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As AnnetteB6 mentioned, the results in TurboTax, which are correct, come from the fact that for taxable income below $100,000 you are required to use the tax tables.  At taxable income of $3,000 and above, the tax tables are implemented in steps of $50 and the tax is calculated on the midpoint of the step.  This means that for $10,000 of taxable income, the tax is calculated as 10% of $10,025 = $1,003 (rounded).  Similarly, the tax on $5,000 is calculated as 10% of $5,025 = $503.  You can demonstrate this stepwise characteristic by seeing that the tax on $10,049 is still $1,003, not $1,005.  The tax on $10,050, just $1 more, jumps to $1,008 because it is calculated as 10% of $10,075.

Unfortunately, TurboTax doesn't directly support Form 8621.  You will need to get the Desktop version of TurboTax to file this return. You must manually calculate the numbers,  Enter them into the desktop version's  Forms mode (or via overrides), and  Print/mail your return with the 8621 attached. 

If you are using the TurboTax online web based editions, your information is saved as it is entered.   Did you sign onto your online account with the exact same User ID and password you used to create the online account - https://myturbotax.intuit.com/   You may have more than one User ID.  See this for how to view all of your TurboTax accounts - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx

If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   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.

Perhaps something in your return is preventing your input. We would like to test this further using a TurboTax ".tax2025" file that is experiencing this issue.   You can send us a “diagnostic” file that has your “numbers” but not your personal information.  If you would like to do this, please follow these instructions:    In TurboTax Online, open your return, go to the black panel on the left side of your program and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center. On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. You may wish to snap a screenshot to post instead of the actual number. Reply to this thread with your Token number (including the dash) and tag (@) the Expert requesting the token from you. Please include any States that are part of your return - this is VERY important. If you are using TurboTax for Desktop, go to Online in the top menu, then choose "Send Tax File to Agent."   We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution. 

Q. How do I account for this on Turbo Tax to get a refund of the taxes taken out? A. You enter the W-2 exactly as received.  Scholarships awarded for working are taxable.  So, you may not get much or any refund of the income tax withholding shown in box 2 of the W-2.  Work scholarships, from the school, are usually not subject to social security and Medicare (FICA) tax, so there is usually no withholding shown in boxes 4 & 6.    But since taxable income was used to pay  for tuition, you are eligible to claim a tuition credit. But there seems to be some question of whether that would be for 2024 or 2025. 

After looking further into this, this is not an error and is not affecting the calculations.  This is a hard limit that is on the form for previously used vehicles.  If you look at line 4a, you will see the actual amount of the credit.  Line 16 is not being used in any calculations relevant to this situation.  @Bwon84 @Linda P 

If you are experiencing issues to import documents, try to fix it by following the next steps:    Clear your browsers (cache and cookies) from your computer to clear out any remaining data. How do I delete cookies  How to clear your cache    Try a different browser. For example if you are using Safari, try switching to Google Chrome.   If the issue persists, then select the "type it in myself" option in the investment/interest section to enter the data from your paper/PDF. To see more detailed information, refer to these links that I shared with you: Importing Data from your Financial Institution What if I can't import my 1099?   Be aware that if your broker or financial institution isn't on our list of import partners, you won't be able to import your documents.   Open the link below to see our list of import partners: TurboTax Import Partners  

If you help manage your elderly parent's property investments without a formal business, you generally can't deduct related expenses as business deductions unless you operate a sole proprietorship or LLC for that purpose. Forming a sole proprietorship or LLC focused on managing these investments might allow you to deduct ordinary and necessary business expenses. These could include costs like travel, office supplies, or professional fees directly related to managing the property. However, for expenses to be deductible, the activity must be engaged in for profit and properly reported as a business. Since you aren't set up as a business, personal expenses or those not connected to a business likely won't qualify. Considering you don't seek reimbursement, establishing a legal business entity could provide a framework to deduct legitimate expenses. Still, qualification depends on meeting IRS requirements for business activities.

You posted your 2024 tax return was rejected.  You do not amend a rejected tax return, you correct the error and file the return again.   To complete and file a 2024 tax return, started with the online editions, you will need to download the 2024 tax data file.  Then you will need to purchase, download and install on a personal computer, Windows or Mac, one of the 2024 desktop editions.  Once installed you need to open the 2024 tax data file you downloaded by clicking on File and then on Open Tax Return.   To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/ Scroll down to the bottom of the screen and on the section Your tax returns & documents.  Click on the Year and Click on Download .tax file   To complete and file a 2024 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2024 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/   A 2024 tax return can only be printed and mailed, it cannot be e-filed using TurboTax.

You are the only one that would know if you amended your tax return and then either e-filed the amended return or you printed, signed, dated and mailed the amended tax return to the IRS.   What did you do?