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8 hours ago
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8 hours ago
My and spouse contributed to Traditional IRA in 2025 then recharacterization to Roth via back-door roth contribution. Turbotax web version is not recording correctly. I had same issue last year
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8 hours ago
Yes, you should pay estimated taxes on your door dash and uber eats income. Keep in mind that it's the 'net profit' so after all your allowable ordinary and necessary expenses for that self employmen...
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Yes, you should pay estimated taxes on your door dash and uber eats income. Keep in mind that it's the 'net profit' so after all your allowable ordinary and necessary expenses for that self employment work. The IRS is a 'pay as you go' system which simply means when you make money they want the tax dollars. If you don't make estimated payments, then they are happy to collect interest and penalty for late payment and/or underpayment.
All that being said, it's important to know a few points to help you.
You have personal income tax on that net profit, and
You have self employment tax on that net profit.
All other income for the year must be combined with your net profit to determine your actual personal income tax
How do TurboTax calculate my estimated tax payments?
How do I make estimated tax payments?
The self employment net profit is first allowed to be reduced for 7.65% (1.0 - .0765 = .9235), this is then multiplied by the net profit to arrive at the amount subject to self employment tax ($500 x .9235= $462). The balance is taxed as follows:
$462 x 12.4% for social security tax = $57.28
$462 x 2.9% for medicare tax = $13.40
As you can see that is $71 dollars of self employment tax which must be completed on the Schedule C and Schedule SE to accurately reflect and compute the tax. You also get a deduction for half of the self employment tax on your Form 1040.
IRS Self Employment Tax
To address the Pennsylvania (PA) state return, their tax rate has been the same for years. Take the net profit and multiply it by .0307 to arrive at the tax due to PA. Pay this amount as estimated tax for PA.
2026 PA -40 ES
8 hours ago
Why is form 8582 doubling the current year loss?
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8 hours ago
To clarify I got a 1099-NEC and a K-1 from him.
8 hours ago
What is the Non-Taxable portion of the SSA benefit amount, shown in Box 3 and Box 5
8 hours ago
1 Cheer
This is what I'm thinking too, and really appreciate your input and the time you spent responding. Thank you!
8 hours ago
TurboTax never knows about offsets to your refund(s). Only the IRS (or the state if it was the state that seized the refund) can tell you what is happening. Your proof that you paid your tax due ...
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TurboTax never knows about offsets to your refund(s). Only the IRS (or the state if it was the state that seized the refund) can tell you what is happening. Your proof that you paid your tax due will be your own bank or credit card records.
https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts
IRS Treasury Offset Program Call Center at 1-800-304-3107
https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts
https://ttlc.intuit.com/community/refunds/help/what-is-a-refund-offset/00/26301
Reduced Refund https://www.irs.gov/taxtopics/tc203
NOTE: You can contact the IRS Treasury Offset Program Call Center at 1-800-304-3107 to ask if they have an offset for you on file. TurboTax would not have that information.
https://turbotax.intuit.com/tax-tips/tax-payments/who-can-garnish-an-income-tax-refund/L7cPPzDyc
TAX ADVOCATE
See this article for more info on how the Taxpayer Advocate Service works:: http://www.irs.gov/taxtopics/tc104.html
https://www.taxpayeradvocate.irs.gov/
8 hours ago
TurboTax will automatically handle excess Social Security tax, but only when you worked for two or more employers whose combined withholdings exceeded the annual limit (which is $10,918.20 for the 20...
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TurboTax will automatically handle excess Social Security tax, but only when you worked for two or more employers whose combined withholdings exceeded the annual limit (which is $10,918.20 for the 2025 tax year). In this case, once you enter all your W-2s, the software calculates the overpayment and applies it as a credit on Schedule 3 (Line 11) of your Form 1040, which either increases your refund or reduces the taxes you owe.
However, if a single employer withheld too much on their own, TurboTax cannot claim the credit for you; per IRS rules, you must instead request a refund directly from that employer or file IRS Form 843 manually, as the IRS expects the employer to correct their own payroll error.
