is therefore simply other reportable income and is not considered a pension by the IRS. If any tax was withheld at source by HMRC, this can be entered in the Foreign Tax Credit section as a credit or a deduction.
4 weeks ago
To enter Form 1099-S, please follow the instructions in this TurboTax Help article.
4 weeks ago
Mine corrected but I do have some concerns. Its showing the fees being taken out of federal. They already took the fees out of my state during this mix up?? I hope it doesnt charge me again.. @Catina...
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Mine corrected but I do have some concerns. Its showing the fees being taken out of federal. They already took the fees out of my state during this mix up?? I hope it doesnt charge me again.. @CatinaT1
4 weeks ago
How can you deduct the cost of goods sold on a 1099-K received by eBay commerce?
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4 weeks ago
No, you don't have to use a deduction even if it's available, but the overtime is included in Box 1 of your W-2. You'll end up paying the tax on it.
As a note, TurboTax free edition does suppo...
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No, you don't have to use a deduction even if it's available, but the overtime is included in Box 1 of your W-2. You'll end up paying the tax on it.
As a note, TurboTax free edition does support Form 1A that includes the No Tax on Tips feature.
It's easy to calculate:
Take your hourly wage X 9 Fours X 0.50 = Your overtime pay.
The straight time portion is not deductible.
Log into TurboTax
Click on Tax Home on the left sidebar.
Select Wages & Income.
Review/Edit or select W-2.
Enter your Employer ID.
The options for Snap a picture and Upload have step-by-step directions.
You can also select [Type it Myself] at the bottom of the screen.
Enter your employer's information.
Post the information from the W-2.
You may be prompted to double check certain information.
A sample of your tax due or refund will be posted for the data you have entered so far.
A Let's check for uncommon situations that'll come up.
This is where you will post Tips and other uncommon situations.
Continue through the interview if any of these apply.
This will bring you back to the summary page.
4 weeks ago
Yes, mental health therapy costs can be claimed as a medical expense.
The IRS has an extensive list of what you can and can’t deduct as Medical expenses.
4 weeks ago
Yes, if you are using a desktop version of TurboTax then you can enter information directly onto the Form 1040 and other forms needed in your return. However, it is not recommended that you prepare ...
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Yes, if you are using a desktop version of TurboTax then you can enter information directly onto the Form 1040 and other forms needed in your return. However, it is not recommended that you prepare your return using this method. Doing so may cause unintended errors that could either invalidate the accuracy guarantee or prevent electronic filing.
See the following TurboTax help article to learn more:
How do I manually fill out my tax forms in TurboTax Desktop?
4 weeks ago
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4 weeks ago
Did complete Estimated taxes for 2025. Get Revisit screen and cannot move on.
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4 weeks ago
Please follow the instructions in this TurboTax Help article to enter your form 1099-G in TurboTax.
You cannot use the free version of TurboTax to file a 1099-G.
Please read this TurboTa...
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Please follow the instructions in this TurboTax Help article to enter your form 1099-G in TurboTax.
You cannot use the free version of TurboTax to file a 1099-G.
Please read this TurboTax article.
4 weeks ago
I have decided to mail my return in. I'm not impressed with the technical support that you offer. I should be able to talk with a live technician for help.
4 weeks ago
For reporting quarterly estimated tax payments you made, here's a shortcut navigation in Online TurboTax: With the return open, go to the left menu column and click on TAX TOOLS, then TOOLS. In...
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For reporting quarterly estimated tax payments you made, here's a shortcut navigation in Online TurboTax: With the return open, go to the left menu column and click on TAX TOOLS, then TOOLS. In the Tools Center choose the blue button Topic Search. In the topic search line enter estimated tax payments without quotes. Make the selection in the list and either double-click it or click the GO button. Next screen is Estimates and Other Income Taxes Paid. Expand the section Estimated Tax Payments. Choose the appropriate category and tax year you are reporting (Federal, state, local) and click START or Revisit. NOTE: Before filing, make sure your Federal estimated tax payments correctly show on the Form 1040, Line 26, and that any state estimated tax payments (if applicable) show up on your state return.
4 weeks ago
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4 weeks ago
Even if it is not broken out in box 14, you will still enter your OT in box 14 and then select Overtime in the drop down menu. This will take you to the questions regarding OT after you finish enter...
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Even if it is not broken out in box 14, you will still enter your OT in box 14 and then select Overtime in the drop down menu. This will take you to the questions regarding OT after you finish entering the W-2 info.
When you say it is not broken out, do you mean the entire amount that you earned in OT is listed and not just the premium amount or nothing at all is listed? If the entire amount is listed, you will simply enter the amount that is in box 14 and then after you finish entering your W-2, you will be asked if that is the premium amount or the entire amount. The deductible premium amount is the .5 over your regular hourly wage. If this is the ENTIRE amount of OT that you earned for the year, you will tell TurboTax this and then it will ask you if you want to make the adjustments or if you need help. Select whichever one you are more comfortable with and then answer the questions accordingly.
An example on how to calculate: If you make $30 per hour and are paid OT at $45 an hour, you can only deduct $15 per hour as overtime deduction. This is considered the premium or .5 amount. You can get the total amount by taking your total Overtime pay for the year and dividing it by 3 if you are paid time and a half or dividing it by 4 if you are paid double time. You should be able to find this information on your last pay stub of the year if it is not broken down on your W-2.
If no amount is listed, you can use your last paystub of the year to enter the amount in box 14 and follow the same steps as mentioned above. In box 14, if you know the premium (.5) amount, you can just enter that in box 14 and then when you get to the question about OT after you finish entering the info from your W-2, say yes, this is the correct amount. If you don't know the premium amount or do not want to calculate it on your own, you can enter the full amount and walk through the questions to let TurboTax help you calculate the deductible amount. This is a learning year for employers, so the reporting to the IRS is not standardized with every employer. The IRS is aware and is giving a bit of leeway on the reporting this year.
4 weeks ago
@ diamondcalhoun24 wrote: Didn’t file 2024 but need my AGI If you are currently preparing a 2025 return and didn't file a 2024 return, then you don't have a 2024 AGI. You would enter a 0 (zer...
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@ diamondcalhoun24 wrote: Didn’t file 2024 but need my AGI If you are currently preparing a 2025 return and didn't file a 2024 return, then you don't have a 2024 AGI. You would enter a 0 (zero) for the 2024 AGI. If TurboTax asks you if you filed a return last year for 2024, and if you say "no", it may enter the 0 for you. Otherwise, you can enter the 0 yourself.