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6 hours ago
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each ...
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Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
6 hours ago
It is not a credit. It is a deduction.
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind...
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It is not a credit. It is a deduction.
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf
6 hours ago
Are you sure about this? I have previously e-Filed amended return using turbotax. Also ref: https://ttlc.intuit.com/community/taxes/discussion/how-to-know-whether-turbotax-efiled-amendment/00/3728112...
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Are you sure about this? I have previously e-Filed amended return using turbotax. Also ref: https://ttlc.intuit.com/community/taxes/discussion/how-to-know-whether-turbotax-efiled-amendment/00/3728112
6 hours ago
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6 hours ago
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6 hours ago
If you're asking why your state refund isn't reported on your Federal 1040, the refund may not be taxable. There is a worksheet in the 2024 file wherethe taxability is calculated. If this is not your...
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If you're asking why your state refund isn't reported on your Federal 1040, the refund may not be taxable. There is a worksheet in the 2024 file wherethe taxability is calculated. If this is not your issue, clarify your question. This forum has no access to your returns and your question is not entirely clear.
6 hours ago
Thanks JamesG1. But then how to report proceeds from decentralized platforms? The 1099-DA only has the activity on the issuing broker and may not reflect proceeds correctly because of that. The only ...
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Thanks JamesG1. But then how to report proceeds from decentralized platforms? The 1099-DA only has the activity on the issuing broker and may not reflect proceeds correctly because of that. The only way to accurately report proceeds realized across numerous platforms (non-brokers) is by providing TurboTax with the csv, as it's been done before.
6 hours ago
Are you looking to receive your state refund or need to find it on your state tax return? What state?
6 hours ago
Go to this TurboTax website to download the 2025 desktop edition that was purchased - https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/
6 hours ago
Favor de leer este FAQ para encontrar el número telefonico por esta pregunta.
¿Cuál es el número de teléfono de TurboTax?
6 hours ago
The Form 1099-R section is estimated to be finalized and available in TurboTax on 01/21/2026
6 hours ago
Only certain paid tax pros using professional tax software can e-file past year amended returns. You cannot e-file an amended return that you prepared yourself using TurboTax. Your 1040X must be pr...
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Only certain paid tax pros using professional tax software can e-file past year amended returns. You cannot e-file an amended return that you prepared yourself using TurboTax. Your 1040X must be printed, signed and dated in ink, and then you need to mail it in. Use a mailing service like certified mail so you will know the IRS received it, since you will have a long wait for it to be processed.
6 hours ago
For Windows…..What I would do on the old computer, is copy the whole Turbo Tax folder that is under your Documents. That should be where the .tax files and pdf files are stored. Also if you haven't d...
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For Windows…..What I would do on the old computer, is copy the whole Turbo Tax folder that is under your Documents. That should be where the .tax files and pdf files are stored. Also if you haven't done it, I would open each year in the program and save it as a pdf file, go to FILE - SAVE TO PDF so you don't need the program installed to view your return. Copy that folder to a flash drive or best yet is to burn it to a CD or DVD and then you will have a backup of them. Then on the new computer copy the folder (or files) from the flash drive to your Documents folder. You only need the tax return data file ending in .tax2024 to transfer into 2025. You can't transfer the programs. They have to be installed from the CD or Download. You don't need to install older programs unless you need to amend or you didn't save the pdf file. And they only support the last 3 years. If you install an older year you won't be able to update it or download any state programs, so you won't be able to open your return. See this article on how to move your tax return to another computer……. https://ttlc.intuit.com/community/tax-data-file/help/how-do-i-move-my-tax-data-file-to-another-computer/00/26128 Do you want the prior year programs installed on the Windows 11 computer? You can only install the last 3 years. Since you now have to log into an Intuit Account when you first install it, all your downloads and license codes are listed there (even if you bought it from somewhere else) so if you need to install it again or install on another computer, even on the other operating system (Windows, Mac) you can download it again here, https://accounts.intuit.com/app/account-manager/productsBilling/turbotax
6 hours ago
If the state accepted the state tax return, 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-ref...
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If the state accepted the state tax return, 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_...
6 hours ago
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6 hours ago
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6 hours ago
According to turbotax support, IRS has shut down e-Filing until the 26th of January. Will try again in a week to see if accurate.
6 hours ago
I currently have many years of Turbotax programs on my window 10 computer. Can I either load 2025 TT to this computer or transfer the aforementioned files via data transfer to windows 11. In short,...
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I currently have many years of Turbotax programs on my window 10 computer. Can I either load 2025 TT to this computer or transfer the aforementioned files via data transfer to windows 11. In short, how do I utilize the data of my 2024 program to the 2025 TT considering you are limiting my use to Windows11?
6 hours ago
There are over a dozen kinds of 1099's ---what kind are you trying to enter? If it is a 1099R, there is a software update expected on January 21.