All Posts

In TT my Colorado return was accepted by the state on 2/5/26.  The status on the Colorado Department of Revenue site is still showing the following.  Just wondering if it's taking this long for everyone else for Colorado to show "Return Received & Being Processed"?  

You should complete Form 8962 if you have a 1095-A form for health insurance coverage in a qualified health plan purchased through a Marketplace. This includes a qualified health plan purchased on HealthCare.gov or through a State Marketplace.   If you have a 1095-A, enter it into TurboTax and TurboTax will generate the 8962.      Where do I enter my 1095-A?   If you or a member of your family enrolled in health insurance coverage for 2025 through a Marketplace, you should have received Form 1095-A, Health Insurance Marketplace Statement, from the Marketplace. Form 1095-A shows the months of coverage purchased through the Marketplace and any Advance Premium Tax Credits (APTC in column C) paid to your insurance company to help cover your monthly premium.  If APTC was paid on your behalf, or if APTC was not paid on your behalf but you wish to take the PTC, you must file Form 8962 and attach it to your tax return.   From Form 8962 instructions

To view a "prior" TurboTax account, following the instructions below from the following TurboTax Help Article:  How can I view all my TurboTax accounts?   Here's how to view a list of your Intuit accounts:   First, sign out of your account (otherwise, you'll be thrown into a loop in step 2). Go to our Let's get you signed in page. Enter your email address, phone number, or user ID. We'll send a code to either your email address or your phone. Enter the code we've sent you. We'll show you a list of your accounts. Select the one you want to sign in to.

Thanks for the responses, however it does not appear to work in my situation.      Since I have paid no taxes in 2025 and owe no taxes in 2025, I cannot use my foreign tax credits and want to complete form 1116 to carryover those credits to 2026.    My Schwab 1099-DIV does not ask me to complete box 8 and disclose my foreign dividends included in the 1099.      Since it does not ask me to breakout on my 1099, the foreign tax credit section does not ask me any questions and it just says I am not eligible to use the credit and no Form 1116 is prepared. Only when I add another factitious 1099-DIV and report additional factitious dividends and foreign taxes and now own federal income taxes does it ask me to breakout the foreign dividends earned on this fictitious 1099 and now also the real Schwab 1099-DIV.    With this factitious additional income, I do get the additional questions in the foreign tax credit section and I am able to breakout foreign income and it appears get Form 1116 completed successfully. But of course, when I delete this factitious 1099-DIV and just report the real Schwab 1099-DIV, I no longer get the foreign dividend question on the 1099 and the foreign tax credit section does not ask me any questions and it just says I am not eligible for the credit and no Form 1116 is prepared. So how do I get a form 1116 prepared based upon the above situation for my foreign taxes paid on my Schwab 1099-DIV and carryforward unused foreign tax credits?

If you prepared your 2024 tax return in TurboTax and rolled it over to 2025 you shouldn't have to enter those estimated payments.  If you didn't use TurboTax, didn't roll your 2024 return to 2025, or they just didn't transfer, you can add them as follows:   While logged in to your return go to Deductions and Credits Scroll down to to "Estimates and Other Taxes Paid" Select "2024 Refund Applied to 2025". Select federal, state, or local and click on Start/Revisit Enter the amount of your refund you applied to your 2025 federal taxes.        

Overtime pay is included in your Box 1 total wages, but for the 2025 tax year, employers aren't required to break it out into a separate box. You should check the year-to-date section of your final paystub from December to find your total overtime earnings for the year. Keep in mind, only the overtime premium (the extra "half") in time-and-a-half is deductible.   Here is an article you may find helpful: No Tax on Overtime Explained: Qualified Overtime Deduction Rules for 2025

@ tjbc wrote:  Colorado 2025 return still not processing Is everyone else experiencing a long delay with Colorado starting to process your return after it shows accepted in TurboTax?   It's not clear by what you mean by "starting" to process the return?   Does that mean you can't find any evidence of it at the Colorado DOR refund lookup tool linked below?   As for timeframes to receive the refund once processed, the Colorado DOR website says:   On average, expect the following timeframes before receiving your refund:      e-filing: 3-5 weeks      paper filing: up to 3 months   Follow your status here: Colorado refund lookup tool: https://tax.colorado.gov/refund NOTE:   At the tool, once you click "Check my refund" and go to the next page, you don't have to sign up and log in with a username, etc.   You can scroll down that second page a bit to a "Where's My Refund for Individuals" link that goes right to the tool entry without needing to log in with a username.  It's kinda hidden, but there is a message near the top right that says to go to that link to avoid a username.

No.  The income tax adjustment is used in case you need to make an adjustment on the state income vs federal income.  The amount in box 17 from your W-2 should already be taken into account.  Normally, you leave those income tax adjustments fields alone unless you need to adjust the income for whatever reason.