All Posts

Ontop of this I’m tired of the constant emails from turbo tax asking why I have not completed my taxes ????? And that I’m now a new level member in this community!!! You neglected the most important thing. Help us get our taxes done easily.

When you use online TurboTax software you get one return per fee.   Each return needs its own email, account and user ID.   If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.     https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596 https://turbotax.intuit.com/personal-taxes/online/file-your-own-taxes/

Can the student be claimed as a dependent in the Graduation year? (answer written as if the parent asked the question) If he/she was a student (under 24) for at least 5 months and lived with you for more than half the year, and did not provide more than 1/2 his own support for the whole year, you can still claim him. Be sure he knows you're claiming him, so he doesn't claim himself. He can only be claimed once. But, he can "file taxes" without claiming his own exemption. The real question is who should be claiming him in this "transition" year to adulthood. You two have to agree on who is going to claim his exemption. Each should do their taxes both ways and see which way the family comes out best.  Even then, you have to meet the rules.    There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test. Only a QC qualifies a taxpayer for the Earned Income Credit. The rule is that a child of a taxpayer can still be a “Qualifying Child” dependent, regardless of his income, if: he is a full-time student under 24 for at least 5 calendar months of the year (graduating in May usually means you meet the 5 month rule) he did not provide more than 1/2 his own support  (scholarships are considered 3rd party support and not support provided by the student).  lived with the parent (including time away at school) for more than half the year   So, it usually hinges on "Did he provide more than 1/2 his own support in 2025. The support value of the home you provided is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. IRS Publication 501 on page 20 has a worksheet that can be used to help with the support calculation. See: http://www.irs.gov/pub/irs-pdf/p501.pdf  (page 15)

@user17710155553    IF the import process popped up a screen the said the download was successful...and nothing was there in you tax file???.. ....THEN, there may be a different issue people have been experiencing.   There is a VERY strange pop-up during the process that you have to ACCEPT or ALLOW.  IF you don't Allow it, then nothing actually transfers. __________________ See discussions: Solved: Re: Importing Brokerage data does not work   Solved: Re: vanguard brokerage update is available from Vanguard but not on turbo tax   and Solved: Re: vanguard brokerage update is available from Vanguard but not on turbo tax    

After 20 years with turbo tax i jumped ship to tax act. It was free an easy to use. Only the state  return has a cos.  Besides the lack of support from the product specialists and from even their quality customer service team who gave me a call to rectify all this roll out issue I gave up because they drop the ball always. My biggest dissapointment has been Turbo Tax’s ability to convey a true status.. Just tell us It could be as late as mid February. . By keeping me hanging on I lost faith in their sincerity and business model.

Thanks for replying. Yes, there is about $900 Indiana local county tax which is in addition to the indiana state tax $1875. That county tax is correct, and Illinois state paid tax should cover Indiana state tax as credit but only pay Indiana county tax. I used other software before and it did exactly like this, that is why this year when I switched to TurboTax, I was confused.