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9 hours ago
The tax code states that only the Earnings portion of the withdrawal is taxed, not the original contribution.
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9 hours ago
Answered here on your prior post for the same subject - https://ttlc.intuit.com/community/taxes/discussion/i-keep-getting-this-message-and-it-won-t-let-me-complete-my-filing-form-8962-your-calculatio...
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Answered here on your prior post for the same subject - https://ttlc.intuit.com/community/taxes/discussion/i-keep-getting-this-message-and-it-won-t-let-me-complete-my-filing-form-8962-your-calculations-could/01/3746130#M1390063
Did you delete the forms, re-enter the 1095-A and e-file again?
9 hours ago
There could be a couple of reasons why you might be experiencing a delay:
1. First, the status might be pending for security reasons. This may be a sign that someone is trying to use your ident...
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There could be a couple of reasons why you might be experiencing a delay:
1. First, the status might be pending for security reasons. This may be a sign that someone is trying to use your identity to file a tax return. This can take up to 72 hours, after which your return will then be forwarded to the IRS, or if applicable, rejected. If rejected, you can then correct the rejection issue and resubmit. Please see this FAQ for reference.
2. Secondly, there could be a delay if your return has various refundable credits, such as the Earned Income Credit, Investment Credit, Energy Credits, or Business Credits. You may need to wait a few more days and check your filing status again. Please see this FAQ for additional information.
Note: Both instances may be applicable. That is, you could have a hold for security reasons first. And additionally for verification of the refundable credits in your return. In this case, delays might extend beyond 72 hours.
9 hours ago
There could be a couple of reasons why you might be experiencing a delay:
1. First, the status might be pending for security reasons. This may be a sign that someone is trying to use your ident...
See more...
There could be a couple of reasons why you might be experiencing a delay:
1. First, the status might be pending for security reasons. This may be a sign that someone is trying to use your identity to file a tax return. This can take up to 72 hours, after which your return will then be forwarded to the IRS, or if applicable, rejected. If rejected, you can then correct the rejection issue and resubmit. Please see this FAQ for reference.
2. Secondly, there could be a delay if your return has various refundable credits, such as the Earned Income Credit, Investment Credit, Energy Credits, or Business Credits. You may need to wait a few more days and check your filing status again. Please see this FAQ for additional information.
Note: Both instances may be applicable. That is, you could have a hold for security reasons first. And additionally for verification of the refundable credits in your return. In this case, delays might extend beyond 72 hours.
9 hours ago
Using TurboTax Home & Business 2025. When clicking on "Tools" and then "Tax History" the chart/information is not correct. Taxes and Deductions Data are not pulling the correct information.
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9 hours ago
If you did not save the original tax return as a PDF before you started to amend the return, the the original tax return is gone.
Go to this IRS website for free transcripts of a federal tax re...
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If you did not save the original tax return as a PDF before you started to amend the return, the the original tax return is gone.
Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript
For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf
9 hours ago
Import failed multiple times with Brave browser (a Chrome based browser), but after making Firefox my default browser I imported Vanguard successfully.
9 hours ago
The only options I see are: Amend 2023 return, Download/Print return (which prints the amended one), Download .tax file (which I can't get to work)
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9 hours ago
Does submitted for efile for 1099NEC forms mean in progress?
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9 hours ago
The deduction is automatically calculated by TurboTax if you qualify. The calculation will appear on Schedule 1-A page 2, Part V Enhanced Deduction for Seniors, which is then carried to your Form 104...
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The deduction is automatically calculated by TurboTax if you qualify. The calculation will appear on Schedule 1-A page 2, Part V Enhanced Deduction for Seniors, which is then carried to your Form 1040 line 13b.
The maximum deduction is $6,000 for each person 65. There is a phaseout of the deduction once your income (MAGI) exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). On a joint return the phaseout is calculated separately for each person.
On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. This deduction is intended to provide tax relief for seniors and is in addition to the existing Standard Deduction or your Itemized Deductions. Expires December 31, 2028.
9 hours ago
Why do I keep getting this?
