All Posts
Saturday
Turbo Tax question and answer states it updated the 1009R section TODAY [1/16/2025] for entering information. IT ISN"T WORKING!!! When will it be available to enter data for Turbo Tax users??
Saturday
Topics:
Saturday
Single, amount money 775
Topics:
Saturday
Dear @MarilynG1 , My question is about foreign income amounts reported on Form 2555 that flow into Form 1116. Your screencap shows blank entries for columns A & B in the "Income Excluded on Form ...
See more...
Dear @MarilynG1 , My question is about foreign income amounts reported on Form 2555 that flow into Form 1116. Your screencap shows blank entries for columns A & B in the "Income Excluded on Form 2555 Smart Worksheet" box. What happens once you fill those in by selecting “Taxpayer’s” in both columns A & B (assuming you have unexcluded Foreign Earned Income reported on Form 2555)? Note that “Unlinking Form 2555 [from Form 1116 via the Smart Worksheet discussed above] entirely is also not a solution because TurboTax provides no other mechanism for adding back the excluded FEI on [Form 1116] Line 3d. This occurs in (at least) TurboTax versions 2023, 2024, and 2025” (quoted from my original question). There appears no mechanism (except manual override of Form 1116 Lines 1a and 3d) in TurboTax to correctly disaggregate income between countries for income reported on Form 2555.
Friday
Topics:
Friday
Topics:
Friday
Topics:
Friday
I dont get why the 2024 AGI from turbo Tax file is unacceptable? I am self employed and have been working for myself. All of my work has been cash or personal checks from homeowners that I repair, re...
See more...
I dont get why the 2024 AGI from turbo Tax file is unacceptable? I am self employed and have been working for myself. All of my work has been cash or personal checks from homeowners that I repair, remodel or build something for. I was a Union carpenter. 2022 and 2023 I went through hernia surgery twice. Im doing what i can to get by and pay my bills. Something fraudulent for sure is happening here!
Topics:
Friday
Hello so my husband is in an immigration process and we just got married so he doesn’t have an iten or ssn and my question is how do I add him on my tax return if he doesn’t pay taxes?
Friday
how to remove this
Self-Employed Health Insurance Paid
Topics:
Friday
I saw a pretty nasty video on YouTube that started with a Turbo Tax advertisement. The video title uses the words "Welfare Addicted Jews" and the video itself shows the channel owner harassing Jewish...
See more...
I saw a pretty nasty video on YouTube that started with a Turbo Tax advertisement. The video title uses the words "Welfare Addicted Jews" and the video itself shows the channel owner harassing Jewish people on the street! Is this really where you want your brand to be seen?
Friday
Topics:
Friday
Seeing lots of messages/threads in Jan of 2025 with the same issue described below. Cannot activate the TurboTax Premier 2025 download since I get a window that pops up with "You're not connected to...
See more...
Seeing lots of messages/threads in Jan of 2025 with the same issue described below. Cannot activate the TurboTax Premier 2025 download since I get a window that pops up with "You're not connected to the internet." Connection speed is 60 mbs, on a 2020 imac running Sonoma 14.8.3. Obviously connected if I can send this message and navigate to any number of other websites and check email. Tried all of the cookie clearing, restart hints in other threads. Nothing. Turbotax has worked flawlessly for years for us. What's the solution?
Friday
EIC Qualifications https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m0e5koqu Both your earned...
See more...
EIC Qualifications https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/qualifications-earned-income-credit-eic-eitc/L7w4BFP32_US_en_US?uid=m0e5koqu Both your earned income and adjusted gross income (AGI) may not exceed: $19,104 if you're not claiming a qualifying child ($26,214 if filing jointly) $50,434 if you're claiming one qualifying child ($57,554 if filing jointly) $57,310 if you're claiming two qualifying children ($64,430 if filing jointly) $61,555 if you're claiming three or more qualifying children ($68,675 if filing jointly)
Friday
EIC is based on your AGI not your taxable income. Check to see if that’s the problem.
Friday
Yes unless you make too much income. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction w...
See more...
Yes unless you make too much income. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify. The maximum deduction is $6,000 for each person 65+. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). The MAGI is normally the same as your AGI on 1040 line 11 but with some Foreign items from Form 2555 added back in. On a joint return the phaseout is calculated separately for each person, so the 6% phases out for each spouse. You can not get it if you file MFS Married filing Separate.