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2 hours ago
Schedule C is not a document that you import. Schedule C is a schedule that you complete via the interview screens by entering the business expenses for your self-employment income.
If you ha...
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Schedule C is not a document that you import. Schedule C is a schedule that you complete via the interview screens by entering the business expenses for your self-employment income.
If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare, you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.
https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653
https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6a6gknk
2 hours ago
I ran into the same issue. I used the chat option for DOR, and the agent said that 65105 is correct and that for whatever reason USPS has issues with their address. She said to use this address inste...
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I ran into the same issue. I used the chat option for DOR, and the agent said that 65105 is correct and that for whatever reason USPS has issues with their address. She said to use this address instead if you have trouble with the other one when sending Certified: 301 West High St., Room 102 Jefferson City, MO 65101 It's the mailing address for express/overnight packages for the Taxation Division. You can see it on the DOR web site's Business Tax Contact Information page at: https://dor.mo.gov/contact/business-tax.html
2 hours ago
There is not so much a "wrong way" to do it. You can allocate any amount between 0-100 and your son would allocate the remaining amount. Many times parents will allocate the full amount, other time...
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There is not so much a "wrong way" to do it. You can allocate any amount between 0-100 and your son would allocate the remaining amount. Many times parents will allocate the full amount, other times, they will split it based on the number of people on the policy. The primary rule is that the total must add up to 100% and that you all agree. If you don't agree, then it is based on the number of people covered on the policy.
If you want to split it with the number of people on the policy, you would claim 67% and your son would claim 33% for the months that he was covered. As you walk through the entries, it will ask you which months you shared the policy with another tax payer.
2 hours ago
Win11, Eset AntiVirus disabled, Previous years have installed and run.
Topics:
2 hours ago
The gift splitting isn't required in your case. It does help match things up at the IRS. If you choose to consent to gift splitting, the two forms are mailed in the same envelope and the processor ca...
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The gift splitting isn't required in your case. It does help match things up at the IRS. If you choose to consent to gift splitting, the two forms are mailed in the same envelope and the processor can see all the information at once. You are fine and smart to ask questions. @jim_at_intuit
@PSG2020 I don't see a question to answer.
2 hours ago
While technically there is a provision that allows your student-dependent to claim a federal tuition credit, from a practical matter it seldom works out. A full time student, under age 24, is only e...
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While technically there is a provision that allows your student-dependent to claim a federal tuition credit, from a practical matter it seldom works out. A full time student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit (AOTC) if he/she supports himself by working. She cannot be supporting herself on student loans & grants and 529 plans and parental support. It is usually best if the parent claims that credit. If the student actually has a tax liability, there is a provision to allow him to claim a non-refundable tuition credit (AOTC or LLC). But then the parent must forgo claiming the student as a dependent, and the $500 other dependent credit. The student must still indicate that he can be claimed as a dependent, on his return. This is worth up to $2500 (AOTC shifts to all non refundable). The LLC is $2000 maximum.
2 hours ago
Why does Desktop 2025 duplicate the investment institution that was brought from last year's taxes when I download the information from that institution? If I download the 1099 from Broker A, a new ...
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Why does Desktop 2025 duplicate the investment institution that was brought from last year's taxes when I download the information from that institution? If I download the 1099 from Broker A, a new line item appears for Broker A that invites me to download information as if it is a different account at the same institution.
2 hours ago
The program will do that automatically if the standard deduction is more favorable for you. That may be the case especially when you have a large amount of state taxes deductible on your federal retu...
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The program will do that automatically if the standard deduction is more favorable for you. That may be the case especially when you have a large amount of state taxes deductible on your federal return but not on your state return.
2 hours ago
Hi, I am certain that the turbotax Form 2441 calculations are incorrect. We are married filing jointly, with my earned income being $2,000 and my wife $60,000 (numbers are simplified for ease of...
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Hi, I am certain that the turbotax Form 2441 calculations are incorrect. We are married filing jointly, with my earned income being $2,000 and my wife $60,000 (numbers are simplified for ease of calculation). We have one qualifying dependent so maximum we can claim is $3,000. I received dependent care benefits of $5,000 from employer in the form of reimbursement voucher, reported on my W-2 box 10. As I understand, the excess of $3,000 over my earned income is taxable (Form 2441, Part III, Line 26), and the $2,000 (Form 2441, Part III, Line 25) can be used for dependent care credit calculations, which results in $1,000 in Form 2441, Part II, Line 6. The part which I believe turbotax (and some other software I tested, though with minimal customer support) incorrectly calculates is Form 2441, Part III, Line 18, where it somehow shows my earned income as $0 not $2,000. IRS instructions do mention "for purposes of lines 18 and 19, earned income doesn’t include any dependent care benefits shown on line 12," but that does not mean we subtract the $5,000 (or any amount) from my earned income of $2,000. The consequences of this incorrect calculation is that turbotax deems the entire $5,000 taxable benefits (Form 2441, Part III, Line 26), and my earned income of $2,000 will become the basis for dependent care credit calculations (Form 2441, Part II, Line 6). Although I would receive double the amount of dependent care credit this way, that additional $2,000 taxable income actually increases my final tax liability. I hope there is somehow a way to fix this in turbotax online. Thank you so much.
