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Yes, premiums you pay out-of-pocket for Marketplace health policy are deductible as Medical expenses. If at tax time, you have repay all or part of the Prmium Tax credit (PTC), that repayment is also deductible.   You can claim all medical and dental bills, prescription drugs and health insurance premiums paid out-of-pocket as Medical Expenses in Schedule A - Itemized Deductions.   The IRS has an extensive list of what you can and can’t deduct.   For tax year 2025, Medical Expenses are subject to the 7.5% rule and you can only claim the excess over 7.5% of your Adjusted Gross Income.   Please note that Itemized Deductions will only benefit your taxes when they exceed your standard deduction.   For tax year 2025, standard deductions are: $31,500 for married couples whose filing status is “married filing jointly” and surviving spouses; $15,750 for singles and married couples whose filing status is “married filing separately”; and $23,625 for taxpayers whose filing status is “head of household.”   The additional standard deduction for a blind taxpayer—i.e. a taxpayer whose vision is less than 20/200— and for a taxpayer who is age 65 or older at the end of the year is for each instance: $1,600 for married individuals; and $2,000 for singles and heads of household.   Here's how to enter your medical expenses in TurboTax: Open or continue your return. Navigate to the Schedule A section: TurboTax Online/Mobile: Go to Schedule A. TurboTax Desktop: Search for Schedule A and then select the Jump to link.

What are you asking?  Each year you have to buy a  new program or use the online version.  If you use the Desktop program you can sign up for the Advantage membership which automatically renews the next  year program.  You get charged for the renewal in early November each year.   When you renew or buy the Desktop program you get a 1 6 digit license code.    For the Online version you paid the fees when you file.   This year some stores are selling License Codes for the Online version in addition to License Codes for the Desktop program.  So you have to know which one you are buying.

No. Here's the difference: Because the BIRT is a tax on the privilege of doing business in Philadelphia, it only targets the portion of your business activity that actually occurs within city limits. The NPT functions more like a local income tax. The residency rules for NPT are strict: For Residents: If you live in Philadelphia, the NPT applies to 100% of your net profits, regardless of where the work was performed. Whether you are driving in California or Maine, if your "home base" is Philadelphia, the city views that profit as taxable by the city. For Non-Residents: Allocation only applies to people who live outside the city but do some work inside the city. 

 Verify these steps again to see if this was done correctly.   Go to federal>other common income>state and local refunds on Form 1099G. Select edit when you see your entry that is already reported Next screen says Tell us About the Refund Received in 2025 Here you will select the drop down for NY, select 2023 as the year, and the refund amount Next question, select yes. Continue until you see that the amount is not taxable. I checked this in my program, and it worked.

Thank you for this information. So as I am understanding it:   -There is no way to generate or fill out this form using turbotax web-edition.  -I instead have to print, fill out, and mail Form 5329 separately from my electronic filing.   I took the missed RMD last week and want to report it as part of 2025. How then do I go about reporting this distribution in my return using turbotax when I don't have a 1099-R which I would have normally received.   Thank you 

Thanks for chiming in about the exclusions, however I am not convinced I should enter in TT under "Sale of Home", because when I tried that TT specifically prompted me to enter it under "Sale of Business Property" (if said home had been used in a business which it had.) In addition, I really do need all my original questions answered! Thus again but maybe more briefly:   1) I think I need to enter each and every asset from the most current (2023) "Depreciation and Amortization Report" separately. Is that true? a) If true: Where and How in TurboTax is that done? b) If false: Do I simply need the total depreciation taken over the years for all assets associated with said Schd E to match with the depreciation amount I enter on the sale.  And furthermore I thought depreciation on Appliances was handled slightly differently during a sale, which is why I included the Depr Methods in my original post. 2) Is it important that the names of these Assets are identical to the names in the 2023 tax filing, so that the IRS can match them together?   Thank you! 

For interest on a Seller-Financed Loans - Click on Federal Click on Wages & Income Scroll down to Less Common Investments and Savings On Interest from Seller-Financed Loans, click on the start button

Your travel business goes on a schedule C.  In the 'Wages and Income' section of your federal return you should scroll down to 'Business Items' and click 'start' next to the first item.     The system will start out by asking you for details about your business and then ask about the income for the year.  Once you have entered all of that then the next screen will have a list of the different types of business expenses that you may have and help you with entering your expense information.