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4 hours ago
I was able to access it by clicking form view and opening it that way. After I completed it I went back to interview mode for the rest.
4 hours ago
It is applied automatically.
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 Joi...
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It is applied automatically.
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, Part V, 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.
4 hours ago
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new...
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The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
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
4 hours ago
No. There has not been a change.
When this happens after you have entered all of your business income and expenses, it may be due to a combination of your income attributable to the home offic...
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No. There has not been a change.
When this happens after you have entered all of your business income and expenses, it may be due to a combination of your income attributable to the home office and your other business expenses decreasing the amount of the total home office deduction.
Review the questions in the home office section and double check your answers. Remember that if you perform all of your work in the home office, then you would put 100% of your time was spent there.
4 hours ago
I have an ein number says I much file form 1041 where is form
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4 hours ago
The payer (or administrator) of my pension plan changed in 2025. I received my monthly pension from Northern Trust for 5 months and then from Pacific Life for 7 months in 2025. I have been rece...
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The payer (or administrator) of my pension plan changed in 2025. I received my monthly pension from Northern Trust for 5 months and then from Pacific Life for 7 months in 2025. I have been receiving this pension for the last few years. It is from a qualified plan. When TurboTax asks during the interview process was this the first time I received monies from this payer (in this case Pacific Life) do I answer yes or no? It is the same pension, just coming from a different administrator and it is not the first year I stared receiving monies from this pension.
4 hours ago
Two questions.
1. I bought a home last year. No points, no escrow, etc. At closing I pre-paid the interest to the original lender. 1-2 weeks after closing, they sold my loan to another servicer. Got...
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Two questions.
1. I bought a home last year. No points, no escrow, etc. At closing I pre-paid the interest to the original lender. 1-2 weeks after closing, they sold my loan to another servicer. Got the 1098 from the current servicer with the interest only reflecting the interest I paid to them. So far no 1098 from the original lender. How to input the pre-paid interest to the original lender at closing?
2. I replaced the HVAC with an qualifying heat pump. Turbotax showed the home energy credits as available soon, signed up for email to get the alert when it is ready. I got that alert yesterday, but section is still not available. Anyone else?
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4 hours ago
I made one reportable gift in 2025 and must file Form 709. Must I report on Form 709 ALL 2025 gifts I made? Must I report on Form 709 ALL 2025 charitable gifts?
4 hours ago
Same problem that was reported by numerous others for several years running, still happening!
4 hours ago
The "Major Federally Declared Disaster" option says 12/2019 - 12/2024. Where is 2025?
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4 hours ago
In January 2025, I withdrew one cent from my HSA account to avoid over contributing on the 2024 limit. But for the 2025 year, the HSA tax form now states that this is a $0.01 distribution (even thoug...
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In January 2025, I withdrew one cent from my HSA account to avoid over contributing on the 2024 limit. But for the 2025 year, the HSA tax form now states that this is a $0.01 distribution (even though I removed the cent to avoid over contributing). Do I still have to report that this was used to "pay for medical expenses" even if it was just to avoid over contributions? What do I do to fix this distribution issue?
4 hours ago
I am also waiting and unfortunately they seem to think it's done. Specifically, I received an email twice now that the form is available, yet the updates don't include it...ugh.
4 hours ago
@KathyHe , I am not sure that I understand them situation --- because of your reference to schedule-E. Here is what I think the situation is :
(a) you acquired a residence ( single -family ?) so...
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@KathyHe , I am not sure that I understand them situation --- because of your reference to schedule-E. Here is what I think the situation is :
(a) you acquired a residence ( single -family ?) sometime prior to 2015
(b) you rented out the property for a period ( 3 years ) from 2015 through 2018
(c) you used the property for personal use from 2019 through 2025 ( main residence ? )
(d) in 2025 you sold the property
Assuming that the above is substantially correct,
1. you report the sale of the asset on form 8949 telling TurboTax that you have a 1099-S
2. While filling out the details of the sale ( and using HUD-1 / settlement statement and your 2015 federal return back-up sheets, especially the depreciation details) you provide the adjusted basis ----( acquisition basis PLUS cost of improvements during personal period(s) LESS accumulated depreciation during business use period) , Sales Proceeds ( sales Price LESS sales expenses such as sales prep expenses, commission, transfer tax , title work etc.) . TurboTax will then compute the gain
3. Of the total gain, the portion due/equal to accumulated depreciation is given ordinary income/gain tax treatment. The rest of the gain is either capital gain and/or eligible for "main residence sale" exclusion up to maximum allowed.
Given the above, can you please tell me where you are in the TurboTax sales entry process ?
4 hours ago
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4 hours ago
Can you tell me a little more about what you did. I have the same problem and don't know how to do what you described. Could you possibly send a help link?
4 hours ago
If you "Transmit my return now" you have lost the chance for the advance. You cannot seek the advance after you e-file.
4 hours ago
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4 hours ago
NO!
When you use online TurboTax software you get one return per fee.
Each return needs its own account and user ID. If you use the same account and user ID for a second return, the second ...
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NO!
When you use online TurboTax software you get one return per fee.
Each return needs its own account and user ID. If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.
https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596