2 hours ago
TurboTax is correct.
A taxpayer who can be claimed as a dependent by another taxpayer but is not actually claimed is eligible for the LLC (which is nonrefundable) if she has a tax liability and...
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TurboTax is correct.
A taxpayer who can be claimed as a dependent by another taxpayer but is not actually claimed is eligible for the LLC (which is nonrefundable) if she has a tax liability and satisfies all the other requirements. She is also eligible for the nonrefundable portion of the AOTC, but not the refundable portion.
2 hours ago
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2 hours ago
TurboTax can do Ohio School District income tax (SDIT) returns.
TurboTax (TT) does not automatically prepare a School District return (form SD100), you must initiate it.
At the screen, in the...
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TurboTax can do Ohio School District income tax (SDIT) returns.
TurboTax (TT) does not automatically prepare a School District return (form SD100), you must initiate it.
At the screen, in the Ohio program, titled "A few things before we wrap up your state taxes" scroll down to School District taxes. Or later at the screen "Your 2025 Ohio Taxes are ready for us to check" -Click Other situations -Scroll down to School District taxes.
Beginning in 2024, TT will ask “Do you want to file your School District taxes”, if your W-2 showed SD withholding in box 19.
Usually the School District Income Tax (SDIT) return is e-filed with the state return, but there are exceptions. Read the Ohio 'filing instructions" that TurboTax prepares, They will tell you if the SD100 was e-filed or if you have to mail it.
2 hours ago
This is only needed if you are trying to enter medical expenses for itemized deductions. If you are using the standard deduction, there's nothing else to do.
Standard deductions for your conven...
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This is only needed if you are trying to enter medical expenses for itemized deductions. If you are using the standard deduction, there's nothing else to do.
Standard deductions for your convenience:
For single taxpayers and married individuals filing separately, the standard deduction is $15,750 in 2025.
For married couples filing jointly or a Qualified Surviving Spouse, the standard deduction is $31,500, and
For head of household, the standard deduction is $23,625
If you're at least 65 years old or blind, you can claim an additional deduction in 2025 of:
$2,000 for single or Head of Household
$1,600 for married or Qualified Surviving Spouse.
If you're both 65 and blind, the additional deduction amount is doubled.
For more information, see What's my standard deduction for 2025?
@shiyi11
2 hours ago
I think I figured out the issue. Apparently Maryland aggressively phases out itemized deductions based on AGI, which is why TurboTax was having me take the paltry $6700 standard deduction, because my...
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I think I figured out the issue. Apparently Maryland aggressively phases out itemized deductions based on AGI, which is why TurboTax was having me take the paltry $6700 standard deduction, because my itemized deduction was phased out to $0 :(
2 hours ago
It depends. First be sure you have the correct birth date for each spouse. Next you can preview your tax return because it's not part of the standard deduction. It is a separate deduction from income...
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It depends. First be sure you have the correct birth date for each spouse. Next you can preview your tax return because it's not part of the standard deduction. It is a separate deduction from income and not a credit. See the instructions below to check for it on your tax return.
To qualify, the following must apply:
If your income is above $75,000 ($150,000 if Married filing jointly) the bonus deduction decreases by $.06 for every dollar over the relevant amount.
This deduction is available whether you itemize or take the standard deduction.
If your filing status is married filing separately you are not eligible for this deduction.
This bonus deduction is ONLY for those over 65, it does not apply to those who are blind and under 65.
From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
Select Tax Tools
On the drop-down select Tools
On the pop-up menu titled “Tools Center”, select View Tax Summary
On the left sidebar, select Preview my 1040
See Line 13-B on your 1040 for the amount. Additional deductions from Schedule 1-A, line 38
For TurboTax Desktop, change to 'Forms' and review the forms.
@Barkley199004
2 hours ago
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1...
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It is automatic based on your age. It is not part of your Standard Deduction. 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 with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return And your SSN must be VALID for employment. Do NOT check the box saying Not Valid under My Info.
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….
2 hours ago
You can enter tips in the Free Edition. Tips go on Schedule 1-A not 3. It must be upgrading you for something else. A couple reasons it could be saying you need to upgrade…. You might be seei...
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You can enter tips in the Free Edition. Tips go on Schedule 1-A not 3. It must be upgrading you for something else. A couple reasons it could be saying you need to upgrade…. You might be seeing Form 8959 because the amount of Medicare taxes withheld in W2 box 6 is not exactly 1.45% of the Medicare wages in box 5, due to rounding. Try leaving the cents off of the Medicare tax on your W2 box 6. Box 6 has to be exactly 1.45% of box 5 or less. If it is saying you need Schedule 3 and can't use the Free Edition it might be giving you the retirement savings credit. You can say you are a student to decline the credit. You must answer Yes when asked in the Retirement Savings Contributions Credit section if your were a full-time student. The answer to this same question asked in the personal-information section is not the answer that is used.
2 hours ago
With the 2018 tax law change, most student-dependents will get the same refund whether they claim themselves or not. The personal exemption has been eliminated and the standard deduction increased. H...
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With the 2018 tax law change, most student-dependents will get the same refund whether they claim themselves or not. The personal exemption has been eliminated and the standard deduction increased. However, you only qualify for an education credit, if you are not a dependent.