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yesterday
Is Turbo Tax Free?
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yesterday
Whether I use a "0" for box 4, or leave the box blank the issue remains. Likewise, whether I leave box 6 blank or put in the Payers TIN without a hyphen, the issue remains.
yesterday
No, all 1099-Rs will show as retirement income in TurboTax. The IRS uses Form 1099-R to report distributions from Pensions, Annuities, Retirement, Profit-Sharing Plans, IRAs, and Insurance Contracts...
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No, all 1099-Rs will show as retirement income in TurboTax. The IRS uses Form 1099-R to report distributions from Pensions, Annuities, Retirement, Profit-Sharing Plans, IRAs, and Insurance Contracts.
yesterday
I appreciate the response, @DawnC! I believe I did all of this - I didn't claim anything in Iowa. I did the IA non-resident return first and then did IL resident return. But the dropdown showing m...
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I appreciate the response, @DawnC! I believe I did all of this - I didn't claim anything in Iowa. I did the IA non-resident return first and then did IL resident return. But the dropdown showing my state numbers shows $0 for IA refund and it shows I owe for IL. Does that mean I entered something incorrectly somewhere along the way? Thank you!
yesterday
To enter a Form 1099-MISC -
Click on Federal (Personal using Home & Business) Click on Wages & Income (Personal Income using Home & Business) Scroll down to Other Common Income On Form 1099-MI...
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To enter a Form 1099-MISC -
Click on Federal (Personal using Home & Business) Click on Wages & Income (Personal Income using Home & Business) Scroll down to Other Common Income On Form 1099-MISC, click the start or update button
yesterday
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yesterday
How to start a new joint return
You will not be able to merge two previous TT account to start your new joint return. You can transfer ONE of your 2024 returns into a new return, so choose the...
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How to start a new joint return
You will not be able to merge two previous TT account to start your new joint return. You can transfer ONE of your 2024 returns into a new return, so choose the most complicated one. The other spouse’s information needs to be entered manually. The first name you enter will be the “primary” taxpayer——and in subsequent years you need to keep the names in that order—do not try to change the order of the names.
When you enter the primary spouse’s information in My Info, you have to answer the question "Were you married?" If you click the button for Married, then a drop down will appear that asks, "Do you want to file this return together with your spouse?" Then you choose YES to file a joint return. You enter your spouse's information into My Info. Whenever you are entering income information there should then be a spot for you and for your spouse's income information. WATCH for the names as you enter income on the screens. Or when you click to add income it will prompt you to choose which spouse had the income.
When you prepare a joint return you include all the information for both spouses on the SAME tax return. Include all of your personal information, all of your income from every source, all dependents (if any), all credits and deductions for both of you. You get ONE refund with both names on it.
And…keep a record of how to access the “old” account for your spouse in case a need comes up to print it or find information from it. TT will save it online for seven years,
yesterday
I TOOK MY SAVINGS AND PUT IT IN AN ANNUITY FOR 3 YEARS .MY 3 YEARS WERE UP AND NOW I RECEIVE A 1099-R FOR THIS TO COUNT AS TOTAL DISTRIBUTION WHY?
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yesterday
If you're the PR or know you will be appointed, you don't have to wait to file the return and 1310.
yesterday
Yes, the proceeds are what you received in exchange for the property. How does selling a home affect my taxes?
Where do I enter the sale of a second home?
yesterday
Someone else claimed my dependent and my return was rejected
If someone else claimed your dependent already, then your e-filed return will be rejected. Print, sign and mail your own return which c...
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Someone else claimed my dependent and my return was rejected
If someone else claimed your dependent already, then your e-filed return will be rejected. Print, sign and mail your own return which claims your dependent. Mailed returns are processed differently by the IRS. It will take some time (maybe even up to a year) but eventually the IRS will contact both parties and sort out who could rightfully claim the dependent. The person who wrongfully claimed the dependent will face repayment of refund $, plus penalties.
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/somebody-already-claimed-dependent/L6vt9aDBv_US_en_US?uid=m68dbfw6
Or
GET IP pin in order to e-file if your dependent’s SSN was claimed on another return
https://www.irs.gov/newsroom/irs-takes-steps-to-help-prevent-refund-delays-by-accepting-duplicate-dependent-returns-with-an-ip-pin-for-2025-filing-season-taxpayers-encouraged-to-sign-up-soon-for-ip-pin-online-account
https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin
yesterday
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)
The deduction is not on the same line as your standard deduction. It is shown separately on line 13b.
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 deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
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
Need to see it?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
If you are not getting the senior deduction it is because
Your date of birth in MY INFO shows that you were not 65 by the end of 2025
Your income is too high
You are filing married filing separately
yesterday
Things do not work that way. No one can call you from the user forum, but you just posted your number where it can be seen by scammers who would love to call you.
This is a public web site tha...
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Things do not work that way. No one can call you from the user forum, but you just posted your number where it can be seen by scammers who would love to call you.
This is a public web site that can be seen by anyone—including scammers and would-be identity thieves who would love to contact you and pretend to be from TurboTax. Please remove the personal information you posted here ASAP by returning to your post and clicking the three little blue dots on the upper right to edit your post.
Phone support is not provided with the Free Edition. If you are using a paid version of the software or if you purchased PLUS you can get phone support when customer support is there. Otherwise, post your question here and someone will try to help.
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
yesterday
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yesterday
I wonder how many people are missing out because of this? The same thing happened to my parents.
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yesterday
No deduction on IN for federal tax paid. There is an IN deduction for property tax paid.
yesterday
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Yes. You can deduct a portion of the cost of TurboTax Home and Business and Audit Defense on your Schedule C. It would be listed as either accounting expense/bookkeeping or software or Miscellaneou...
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Yes. You can deduct a portion of the cost of TurboTax Home and Business and Audit Defense on your Schedule C. It would be listed as either accounting expense/bookkeeping or software or Miscellaneous with the description listed as Tax Preparation. Because it is for both your business and your personal taxes, you cannot deduct the entire amount. You would only be able to deduct the amount that is directly related to the business.
The easiest way to do this would be to look at the cost of Deluxe or Premier (whichever software you would be able to use if not for the business) and use the difference in the price as the amount deducted on Schedule C. Then use that same percentage for the Audit defense that applies to the software.
Example. If you paid $100 for Home and Business but could have used Deluxe if it was not for the business, and Deluxe was $40, then you would deduct $60 on your Schedule C. And 60% of the $60 for Audit Defense.