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Why won't my Independent Contractor expenses lower my tax burden. I am a fitness instructor input my expenses (uniforms, software music and other expenses) Those expenses did not lower my tax burden ... See more...
Why won't my Independent Contractor expenses lower my tax burden. I am a fitness instructor input my expenses (uniforms, software music and other expenses) Those expenses did not lower my tax burden at all. Can anyone tell me why?  
Sorry, Online is only for 2025 now. Online for 2024 and prior is closed now so you can not start a new 2024 or prior return or finish one. You have to do each year separately How to prepare a prio... See more...
Sorry, Online is only for 2025 now. Online for 2024 and prior is closed now so you can not start a new 2024 or prior return or finish one. You have to do each year separately How to prepare a prior year return https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-prepare-a-prior-year-tax-return/00/25984 To do a prior year return you have to buy the Desktop program here, https://turbotax.intuit.com/personal-taxes/past-years-products You will need Windows 10 or Mac Ventura 13 to install it on. If you can't install the Desktop program or if you have a simple return and want to file for free, you can fill out the blank IRS forms by hand. Here are some basic forms….. Here is the IRS 2024 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2024.pdf OR if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2024.pdf And 2024 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2024.pdf Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2024.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2024.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2024.pdf Then when you do file 2025 enter 0 for the 2024 AGI since you are filing 2024 late. You have to print and mail prior year returns. When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS received the return. Don’t forget state.
Our 2024 Ohio filing missed some extra 'estimated tax payments' we made. Ohio audited and caught the mistake and gave us a summary with a new 'tax credit to our account'.   How do I correct the tur... See more...
Our 2024 Ohio filing missed some extra 'estimated tax payments' we made. Ohio audited and caught the mistake and gave us a summary with a new 'tax credit to our account'.   How do I correct the turbo tax carry over 'Ohio tax credits' so that it properly feeds the 2025 tax status??   I was able to replace it in the federal inputs part, but it does not carry through to the Ohio tax calculations.   As this is held by Ohio as a credit is there another way to add this to this year's Ohio tax filing??   Any help would be appreciated.
I have been having exactly the same issue importing data from Edward Jones.  I'm relieved to find that the fault is not with my financial institution, but I do wish that Intuit would send out a patch... See more...
I have been having exactly the same issue importing data from Edward Jones.  I'm relieved to find that the fault is not with my financial institution, but I do wish that Intuit would send out a patch ASAP.
To enter your estimated tax payments in TurboTax Online:   Go to Deductions & Credits Scroll down to Estimates and Other Taxes Paid  Select Start or Revisit next to the type of estimated... See more...
To enter your estimated tax payments in TurboTax Online:   Go to Deductions & Credits Scroll down to Estimates and Other Taxes Paid  Select Start or Revisit next to the type of estimated tax payments you need to enter Enter the amount of estimated tax payments by quarter
Wow! Thank you so much for the information. I had no idea. I plan to request a refund for the second key code.
Social Security is 15% - half of which is paid by the employee and the other half is paid by the employer.   These amounts would be reflected on his w-2 if he were an employee.   He is still responsi... See more...
Social Security is 15% - half of which is paid by the employee and the other half is paid by the employer.   These amounts would be reflected on his w-2 if he were an employee.   He is still responsible for his share even if it was not withheld by his employer.   As an independent contractor receiving a 1099, your son is considered self-employed and pays the full 15% (Self-Employment Tax) - because as a self-employed business owner, he is both the employee and the employer.   The restaurant owner is your son's client, not his employer in this situation.     TurboTax can handle his situation either way depending upon his status.     FICA and Self-Employment Contributions Act   Why am I paying self-employment tax?   If there is confusion regarding your son's status, you can get the IRS involved by filing a determination request.     Firms and workers file Form SS-8 to request a determination of the status of a worker under the common law rules for purposes of federal employment taxes and income tax withholding. Generally, under the common law rules a worker is an employee if the firm has the right to control and direct what will be done and how it will be done.    How to enter Self-Employment income If it is determined he is an employee, enter the income in  Federal (or Personal) Taxes -> Wages and Income -> Less Common Income -> Misc Income -> Other Income Not Already Reported on A Form W2 or Form 1099
It said that there would be instructions at the top of my state return how to mail it (it did not give me the option to efile). I do not see instructions. I can find the address in the state forms, bu... See more...
It said that there would be instructions at the top of my state return how to mail it (it did not give me the option to efile). I do not see instructions. I can find the address in the state forms, but I don't know what forms to mail. All of it? Including the Federal? I don't see any payment voucher for the amount I owe. I only see payment vouchers to make estimated payments for next year.
EXACTLY.  Don't buy 2  programs.   Try to get a refund for one. 
@ mydaughter1 wrote: ineed turbotax for 2024, already purchased email delivery federal and state 2024  Are you saying you purchased the 2024 software, were emailed the license activation code... See more...
