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The new above-the-line charitable deduction is available starting in the 2026 tax year, not 2025.  So when we file 2026 returns next year in 2027.   Taxpayers will be able to deduct up to $1,000 (for... See more...
The new above-the-line charitable deduction is available starting in the 2026 tax year, not 2025.  So when we file 2026 returns next year in 2027.   Taxpayers will be able to deduct up to $1,000 (for single filers and those married filing separately) or $2,000 (for married couples filing jointly).
Is splitting the W2 legal for dual tax status and complications? It says enter exactly as is on the W2. I understand that if it adds up then it is the same and actually an attempt to pay taxes correc... See more...
Is splitting the W2 legal for dual tax status and complications? It says enter exactly as is on the W2. I understand that if it adds up then it is the same and actually an attempt to pay taxes correctly. I have the same situation that TT Premier 2025 isn't handling correctly at all. The clergy interview is absent. Any information on updates coming? When?   Thanks, Dre
What is the code or abbreviation before the amount in box 14 for which you are looking for the category? What state are you in? It might be something that is specific to your state. The categories fo... See more...
What is the code or abbreviation before the amount in box 14 for which you are looking for the category? What state are you in? It might be something that is specific to your state. The categories for box 14 entries a TurboTax convention. The TurboTax category is not shown on the W-2.  
This TurboTax support community is run by Intuit, the company that makes TurboTax, to help its customers use TurboTax to prepare their tax returns. Are you using TurboTax? If so, do not make entries ... See more...
This TurboTax support community is run by Intuit, the company that makes TurboTax, to help its customers use TurboTax to prepare their tax returns. Are you using TurboTax? If so, do not make entries directly on the form. Trying to enter information in forms mode is complicated and error-prone. If you use the Step-by-Step interview to enter your business expenses TurboTax will make the correct entries on Form 8829. If you are not using TurboTax, and you are filling out forms by hand, follow the IRS instructions for the form.  
I think your situation is too complicated for Turbotax, but see what others say. see this article   https://www.investopedia.com/tax-residency-rules-by-state-5114689  here's a key line "While... See more...
I think your situation is too complicated for Turbotax, but see what others say. see this article   https://www.investopedia.com/tax-residency-rules-by-state-5114689  here's a key line "While domicile rules are generally consistent across the U.S., statutory residency requirements vary significantly between states, and factors like convenience rules or reciprocity agreements can add complexity."  
The deduction for seniors should be on Schedule 1-A line 37. Do you see it there? You might not get the full $6,000 if your Modified Adjusted Gross Income (MAGI) is over $75,000 ($150,000 if marr... See more...
The deduction for seniors should be on Schedule 1-A line 37. Do you see it there? You might not get the full $6,000 if your Modified Adjusted Gross Income (MAGI) is over $75,000 ($150,000 if married filing jointly). The deduction is gradually reduced above that level, and is reduced to zero if your MAGI is $175,000 or more ($250,000 if married filing jointly). Your MAGI for the purpose of this deduction is on Schedule 1-A line 3. The total deductions from Schedule 1-A will be on Form 1040 line 13b. That line might include other deductions besides the deduction for seniors.  
Asking me for details about an old 1099 form, that does not apply to me anymore. From retirement plan I do not have.
Having no other income her social security is not taxed.  You don’t report her income on your return and if otherwise qualified you can claim her as a dependent. 
If Social Security survivor benefits are your daughter's only income she does not have to file a tax return. You do not report her benefits on your tax return, so the survivor benefits do not get rep... See more...
If Social Security survivor benefits are your daughter's only income she does not have to file a tax return. You do not report her benefits on your tax return, so the survivor benefits do not get reported anywhere. You can claim her as a dependent if she meets all the requirements.  
We forgot to add an expense of wages for one of our businesses.
  An S-Corp, if it wants to stay compliant, even if legally formed as an LLC, cannot intentionally make disproportionate distributions, because that would violate the single‑class‑of‑stock rule. Ac... See more...
  An S-Corp, if it wants to stay compliant, even if legally formed as an LLC, cannot intentionally make disproportionate distributions, because that would violate the single‑class‑of‑stock rule. Accidental or temporary disproportionate distributions do not automatically terminate S‑corp status, as recent Tax Court cases have confirmed.    So for an LLC taxed as an S‑corp: ✔ Allowed Temporary or accidental disproportionate distributions Unequal distributions caused by bookkeeping errors Situations where governing documents still give equal rights ✘ Not allowed Intentional disproportionate distributions Operating agreements that give different economic rights Patterns that look like disguised compensation or loans   If it were determined that a second class of stock exists and the S-Corp election is terminated, one result could be that the S-corp income allocated to members would become subject to self-employment taxes.  Then you get billed for the taxes, interest and penalties. 
