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Re-entered all information today.  Rec'd a call from TT Specialist as scheduled.  Was able to talk through the issues.  Like many others who are posting on this and other threads, unable to list expenses for books and materials, Room and Board, Computer Software, Internet, etc.   The specialist is going to talk it up with appropriate people and give me a call back next week, likely middle to late week.    

You do not need to report anything about a medical FSA on your tax return.  It is not the same type of account as a Health Savings Account (HSA) and is not reported on your tax return.   If you have a dependent care FSA, then you may see some questions about having money left in the account at the end of the year when you go through the dependent care credit section of your return.     To learn more, take a look at the following TurboTax help article:   What is a Flexible Spending Account (FSA)?  

This in due to IRS rules for stock valuation.  TurboTax uses Treasury Regulation § 20.2031-2, which states that the value of stocks and bonds is the fair market value per share on the valuation date, often based on selling prices (comparative sales).   Here's more info on Average Price vs. Comparative Sales.       @TinkerToyRonnie

What are you trying to enter? Overtime pay, Tips, new car loan interest, age 65 or older increased deduciton?   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.

@nfaustino wrote: same thing happened to me but i paid the money it shows in 2024 so why is it making me pay it again in 2025? same exact amount If you have an excess contribution to certain plans, that excess is taxed every year that the excess remains in the plan until you correct the situation.  I can't tell you more since I don't know what kind of plan you have and why you have an excess.  

thank you.  they are actually saying AFTER february 13, they are not saying BY february 13.  so technically they are really not saying much.  i hope that what they mean is around february 13.  otherwise, it will not be good for all of us.

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.

It depends. If you are not itemizing deductions on your federal return they are not needed. If there is no reason for your state return, such as elderly allowances or special credits there's no need for concern.