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If you were deducting the cost of items only when they were sold, then you were calculating COGS correctly, even if you entered it as a miscellaneous expense instead of in Schedule C COGS section. The issue is more about reporting location than the deduction itself.   Going forward, you should use the proper COGS section (Part III of Schedule C) and track beginning and ending inventory. If inventory amounts have grown significantly, switching methods or formally correcting it may require additional steps, so consulting a tax professional for future years would be wise.   @avigo45 

Sometimes adding a child to claim the American Opportunity Credit can decrease your refund if that child's own income is added to yours and it pushes you into a higher tax bracket.   If she is over 24, she is ineligible for the refundable portion of the tax credit.   A refundable tax credit reduces your tax liability dollar-for-dollar and can result in a refund of the remaining amount. Nonrefundable credits can only reduce taxes to zero,.   Adding a dependent for the American Opportunity Credit can decrease your refund if it triggers a conflict with other credits (like the Earned Income Tax Credit).   If she is a student under 19 (or under 24 if full-time) and has no income, adding them should not generally decrease your refund.     Also, make sure to go through the TurboTax screens regarding your daughter and make sure you have answered everything correctly. The following is required to be eligible for the credit:   The student must be pursuing a degree or recognized credential. She must be enrolled at least half-time for at least one academic period. She must be within the first four years of post-secondary education. She cannot have a felony drug conviction. She cannot be claimed if listed as a dependent on another persons return   For tax year 2025, this  credit begins to phase out for single taxpayers who have adjusted gross income between $80,000 and $90,000 and joint tax filers when adjusted gross income is between $160,000 and $180,000. Click here for What Is the American Opportunity Tax Credit? Please return to Community if you have any additional information or questions and we would be happy to help.

This may be correct.   Adding an item of income to your tax return does not always result in a straight forward increase of your tax liability by an amount equal to that income multiplied by your marginal tax bracket, as some tax credits or deductions may be affected.    For example, the Earned Income Tax credit (EITC) is a bell shaped curve against income. The EITC rises with income until a certain level of income when it starts to decrease to reach 0 at the maximum level of income for the category.   As an example, please look at the EITC tables from page 28 of this IRS publication.   Some tax deductions such as the overtime deduction may decrease as income rise.

No, the sales tax itemized deduction is not calculated automatically.    To make sure that your sales tax deduction is calculated correctly on Schedule A, go to Deductions & Credits>Sales Tax.    On the sales tax deduction screen, you can either:    have TurboTax estimate the sales tax deduction using IRS tables or   enter the actual sales tax paid   If you elect to use the IRS tables, you will enter the state where you lived, the dates you lived there, and the total sales tax rate on the screen following the sales tax calculation method.   See this TurboTax article for more information on deductions for sales tax.

You should go to healthcare.gov and see if they have a 1095-A for you. It's for insurance through the health insurance marketplace. You do not file a 1095-B.   See this article for more information about the Premium Tax Credit.    TurboTax will automatically fill out Form 8962 once you enter your Form 1095-A.

You should go to healthcare.gov and see if they have a 1095-A for you. It's for insurance through the health insurance marketplace.   See this article for more information about the Premium Tax Credit.    TurboTax will automatically fill out Form 8962 once you enter your Form 1095-A.

Yes, TurboTax definitely knows that any type of withholding is considered paid evenly throughout the year. This has always been the case in tax law going back more years than I can count.   @carterrd 

Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS Where's My Refund site will not take into account the 5 days early, but if you signed up for the 5 Day Early product, you should receive your refund deposited 5 days prior to the date indicated by the IRS, assuming all conditions are met.   For more information click on the link below 5 Days Early Option   If you don't get your deposit 5 days early, there is a few reasons why that might happen.   Your refund was offset or differed from their estimated refund amount, bringing the refund amount below the minimum threshold or above the maximum. What is a refund offset? Your bank wouldn't accept RTP (Real Time Payments) or Same Day ACH deposits, preventing Intuit from depositing your refund 5 days ahead of when the IRS would have deposited your refund. The IRS didn't give Intuit 5 or more days of notice in advance. This stopped Intuit from meeting the 5 days early expectations. If TurboTax is unable to deliver the refund 5 days early, your order will be canceled and you won't be charged the 5-Day Early fee. You will receive a follow-up email with a refund and timing update, and if any cancellation is applicable. 

Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.   Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?