For more information, see: Can I get a refund for excess Social Security tax withheld?
8 hours ago
Ok, I got my 1099-nec from my s-corp. So my business expenses are really filed by my accountant in that tax return.
8 hours ago
Re: this part: TurboTax Online does not support importing .TXF or .CSV files for charitable donations. You have to use the "Summary Method." This would not apply if we are claiming over $500 i...
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Re: this part: TurboTax Online does not support importing .TXF or .CSV files for charitable donations. You have to use the "Summary Method." This would not apply if we are claiming over $500 in deductions, correct? Or at least that's what this TurboTax tip seems to be saying. @CatinaT1 wrote: Importing into TurboTax depends entirely on whether you are using the Desktop version or the Online version. The Desktop version is the only one that supports a direct "file import" using the .TXF format. Step 1: Export from Deductible Duck Log in to your Deductible Duck account. Go to the Tax Reports section and select Export for TurboTax (.TXF). Save this file to your desktop. Step 2: Import into TurboTax Open your tax return and go to the File menu at the very top. Select Import > From Accounting Software (or From TXF Files on Mac). Select Other Financial Software (TXF file) and click Continue. Browse for the file you just downloaded and click Import Now. Important: Only "Items" and "Money" donations import this way. Mileage and Stock donations must be entered manually because the old .TXF format doesn't support that data. TurboTax Online does not support importing .TXF or .CSV files for charitable donations. You have to use the "Summary Method." Step 1: Get your Summary Report In Deductible Duck, go to Tax Reports and download the Donation Summary (PDF). This report will group your donations by Charity Name and tell you the total value for each. Step 2: Manual Entry in TurboTax Online Go to Deductions & Credits > Charitable Donations. Add a charity (e.g., "Goodwill"). Instead of listing every shirt, enter the Total Value from your Deductible Duck summary for that specific charity. Keep the detailed Deductible Duck PDF with your tax records in case of an audit.
8 hours ago
8 hours ago
Topics:
8 hours ago
The self-employed health insurance payments must be entered under Other business expenses under your business. Only the amount, if any, of insurance premiums paid in excess of the amount deductible ...
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The self-employed health insurance payments must be entered under Other business expenses under your business. Only the amount, if any, of insurance premiums paid in excess of the amount deductible as a self-employed health insurance deduction is to be entered under Deductions & Credits for inclusion on Schedule A. Of course if you are using the standard deduction, there is no need to enter any of these payments under Deductions & Credits.
8 hours ago
Federal and state refunds come from completely separate entities, There is no rule as to which one will come first or how much time there will be between their arrivals. Some states process returns...
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Federal and state refunds come from completely separate entities, There is no rule as to which one will come first or how much time there will be between their arrivals. Some states process returns quickly and some are very slow.
STATE RETURN
Make sure your state return was accepted: https://turbotax.intuit.com/tax-tools/efile-status-lookup/
To track your state refund:
ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
8 hours ago
If your job is not listed on the list of qualified jobs published by the Treasury Department (Occupations That Customarily and Regularly Received Tips on or Before December 31, 2024), then you will n...
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If your job is not listed on the list of qualified jobs published by the Treasury Department (Occupations That Customarily and Regularly Received Tips on or Before December 31, 2024), then you will not be able to exclude your tips from income for 2025. I am not aware of any loophole to get around the list of qualified jobs.
To learn more, see the following TurboTax help article:
What is the new tax law for tips?
8 hours ago
If you are itemizing deductions you can enter out of pocket Medicare premiums as a medical expense.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold bef...
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If you are itemizing deductions you can enter out of pocket Medicare premiums as a medical expense.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
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)
8 hours ago
OK, NO BUG.. CoPilot is wrong.. Not to all Artificial Intelligence is not always intelligent. So be weary what it tells you. QMID code applies to the manufacturer and not the product like the AI was ...
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OK, NO BUG.. CoPilot is wrong.. Not to all Artificial Intelligence is not always intelligent. So be weary what it tells you. QMID code applies to the manufacturer and not the product like the AI was insisting on.. Went to Rebate.blue and found the code for my company that installed doors and windows.