All Posts

Thank you!  I did find the healthcare information you just provided.  So glad that I am entering the information correctly.  I plan to enter the 1099Q and 1098T on my son's taxes.  We'll see how that goes.  

To see exactly what happened, look at your Form 1040, Line 28 and compare it to Schedule 8812:   Check Form 8606: Open the "Forms" view in your software and look for Form 8606, Part III. Line 22 should show your "Basis" (the $12k or more). Line 25b (Taxable amount) should be $0. If Line 25b has a number in it, the software thinks you withdrew "Earnings," which are taxable and will reduce your credits, including the Additional Child Tax Credit Check for Form 5329: If you see this form in your return, it means the software is charging you a penalty (the 10% early withdrawal penalty or the 6% excise tax). This might be where your $400 went. To remedy this:   Go to the Deductions & Credits tab, find Retirement and Investments, and select Traditional and Roth IRA Contributions. Follow the screens until it asks: "Enter your net Roth IRA contributions prior to 2025." Enter the total amount of money you have ever put into your Roth IRAs. Once the software sees that your "Basis" is higher than your "Withdrawal," that $400 should reappear in your refund.

I am using TurboTax on-line.  The issue is with the amount on line 2 of Oklahoma Schedule 511-D.  The amount is not properly being calculated from Lines 5a to 5e on my Federal Schedule A for Itemized Deductions.  I have shared a copy of my tax return. The token number is 1331625.

The 21 days is just an estimate based on IRS averages.   Only the IRS and your State control when and if a Federal or State tax refund is Approved and Issued.   Once a tax return has been Accepted by the IRS or a State, TurboTax receives no further information concerning the tax return or the status of any tax refund.   If accepted by the IRS use the federal tax refund website to check the refund status - https://www.irs.gov/refunds If accepted by the state use this TurboTax support FAQ to check the state tax refund status - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_...   After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.

Where do I find my AGI?   https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947   Your 2024 tax return shows your 2024 Adjusted Gross Income  (AGI)  If you filed a joint return then the AGI is the same for each of you.   Form 1040        line 11   If entering the amount from your 2024 tax return does not work, then try entering “0” instead.  If that does not work and you still cannot e-file, then print, sign, and mail your tax return.   You can get a free transcript of your past return from the IRS:   https://www.irs.gov/individuals/get-transcript Note: If you filed late or amended your return, your correct 2024 AGI may not be in the system.  https://ttlc.intuit.com/questions/1944348-how-do-i-print-and-mail-my-return-in-turbotax-online Note:  If you mail your federal return, you will also need to mail your state return.  You will not be able to e-file your state return.

The insurance payment for your lost shipment is not taxable and does not have to be reported.   If you only have SSA benefits of less than $17,750 then you are not required to file a tax return.   Please read this TurboTax Help article on Who's required to file a tax return?

TurboTax retains online tax returns for the past 7 years, the same retention period as the IRS.  The 2017 tax return is no longer available.   A transcript of the 2017 return may be available on the IRS website. Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript

@Lebanon2017 Only the state can explain.  Contact the state and ask. https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0  

Itemized federal medical expenses are only deductible for the amount that is over 7.5% of your AGI.  This means if your AGI is $100,000, then you would only see medical expenses that are OVER $7,500 included on your Schedule A as the itemized medical expense.  So the system will take all of the eligible medical expenses that you enter it and compare it to 7.5% of your AGI and use the amount over that. 

If you haven't finished because this form is not available yet, check back later, because many forms are still being updated.   Use the link below to check for forms availability:  Tax Forms Availability.