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It depends. The Child Tax Credit is up to $2,200 for 2025. The Credit for Other Dependents is worth up to $500. However, the maximum credit can be reduced if your modified adjusted gross income is above a certain amount. As @VolvoGirl pointed out, you will be subject to self-employment taxes in addition to any income tax applicable based on your net profit.   The IRS defines a dependent as a qualifying child (under age 19 or under 24 if a full-time student, or any age if permanently and totally disabled) or a qualifying relative. A dependent that doesn't meet the age or relationship criteria could still be claimed for the Credit for Other Dependents if they qualify. See this tax tips article for more information.   @ambermmoney18 

Before trying to delve into the "spreadsheet from hell" detail aspects...   Does your brokerage firm allow you to get a 'closed positions' listing for 2025 that has the proceeds and cost basis for each monthly de minimis sale? If so, you could use that and come back to the 2026 cost basis adjustments at your leisure.   If not, I can pop a beer and try and describe the columns and  calculations to add to that xls. Didn't see an easy way to pass those readily along...

No, I did not, because this year the tool that we have to use to answer your questions does not display all previous posts like it used to. OK, now that I switch to the Community, I see your response. Our apologies.   But I am still puzzled. In that post that I could not see, you said, " We do not have an MSA account.  Also, we are not residents of Ohio." But in the title of your initial post, you put "2025 Ohio MSA Worksheet Error".   By this did you mean that you are doing a Non-resident Ohio return? Also, were you not aware that the State of Ohio has state-level medical savings accounts (MSAs) separate from HSAs?   What are you referring to here when you say "Medical Savings Account Worksheet"? The Ohio MSA? Because the HSA doesn't have such a worksheet.   Anyway, let's start over and tell me: 1. Do you have the TurboTax Desktop product? 2. If so, were you looking in Forms Mode at something call "Medical Wks" under Ohio? 3. This worksheet is created when you enter numbers into "Enter Medical Savings Accounts Transactions" in the Ohio interview. 4. But if you have HSA(s) and don't have an Ohio MSA, then go back and delete all your entries on the screen referred to on the line above.   Or, to short cut things, go delete the Medical Wks, and see if that clears your problem up.

  Thank you! I went back to 1099-R (in wages section) but it doesn't ask me total value of IRA on Dec 31, 2025 there. (And do you mean 2024 or 2025? It asked me total value of IRA somewhere but as of 12/31/2024). What shall I do? And what is strange that USD1600 of taxes were reversed when I added new after tax contribution to traditional IRA for 2025.   I suspect I am doing mistake answering qiestions for Traditional IRA contributions for 2025.  This year I wanted to do the same - contribute USD7000 to Traditional IRA (after tax because of income) and convert it to Roth IRA (because I am not eligible to contribute to Roth IRA straight). So I started to do Traditional IRA contribution for 2025. I answered "No" to "Did Maryna recharacterize any of the Traditional IRA contributions for 2025 over to Roth IRA? This does not include conversions or rollovers". I answered "Yes" to "Did Maryna make any nondeductible IRA contributions to your Traditional IRA from 2024or prior years?". I answered 7000 to "If Maryna made any nondeductible contributions in prior years, look at Maryna's most recent Form 8606. Find the box called total basis and enter the number from that box below. If you never filed a Form 8606 just enter 0 (zero). What was Maryna's total basis as of December 31, 2024?" After answering this question Turbotax increased my refund on those USD 1600, so I am doing mistake somewhere in these answers. Please help

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 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_...

I am going to assume that when you entered the 1099-R, you answered that it required special handling since you have been doing this for year's. Let's dig deeper. Since you are on Desktop, you have Forms mode.  Switch over to Forms.  You can look to the left and see the red exclamation marks. Go to Form 1 /wks -look for any errors showing in red  - especially for the tax-exempt income Look at line 4 and select Data Source - this will take you to Pension and Annuities Smart Worksheet Be sure the pension type is G for Government/ Exempt.  If there is a manual override there, you will need to enter it in step-by-step then come back and clear the override. From forms mode, you can reply with any other issues you see with specific forms, parts, lines and we can help further.