All Posts

I am very disappointed that you discontinued ItsDeductible. If I had know beforehand, I would have looked into different tax software options rather than just purchasing TurboTax again, like I have for the past several years.

You may have received an automated email indicating that Form 5695 was available.   While the form has been finalized, the final software update is still being deployed, and some customers may not yet see the form available in their product.   The update is actively rolling out across all platforms, and full access will be available once deployment is complete. No action is needed from you at this time.  Check again tomorrow and/or this weekend to complete filing 5695.  If you continue to see this form blocked after this weekend (1/25/26), please tell us in the replies below.  

If you switch to the Online version for 2025…..You will notice several differences and may not like the online version.  It has less features and no Forms Mode.   The Online web version is only good for one account and one return.  Although you can use the same email address for 5 separate accounts.  Your return is only saved online so be sure to save both the .tax2025 data file and the pdf file to your computer when you are done.   You can log in and access your return from any computer. You only can see the forms after you pay and download the pdf. And you might need to upgrade to a higher version to enter different kinds of income.   If you can't  install Turbo Tax Desktop program you can transfer from your 2024 return from your computer into the online version. You need to have the file ending in.tax2024 on your computer.   If you used the Desktop program last year here’s How to transfer into the Online version, https://ttlc.intuit.com/community/entering-importing/help/how-do-i-transfer-last-year-s-return-into-...

The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it.     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 for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   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

You may have received an automated email indicating that Form 5695 (Residential Energy Credits) was available. While the form has been finalized, the final software update is still being deployed, and some customers may not yet see the form available in their product. The update is actively rolling out across all platforms, and full access will be available once deployment is complete. No action is needed from you at this time. Check again tomorrow and/or this weekend to complete filing 5695. If you continue to see this form blocked after this weekend (1/25/26), please tell us in the replies below.

Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2025   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.

When you use online TurboTax you pay for every return, and federal and state have separate fees.   You get one return per fee.  There is no discount for preparing multiple returns online----sorry.     When you use online TurboTax software you get one return per fee.   Each return needs its own account and user ID.   If you use the same account and user ID for a second return, the second one overwrites the first return and it is lost forever.   https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-start-another-return-in-turbotax-online/00/25596  

Sure enough, in prior years, the follow-up question is:   "For the years you received these distributions, was the amount shown in box 2a of the form 1099-R used as the taxable amount?"   Then I can select  "Yes, the amount in box 2a was used as the taxable amount"   (and those are their bolding, not mine) _____________________   @dmertz   I suspect the new wording for 2025 (eliminating the box 2a words) will cause a whole host of messes for folks who have a 1099-R which actually lists a  box 2a value lower than box 1 for (say) after tax contributions. 

Are you an employee of Fidelity?   A W-2 is a document you receive from an employer.     Or do you mean you are trying to import some other kinds of tax documents from Fidelity -- such as a 1099R or 1099B?   Most financial institutions do not have those documents ready for import into tax software until later in the season.   They might put them on their site for you to print or see, but they are not yet formatted for import into tax software.   If you want to enter them before importing is possible, then you can key in the information by hand.

Si. Siempre y cuando no la hayas enviado por correo, ni electrónicamente, puedes hacer cualquier corrección sin problemas. Puedes hacer los cambios necesarios en el formulario o el programa que estás usando y procedes enviarla cuando esté todo corregido.

That is correct. You normally do not enter anything from the 5498 on your return.   Note that in certain cases, such as in overcontributing to an IRA, you may want to refer to the 5498 to determine what to enter, but otherwise, just put the 5498 in your tax file along with your other papers.

I wasn't responding to you. I was responding to the commentor who asked why "Turbo tax didn't see this coming". I don't know why it didn't add it as a reply to them since that is where I pushed the respond button. Weird format.