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I filed 5 days ago and my return is still pending. It has not yet been accepted. I want to know if this happens only during business hours
Any senior discounts (additional standard deduction or the new enhanced $6K deduction) will be automatically applied based on your birthdate.     You will find Schedule 1-A included with your saved o... See more...
Any senior discounts (additional standard deduction or the new enhanced $6K deduction) will be automatically applied based on your birthdate.     You will find Schedule 1-A included with your saved or printed tax return.   There is no place in TurboTax you need to make additional entries for these deductions.     
I'm having the same problemm so WHY SHOULD I SUBSCRIBE to get my problem resolved,  
Submitted on Jan 13  using Quick Employer Forms. All data correct. Still in Processing on Jan 21, usually I get confirmation within 48 hours. Neither Accepted no Rejected notice. Does anybody experie... See more...
Submitted on Jan 13  using Quick Employer Forms. All data correct. Still in Processing on Jan 21, usually I get confirmation within 48 hours. Neither Accepted no Rejected notice. Does anybody experience long delays?
I did not file my 2024 Federal Taxes and want to do it now. Can I use TT Online or do I need to buy a downloadable copy?
Print and Send by Mail yourself?...Possibly.   Make sure it is your original AGI on the first filed tax return for 2024 taxes...no an Amended tax return. OR.....did you file your 2024 taxes late i... See more...
Print and Send by Mail yourself?...Possibly.   Make sure it is your original AGI on the first filed tax return for 2024 taxes...no an Amended tax return. OR.....did you file your 2024 taxes late in 2025? ...sometime late-filed tax returns do not get the AGI entered in the IRS's computer system for acceptance purposes. ......If that's possible, try entering a zero for your 2024 AGI.  (yeah, it wasn't but it's only to get it accepted). ______________ Otherwise you may have to print them out yourself and file by mail..  Sign/date...attach any tax documents showing withholding...AND the State and Fed forms go to different places.  Use a "tracking" procedure at the Post Office counter.    
Report that as a taxable scholarship per instructions in IRS Pub 970.   Please enter the amount into TurboTax under: Federal Deductions & Credits  Education Select "Expenses and Scholarsh... See more...
Report that as a taxable scholarship per instructions in IRS Pub 970.   Please enter the amount into TurboTax under: Federal Deductions & Credits  Education Select "Expenses and Scholarships (Form 1098-T)"   Continue through the interview,  Enter Form 1098-T if you have one, otherwise continue without it You will eventually land on the "Add any other financial aid" screen Enter the amount here and continue   You may get a message saying that you do not qualify for an education Credit which is fine Continue  The amount will be listed on your Schedule 1 line 8r and flow to your Form 1040 line 8.  
Thank you, Vanessa. So to file it as a hobby, I would use the Schedule 1 1040 form? The line 8J as I was told elsewhere?
You have to enter your form SSA-1099 on your tax return. To do so, follow these steps:   In TurboTax Online, open your return Click on Search (magnifying glass icon) at the top right of you... See more...
You have to enter your form SSA-1099 on your tax return. To do so, follow these steps:   In TurboTax Online, open your return Click on Search (magnifying glass icon) at the top right of your screen In the Search box, enter form SSA-1099 and click Enter In the search result box, click on Jump to form SSA-1099 TurboTax will take you directly to the section where you can start entering your form SSA-1099. Social Security income may be partially taxable depending on your filing status and the level of your combined income, including Social Security income.   TurboTax will automatically calculate the taxable part of your Social Security income using the IRS formula.   Please read this TurboTax blog on the taxation of Social Security benefits.
Yes, that interest does become part of the basis of your Crypto. It follows the rule of constructive receipt.  Since you paid tax on the interest, the interest becomes part of your cost basis for the... See more...
Yes, that interest does become part of the basis of your Crypto. It follows the rule of constructive receipt.  Since you paid tax on the interest, the interest becomes part of your cost basis for the Crypto since you never withdrew it in the first place and left in in the account.
@user17690314532 wrote: .....in the transfer of funds, is that considered income to the estate? No, the transfer is NOT considered income to the estate for federal income tax purposes.
Oh I missed that, been so many questions about the 6,000 Senior Deduction. There is a 2,000 deduction that starts for 2026 that we file NEXT year.  Or as posted above the extra 2,000 added to the ... See more...
Oh I missed that, been so many questions about the 6,000 Senior Deduction. There is a 2,000 deduction that starts for 2026 that we file NEXT year.  Or as posted above the extra 2,000 added to the Standard Deduction.   For 2025 the standard deduction amounts are: Single 15,750 + 2,000 for 65 and over or blind (17,750) HOH 23,625 + 2,000 for 65 and over or blind Joint 31,500 +  1,600 for each 65 and over or blind (both 34,700) Married filing Separate 15,750+ 1,600 for 65 and over or blind