All Posts

No, the vehicle has to be owned by you.  Check with the leasing company; if they're receiving a credit they may pass some of that on to you.   Here's more info on the Clean Vehicle Credit.   @Suzzie-quinn 

Oh, and it doesn't apply to us this year so I didn't see the question about July 4 2025, but that's the date the OBBBA (or OB3A) was passed that expanded use of 529 funds for things like apprenticeships, licensing exams, technical education, and I think K-12 education?  So if you used it for college tuition and expenses like room and board for a college student in a degree program in the spring semester or a summer program, you're OK just like last year.  https://www.blackrock.com/us/financial-professionals/insights/529-plans-and-the-obbba-what-you-need-to-know

Yes, if you never received any Advance Premium Tax Credit ($0 in Column C), then you shouldn't be getting any PTC back.  Form 8962 must be calculating one for you, based on your income and the amount of your premium.     I would suggest that if your Column C is $0, enter the amount you were reimbursed each month by your HRA instead.    @ReynaLBall     

Hi Mary K4....   Does TT do the MAGI calculation and flag / advise if the Roth IRA contribution is in excess of IRS limits? If yes, does it calculate the actual amount in excess?   I may have the same issue here for 2025, whereas my Roth contribution (in March for 2025), may be in excess of IRS limits according to my calculations.  I plan to withdraw the excess from the Roth prior to 4/15/26.   If I understand your advice here correctly, to correct on 2025 filing, you suggest:   1) Report in TT the contribution I made in March 2025 (contribution only), so it aligns with the form 5498 that the financial institution will send to the IRS.   2) To correct in 2025 filing, I should create a second 1099-R form (typed in manually) to show distribution of contribution + earnings from the Roth, and that should indicate 2026 as the year, with code P and J......however, as I am 65 years old, and have held the Roth for 5+ years, would code J really the correct code to enter in box 7?   3)After all 1099 R info is entered, I checkt he box that states this distribution is for 'Corrective distributions made before the due date of the return".   4) Subsequently, I disregard (do not report in 2026 filing) the 1099-R notice I will get in 2027 (for 2026 distributions), as the excess will be removed and reported (contribution plus earnings) in my 2025 filing.   Thanks in advance for your confirmation & guidance.

Part IV of the Student Info worksheet says you can't enter information there (you can, but sometimes it gets changed).  It says to use the People worksheet for the student instead - there's even a QuickZoom link to that worksheet so you don't have to scroll to the bottom of Forms to get there.  I haven't had a problem with TT changing my information after I entered Room and Board in the student's People Worksheet.  But you have to go to the Forms, which users are reporting is not possible in the Online version.  There is no interview process asking about qualified educational expenses.  There is supposedly a fix (for the desktop version?  Or online as well?) coming out tomorrow.

Instead of the icon can you launch it this way?  After it's installed, can you launch it by going to the  Windows start menu and in the presented list of programs selecting  to launch TurboTax 2025 there?   Or have you tried right-clicking on the TurboTax desktop icon and in the popup going to Properties then Compatibility and choosing "Run this program as an administrator?"

What version of TurboTax are you taking these screen captures from?  It does not match my Premier 2025, and when I say "no" to the question regarding 1099-R's, TurboTax exits the 1099-R section completely and brings me back to the full "Wages & Income" tab and list of topics. 

I have the same issue.  My summary page includes a line for Canadian Registered Pension Income.  It's zero, but seem inappropriate to have any country listed when none apply to me.  Canada is random. I tried the update button and pressed the "delete" button.  After confirming deletion, the line still exists.  I tried the advice in this thread to find the "Form" and delete it, but there is no form.  Perhaps a bug in Turbo Tax?  Maybe a future update will correct this.  If there is more I can do, please advise.  Thank you.

“On or after February 13” is not a clear or acceptable timeframe. Are you sure you actually mean on or after February 13 of the year 2026? Or 2027? Because the way you are handling this anything is possible.