All Posts

Those are 2 different things.   The Retirement Income section is not yet fully functional.  It is expected to be available on 1/21/2026, although projected dates are subject to change in either direction.   Schedule 1-A is called "Additional Deductions" and is a new form as a result of the "One Big Beautiful Bill" (OBBBA).  It includes these parts: No Tax on Tips No Tax on Overtime No Tax on Car Loan Interest Enhanced Deduction for Seniors TAX TIP:  What is IRS Schedule 1-A? https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/what-is-irs-schedule-1-a-new-2025-form-for-additional-deductions-explained/c3EtLSv3w

@dagger1822  https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-advance/L52Mg0G5u_US_en_US  Where's the Refund Advance option in TurboTax this year? You can apply for Refund Advance when you choose how you would like to receive your refund. Refund Advance may not be featured on the first page of “How would you like to receive your refund” so be sure to view all options to select this method.

simple. You can't use TurboTax online to prepare a 2024 return. It requires the desktop app if you want to use TurboTax and you can't e-file. https://turbotax.intuit.com/personal-taxes/past-years-products/      There are other authorized sellers. Don't buy from an unauthorized one.      there are other online apps that may allow prep and e-filing (ID-PIN may be needed) of 2024 such as FreeTaxUsa. 

Are you the custodial parent (CP)? The one with whom the child spent most of the nights during the year. You add him/her under the Personal Info tab. If you are not the CP, you must get Form 8332 from the other parent. It must be sent to the IRS. You can use Form 8453 to mail this form if you want to e-file. Turbotax has no provision to attach a manual form to an e-filed return.   If you are the NonCP you get the Child Tax Credit, while the CP retains, if qualified, the Child and Dependent Care Credit, Earned Income Credit, Head of Household filing status (unless remarried), Income Exclusion of Employer-Provided Dependent Care Assistance   

The major distinction between reverse mortgages and home equity loans is how they are taxed. Reverse mortgages are a little different:   They do not require monthly loan payments They accrue interest over many years They typically are paid back when either the borrower sells the home or refinances the mortgage. Due to these three characteristics of reverse mortgages, the deductibility of interest is not the same as a home equity loan. Interest on a reverse mortgage is typically only deductible at the time the reverse mortgage is satisfied, and that typically occurs at the time of payoff. A refinance in 2020 does not count as satisfying any interest on a reverse mortgage because the interest just is added to the new loan balance.   That is the reason why many people can mistakenly believe that the 1098 from the original reverse mortgage shows that they have accrued some interest, when, in fact, just because the interest has accrued, does not mean that it is deductible under IRS guidelines.   This explains it in plain English and lines up with what most tax pros say reverse.mortgage/interest-tax-deduction   The key takeaway (without clicking) is that when the interest is paid determines whether you can deduct it. I personally would not deduct anything without confirming with a CPA, especially since reverse mortgages fall in a gray area from a tax perspective.

The only signature on an e-filed return is the prior year's Adjusted Gross Income. Not sure what you dated, but it's irrelevant. Unless the IRS finds an issue with your return, it should be accepted. E-file does not open until 1/26/2026. Until then, it just sits on a TurboTax computer. Do not expect the acceptance or rejection e-mail for at least 2 weeks from today.   Tax forms do not have to be sent to the taxpayer until 2/2/2026.  Some even later. This forum has already seen some threads where the TP is asking what to do because they already filed and now they got a tax form that wasn't included in their return.