@ mydaughter1 wrote: ineed turbotax for 2024, already purchased email delivery federal and state 2024  Are you saying you purchased the 2024 software, were emailed the license activation code, and now need to download the 2024 installation file?   If so, go to the page linked below, and at the top right of the page you can change the tab to 2024; i.e., there are 2 tabs at the top of that page--one for 2024 and one for 2025.   If that page opens on the 2025 tab displaying 2025 products, then choose the other tab for 2024.  Then select your 2024 product.  It will ask you if you want the Windows or Mac version.   https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax
To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to Federal on left or at top (Personal for Home & Business) Deductions and... See more...
To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to Federal on left or at top (Personal for Home & Business) Deductions and Credits Then scroll way down to Estimates and Other Taxes Paid Estimates - click the Start or Update button   I read a post that you may have to expand or go to Other common situations. Or maybe uncommon situations.
Thank you for your quick response. Are you stating that even if I activate the new license key code for the same version, as you have instructed, I still will not be able to electronically file the ... See more...
Thank you for your quick response. Are you stating that even if I activate the new license key code for the same version, as you have instructed, I still will not be able to electronically file the additional 5 returns? If so, what's the benefit of purchasing a second license? I can prepare, print and mail from the first license that was purchased.  
You may be answering your own question when you state, "I didn't work that much last year."   The refundable child-related credits are based on how much you earned from working.   If you did not earn... See more...
You may be answering your own question when you state, "I didn't work that much last year."   The refundable child-related credits are based on how much you earned from working.   If you did not earn much, your child-related credits will be low.     Have you entered income from working in 2025?  If not,  you will not receive an income tax refund based on having dependent children.     The maximum amount of the child tax credit is now $2200 per child; the refundable “additional child tax credit” amount is $1700.   In order to get that credit, you have to have income from working.   Take the amount you earned from working.   Subtract $2500.   Multiply the rest by 15%.  That is the additional child tax credit per child that you canget—- up to the maximum of $1700 per child.   If the amount you earned from working was low, you will not get the full $1700 per child.    If your child is older than 16 at the end of 2025, you do not get the CTC.  But you may still get the non-refundable $500 credit for other dependents instead.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/child-tax-credit/L2lNhfGDl_US_en_US?uid=m68dfq2u   https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/additional-child-tax-credit/L6xFeMFEf_US_en_US?uid=lqnuygah https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents     And for the Earned Income Credit—-   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m62rmz09   https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant   https://www.irs.gov/pub/irs-pdf/p596.pdf   Look at your 2025 Form 1040 to see the child-related credits you received   PREVIEW 1040 https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   Child Tax Credit line 19 Credit for Other Dependents line 19 Earned Income Credit line 27 Additional Child Tax Credit line 28     AND….If you have children but had  little or no income, it raises the question of how you and the children were supported.  There may be another tax-paying adult who can claim you and/or the children as dependents.    
When mailing an amended return, you only need to include the tax Forms & Schedules that changed, along with any supporting documentation or forms - like your W-2c.  So, obviously you need to include ... See more...
When mailing an amended return, you only need to include the tax Forms & Schedules that changed, along with any supporting documentation or forms - like your W-2c.  So, obviously you need to include the 1040-X, Form 1040 & it's schedules that may have changed. If Schedule B or Schedule D didn't change, you don't need to include them.  That said, it's better to send a form that's not needed than to omit one that is.  They won't penalize you for sending a form that's not needed.  
 Can someone please clarify this answer as it is completely unclear.   Say you have a 1099-DIV with Box 1 which has $5,000 in Ordinary Dividends.  You know that $2,000 of those dividends are from US... See more...
 Can someone please clarify this answer as it is completely unclear.   Say you have a 1099-DIV with Box 1 which has $5,000 in Ordinary Dividends.  You know that $2,000 of those dividends are from US government obligations and you want that to flow through to your personal taxes.  IT seems you enter this directly on your K-1 but where?  Do you adjust the down the $5,000 to $3,000 and separate out the $2,000 and enter them else wehre.   Second Wht if you have information in Box12 of your 1099DIV.  WHich is tax exempt interest.  There is no where to enter that information so if flows through. Especially if Box 13 is also populated.     Why does turbotax business not handle this... It is really frustrating.
Please tell me how?!?  
How many tax returns can I file with Turbo Tax? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/start-another-return-turbotax-online/L0B7Rjkyo_US_en_US?uid=mabbwshc   The 5 ... See more...
How many tax returns can I file with Turbo Tax? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/start-another-return-turbotax-online/L0B7Rjkyo_US_en_US?uid=mabbwshc   The 5 efile limit is from the IRS. It's to prevent fraud and people filing fake returns. To do more you have to sign up as a ERO - Electronic Returns Originator and be an authorized E-file provider. And you can't buy another Desktop program to get more efiles.