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Dave @deductible Duck is committed to making the software a good replacement for the Intuit walkaway.   There were a few rough spots in getting it running, but a few email exchanges with Dave set it right. All looks good now.   I have not been able to get too deep into it as my first donation (my motorcycle to T2T) put me over the "free" limit, but it looks a lot like the Intuit product.   So far I think I will be happy with the product, and know I will be happy with the customer service.

No tax on Overtime. We don't know yet how it works in Turbo Tax. See https://turbotax.intuit.com/tax-reform Scroll down to Reduced taxes on overtime. It says….. Like the new tax provision for tips, the new provision for overtime introduces a deduction for qualified overtime income up to $12,500 for tax years 2025 through 2028 and phases out for income above $150,000. While this deduction can lower your taxable income, it is not a dollar-for-dollar reduction of your taxes and the actual tax savings will depend on your tax rate. See IRS Schedule 1-A part III No Tax on Overtime for how it shows on your tax return. https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf  

The link does not take you to a login screen. I was told by Intuit support that you have to purchase the current year before you are able to access previous years. This is very inconvenient, as I should be able to access 2024 and 2023 forms without purchasing 2025  

@pk ,   Yes, I’m aware that she will also be considered dual-status. However, since she doesn’t have any income at all, and we will be filing as MFS for the first part of the year and as NR for the second part, I was wondering whether she would need to file at all. My understanding is that I would file as MFS and NR, while she wouldn’t need to file a return. Could you please confirm if that’s correct?   I thought you was there more recently. I heard people talking about this crazy inflation time in Brazil: my father in law said it was common, at least where he lived, to buy dollars when receiving the salary so the money would not lose its value throughout the month.    Best regards, Felipe

If you e-file from desktop, Intuit are collecting your data anyway.   Per the EULA:   In addition, if you elect to use online options such as federal or state efile services, data will be collected and used in accordance with the Intuit Global Privacy Statement. You hereby give Intuit permission to combine any of this identifiable and non-identifiable information with that of other users of the Software and/or other Intuit services. For example, this means that Intuit may use your and other users’ data to improve the Software in future releases or design promotions and provide ways for you to compare your tax situation with other users, including through the use of artificial intelligence and machine learning models and training.

"Using TT online doesn't make sense for me - talk about a security risk."   Right!!  Not only can they hack your return, but they will get all your family's (if you file with others) info as well.  Seems like a target for hackers.  As such, I'm no fan of the "cloud" BS.  Seems like every 6 months or so I get an email from some service saying that they're sorry but there has been a security breach on their servers and my info "might have been compromised."

To deduct the mortgage interest you must be a legal owner, or a beneficial owner, AND you must actually pay the interest.  If you are on the deed, we don't have to define "beneficial owner," but if you don't actually make the mortgage payments, you can't deduct the interest.  That would include giving money to your daughter, who then pays the mortgage, but if audited, it would be easier to prove if you paid the lender directly.    To deduct property taxes, you must be a legal owner AND you must actually pay the taxes.  There is no rule allowing a beneficial owner to deduct the taxes.    

Since a waiver request requires timely action on your part which you already took or will shortly take, use the "a" lines to document the amounts. "Include dates and amounts in your explanation statement." -- IRS   @kizeim 

The usual rule, for a gift, is that the recipient's basis is the giver's basis (what you parents paid for it). But there is an exception for the gift of your parent's home, where they retained the right to live there ("life estate"). "If they give away part of the home and keep a life estate in that home..... the cost basis of the house is "stepped-up" to the value of the house on date of death [IRC 2036]") More info: http://www.law.cornell.edu/cfr/text/26/20.2036-1   A life estate does not have to be explicitly established in the deed. Your parents probably had an "implied life estate." If so, that would give you the stepped up basis. There is case law on this.  http://accessiblelaw.org/Documents/LifeEstates-Inheritances.pdf   You may want to Check with a lawyer.

Excess accumulations fall into two categories:  those that are corrected within the correction window and those that are not corrected within the correction window.  Unless the penalty is waived for good reason, those corrected within the correction window are subject to a 10% penalty while those not corrected within the correction window are subject to a 25% penalty.  Part IX lines 'a' relate to those corrected within the correction window and lines 'b' relate to those not corrected within the correction window.   The correction window runs to the end of the second year after the year of the missed distribution except in cases where the IRS issues a deficiency notice or assessed the penalty before then.  For a missed 2024 RMD, the correction window would generally run to the end of 2026.

Sorry--no.    IF TurboTax has refund loans available for 2025 tax returns, it will be in January.   For the past several years TT has offered refund loans which you must be eligible for, and the money is not issued to you until the IRS accepts your e-file.   The IRS does not begin to accept e-files until late January.

You are pretty spot on as to how I think about it.  Taxation is two things:  theft and voluntary. The Viners that pay tax on the items they receive, do so voluntarily and once you do so, setting a precedent, the IRS holds you to that.  These payers also get very mean and nasty to those who see it differently and do not offer to pay taxes.  I believe the 6 month rule and the inflated ETV are the factors that cause this theory to not hold water. 

if you don't pay the mortgage, you can't deduct the interest   you may want to see the article https://www.withum.com/resources/parent-buys-house-kid-pays-the-mortgage-who-gets-the-interest-deduction/    note the difference in your case in that your daughter is on the title.      

flex?  The refund advance closed for 2024 in Feb 2025.   The refund Advance usually starts in January and just when you are ready to file. And only if they offered it to you. You can't self select it. Then you don't get it until AFTER your efile is Accepted by the IRS which is usually late January. https://turbotax.intuit.com/refund-advance Footnote says…..Funding occurs after IRS acceptance. IRS accepts returns starting late-Jan.