Form 8962: Your calculations could not be completed. Reference code: 4-530-582
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9 hours ago
If your AGI is $90,000 and your single, then you would be over the income limit for claiming the credit. To claim the full education credit your MAGI must be below $80,000. At $80,000 the credit ...
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If your AGI is $90,000 and your single, then you would be over the income limit for claiming the credit. To claim the full education credit your MAGI must be below $80,000. At $80,000 the credit starts to phase out and at $90,000 the credit is not available. I am not sure why it is telling you your income tax is $0, it seems like it should be telling you your credit is $0. If your MAGI would be less than $90,000 the the following would need to apply to claim the credit:
Lifetime Learning Credit
You can take this for an unlimited number of years
Twenty percent of expenses up to $2,000
Non-Refundable meaning this can reduce the amount of taxes you owe, but if your tax liability is less than the LLC, your tax will be reduced to $0 and the rest of the credit is lost.
Cannot be claimed as a dependent on any one else's return
Be enrolled for at least one academic period beginning in the tax year. Academic Period can be semesters, trimesters, quarters, or any other period of study such as a summer school session. The school determines academic periods. For schools that use clock or credit hours and do not have academic terms, the payment period may be treated as an academic period.
Be enrolled or taking courses at an eligible educational institution.
Be taking higher education course or courses to get a degree or other recognized education credential or to get or improve job skills.
To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly).
You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).
You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).
You cannot be Married Filing Separately
American Opportunity Tax Credit.
Available for the first 4 years of college
Max amount is $2,500 per student
Partially refundable credit meaning if your tax liability is $0, 40% (up to $1,000) is refundable
Be enrolled in a degree or credential seeking program
Not have a felony drug conviction
Be enrolled at least half time
cannot be claimed as a dependent on anyone else's return.
To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly).
You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).
You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).
9 hours ago
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9 hours ago
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using t...
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The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
9 hours ago
@user17697833490 After you click on Tax Tools and then on Tools, a Tools Center window will be displayed. On that window, the first option under Other helpful links... is View Tax Summary.
9 hours ago
First, check to see if you signed up for the TurboTax Refund Advance. You can look in a few specific places in your account or your email.
Check Your TurboTax Order Details
On the Tax Hom...
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First, check to see if you signed up for the TurboTax Refund Advance. You can look in a few specific places in your account or your email.
Check Your TurboTax Order Details
On the Tax Home page, scroll down to the section for "Your tax returns & documents."
Select View Order Details.
Look for "Refund Advance" or "Credit Karma Money" listed under your payment and refund methods.
If it’s not there, you likely selected a standard direct deposit or a different refund option.
Look for Confirmation Emails
If you applied, you should have received automated emails from TurboTax and its partners.
From TurboTax: Search for an email confirming your "Refund Selection."
From Credit Karma: If you were approved, Credit Karma sends an email when the funds are deposited into your Credit Karma Money Spend account.
From WebBank: If your application was denied, you will receive an email from WebBank (the lender) explaining the reason for the decline.
Check Your Credit Karma Money Account
Because the Refund Advance is deposited into a Credit Karma Money™ Spend account, checking that account is the fastest way to see if the loan was processed.
Log in to your Credit Karma account.
Navigate to the Money tab.
If you see a pending or completed deposit for a portion of your refund (typically between $250 and $4,000) shortly after the IRS accepted your return, that is your Refund Advance.
Review Your Tax Return Summary
You can also find clues on your actual tax forms:
Open your 2025 return in TurboTax
Go to the Tax Tools menu on the left
Select Print Center
View your Federal Information Worksheet
Look at the "Direct Deposit" section
If you signed up for the advance, the bank account listed will be the MVB Bank account associated with Credit Karma, rather than your personal bank account.
9 hours ago
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9 hours ago
I have -$25,942.57 in capital losses this year and $0 for last year. I applied -$3000 to this year's return which should leave -$22,942.57 to carry forward to future years. However, TurboTax shows ...
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I have -$25,942.57 in capital losses this year and $0 for last year. I applied -$3000 to this year's return which should leave -$22,942.57 to carry forward to future years. However, TurboTax shows a value of -$13,769.00 instead.
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