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Friday
@rileypriestle2 You should call Customer Support, so they can issue a repair ticket, and tell the programmers what the problem is. How do I contact TurboTax?
Friday
@Kassandre You should call Customer Support, so they can issue a repair ticket, and tell the programmers what the problem is. How do I contact TurboTax?
Friday
For claiming my child as a dependent it won't take me back to that portion
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Friday
Each Spouse must have at least $500 of qualifying income to get the credit. But then any schedule A deductions must be subtracted from each spouse’s income to see if you each still have $500. In addi...
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Each Spouse must have at least $500 of qualifying income to get the credit. But then any schedule A deductions must be subtracted from each spouse’s income to see if you each still have $500. In addition any Federal adjustments must be subtracted. A common example is an IRA deduction. Let's say the wife had $1500 of wages and put $1200 in her traditional (deductible) IRA. She would only have $300 of net qualifying income and the couple would not get any JFC.
Did you have any of the following:
-medical expenses exceeding 7-1/2% of AGI
-IRA deductions
-student loan interest deduction
-1/2 self employment tax deduction
-educator expense deduction
-alimony deduction
-529 plan contributions
-out of state military pay
-Business income deduction
-any other adjustments on Ohio sch A
If so, and those items were deducted from your qualifying income, that income may be reduced to less than $500.
Friday
@annabelle-hussey You should call Customer Support, so they can issue a repair ticket, and tell the programmers what the problem is. How do I contact TurboTax?
Friday
@dunigan-sydney You should call Customer Support, so they can issue a repair ticket, and tell the programmers what the problem is. How do I contact TurboTax?
Friday
@kyra-joy-morrow You should call Customer Support, so they can issue a repair ticket, and tell the programmers what the problem is. How do I contact TurboTax?
Friday
1 Cheer
Yes, because the beneficiary received the amount shown on the K-1.
Here's more info on Tax Benefits of ABLE Accounts.
@shmacdoug
Friday
Expected on Jan 21
Friday
Under age 18? Or under age 17? If one of your kids turned 17, that reduces the credit to $500. Five kids at $2200 plus one kid at $500 would be $11,500. If all of your kids are under age 17...
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Under age 18? Or under age 17? If one of your kids turned 17, that reduces the credit to $500. Five kids at $2200 plus one kid at $500 would be $11,500. If all of your kids are under age 17, it is possible you answered one of the questions wrong about one child, or entered an incorrect birthdate that makes the program think one child only qualifies for $500.
Friday
@AdrianJ58 Are you doing a Canada return? The USA Turbo Tax needs Windows 11. Unless you are using the separate Business program (not to be confused with the personal Home & Business). Y...
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@AdrianJ58 Are you doing a Canada return? The USA Turbo Tax needs Windows 11. Unless you are using the separate Business program (not to be confused with the personal Home & Business). You can still use Windows 10 for Business.
Friday
I am trying to file amended return for Tax year 2024 using TurboTax desktop. Its stuck on the final stage, ie on the "Let's get ready to file your taxes" and does not proceed on clicking "Continue". ...
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I am trying to file amended return for Tax year 2024 using TurboTax desktop. Its stuck on the final stage, ie on the "Let's get ready to file your taxes" and does not proceed on clicking "Continue". What do i need to do to complete this?
Friday
Forms are stored for one year. You can check QB Support or contact QB for help.
See also QB FAQ
Friday
No the issues is not resolved. 'Believing it will work' on Windows 10 is not a confirmation that it will work. On-line versions with data storage in the cloud are not an option.
Friday
@swick wrote: In my research, I did not see anything saying income had to be REPORTED on a 1099 or W-2 to be eligible for the deduction. If this is the case, is would exclude a very large po...
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@swick wrote: In my research, I did not see anything saying income had to be REPORTED on a 1099 or W-2 to be eligible for the deduction. If this is the case, is would exclude a very large population of workers (independent hair stylists, massage therapists, nail salons, etc). Unfortunately, the law itself says it must be reported on a 1099 (for a self-employed person). The "transition" guidance for this year also says that. Yes, unfortunately that excludes A LOT of self-employed people from claiming that deduction I suspect that those who made the law included that requirement to reduce fraud, but unfortunately, that drastically limits the number of self-employed people who can claim the deduction.
Friday
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