Used turbotax for years and I've never run into this issue before. When reviewing my personal info and selecting next from the first page, it goes directly into dependent information and shows my wife... See more...
Used turbotax for years and I've never run into this issue before. When reviewing my personal info and selecting next from the first page, it goes directly into dependent information and shows my wife as a child dependent. There are no links to edit any information that I can find. Online chat was no help. Anyone else run into this issue?
My daughter gets survivors social security benefits. She doesn’t work and has no other income. I file for her as a dependent on my taxes. Do I need to report her benefits on my taxes since she’s my d... See more...
My daughter gets survivors social security benefits. She doesn’t work and has no other income. I file for her as a dependent on my taxes. Do I need to report her benefits on my taxes since she’s my dependent? Or does she needs to file her own taxes and can’t be filed as my dependent?
Be aware that The System can throw a curveball that has nothing to do with "TurboTax forcing me to upgrade to Windows 11"...   In my case my primary PC gave up the ghost a few weeks ago.  That was ... See more...
Be aware that The System can throw a curveball that has nothing to do with "TurboTax forcing me to upgrade to Windows 11"...   In my case my primary PC gave up the ghost a few weeks ago.  That was a barebones system that I built myself, running Windows 10 and as I noted here previously, Oracle VirtualBox with multiple virtual machines -- including a VM that I upgraded to Windows 11 in order to install TurboTax for TY 2025.   Time constraints would not allow me the luxury of building a replacement system so I went ahead and purchased a pre-built name brand (ugh!) laptop PC.  I chose Dell as the provider (mostly because they tend to have less bloatware than some of the other big names, and holiday deals were cheap!) and of course I was stuck with Windows 11 (Home edition).  Dell also explicitly supports Ubuntu on their PC hardware and that accords with my long-term plans to ditch Windows entirely...   For now my new PC runs Windows 11 and TurboTax still runs in a separate virtual machine.  Eventually I will wipe the OS partition and install some Debian-based Linux distro, but even then I won't be able to escape the Windows 11 requirement for TurboTax without running a virtual machine.  Wine and Bottles or some other Win32 API subsystem may allow me to run TurboTax directly under Linux but I haven't tested that hypothesis yet.   Ditching Windows completely may come down to just forsaking tax preparation programs altogether in favor of PDF forms, mad calculator skills, and printing reams of paper for physically mailed returns.   The point here is that there's no escaping what Microsoft and Intuit calls "progress" unless you hop off that train altogether.  I'm not that much of a Luddite just yet, but every day I spend using Windows 11 is definitely pushing me in that direction.  😾
When I finished my taxes and got to the checkout, selecting how I would like to receive my refund, I didn't see the option to apply for a refund advance. I called and spoke to an agent and was told "t... See more...
When I finished my taxes and got to the checkout, selecting how I would like to receive my refund, I didn't see the option to apply for a refund advance. I called and spoke to an agent and was told "the form isn't ready yet and probably won't be until the 26th of January". After ending the call I was able to find a helpful article that states the application opened on December 19th..
I need to amend two tax returns since turbo tax did not carry forward the qbi loss from 2022 to 2023 or 2024 even though it was calculated correctly  
How to find your 1095-A online Log in to your account. Under "Your Existing Applications," select your 2025 application — not your 2026 application. Select “Tax Forms." Download all 1095-As... See more...
How to find your 1095-A online Log in to your account. Under "Your Existing Applications," select your 2025 application — not your 2026 application. Select “Tax Forms." Download all 1095-As. Get screen-by-screen directions, with pictures (PDF, 504 KB).         To enter your 1095A go to Federal>Deductions and Credits> Medical>Affordable Care Act (Form 1095A)       If you had health insurance from the marketplace, when you applied for the insurance, you gave healthcare.gov an estimate of how much income you would receive in 2025.  They used that amount to calculate how much of the insurance premium would be covered by the tax credit and how much would be your amount to pay.   So...you had some monthly amounts to pay, and the rest of the cost of having that insurance was paid by the government program.   If you ended up making a higher income than you told them you would receive, they re-calculate how much should have been paid by the program and how much should have been paid by you.   And if your own share of the cost should have been more, they get it back on your income tax return.      If you actually had less income, you could even get some of the share you paid back on your tax return.
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 ... See more...
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 above certain incomes.   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