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I could be because of your income. The deduction is reduced dollar for dollar for every $1 your adjusted gross income is over $75,000. You can use this age deduction calculator from the Virginia Depa... See more...
I could be because of your income. The deduction is reduced dollar for dollar for every $1 your adjusted gross income is over $75,000. You can use this age deduction calculator from the Virginia Department of Revenue to calculate your deduction.
Follow these steps: Open to Federal Deductions & Credits. Scroll down to Your Home and click Start/Revisit next to Home Energy Credits. TurboTax will first ask if you made any new energy-e... See more...
Follow these steps: Open to Federal Deductions & Credits. Scroll down to Your Home and click Start/Revisit next to Home Energy Credits. TurboTax will first ask if you made any new energy-efficient improvements in 2025. Select Yes (if you read the no it and and do not have a carryforward- so you must select yes) After all the new entry parts of the form it will ask "Home energy credit carryforward" or "Do You Have a Home Energy Credit to Carry Forward?" or "Residential Clean Energy Credit Carryforward." Depending on the program, you may just enter the carryover or you may need to click yes and then enter. Enter the amount from your 2024 tax return (specifically Line 16 of your 2024 Form 5695).
A child who earns $1,350 or more (tax year 2025) in "unearned income,” such as dividends or interest, needs to file a tax return.  If your child is required to file a tax return for unearned income, ... See more...
A child who earns $1,350 or more (tax year 2025) in "unearned income,” such as dividends or interest, needs to file a tax return.  If your child is required to file a tax return for unearned income, the IRS gives you the option of claiming the money on your return instead. There are certain restrictions, including a limit to the amount of money involved, and the tax you’ll owe may be greater than if your child filed an individual return, so you may want to test this in both returns.   Reporting the 529 distribution would not make a difference in either return, if funds were used for qualified expenses.   Here's more info on Reporting Dependent Income.   @kim_hung_lo 
Thank you, but all this was already done, and it doesn't help. The question is how do I pay taxes on the amount I converted from Traditional IRA (with previous balance) to Roth IRA in 2024 (I estimat... See more...
Thank you, but all this was already done, and it doesn't help. The question is how do I pay taxes on the amount I converted from Traditional IRA (with previous balance) to Roth IRA in 2024 (I estimated I shall pay about USD 1500 because traditional IRA had balance, am I correct?) ? When I input 1099 R my refund is decreased bu about USD 1600, so at this step it seems correct. When I input my after tax traditional IRA contribution for 2025 (new one, I am going to make it now and convert to roth IRA again) it adds that USD 1600 back, and I am not payimg taxes on my balance for converting part of Traditional IRA to Roth IRA for 2024. What shall I do? I wrote exactly what questions Turbotax is asking, what I am replying to them and when it adds USD 1600 back. What shall I do, please help
@foxstarfarm wrote: Thanks so much for verifying the issue and reporting it to the developers!   Thanks also for the possible workarounds.  I've been able to move past that page for now, and... See more...
@foxstarfarm wrote: Thanks so much for verifying the issue and reporting it to the developers!   Thanks also for the possible workarounds.  I've been able to move past that page for now, and will figure out how to correct the Tax ID on our printed/signed form.  Of course would be great it they can get a fix into the software by the time we go to file.    Thank you!!   If you haven't filed yet, the program seems to be updated to accept that type of EIN.  
yes, I do actually have to pay some back of the ACA insurance credit,  because my income (mostly generated by the Roth conversion - which is considered income) is way over  my declared estimated inco... See more...
yes, I do actually have to pay some back of the ACA insurance credit,  because my income (mostly generated by the Roth conversion - which is considered income) is way over  my declared estimated income.     But i hope i  can avoid any penalty for not paying withholding taxes for the Roth Conversion as long I pay all my taxes in full  by the tax deadline?   
If you forgot to enter the license code, please open the links below to see how to enter it in TurboTax Desktop.   How do I find my license code  How do I get started with TurboTax Desktop?  ... See more...
If you forgot to enter the license code, please open the links below to see how to enter it in TurboTax Desktop.   How do I find my license code  How do I get started with TurboTax Desktop?   ***Keep in mind that TurboTax Online versions usually don't use license codes.  
Why was my subtotal $157 but I was charged $164 to file my taxes?
If you have the TurboTax Desktop software installed on your computer you can do multiple tax returns with the same software. On the File menu (not the File tab) click "New Tax Return." Save each tax ... See more...
If you have the TurboTax Desktop software installed on your computer you can do multiple tax returns with the same software. On the File menu (not the File tab) click "New Tax Return." Save each tax return with a different file name. You cannot install more than one TurboTax Desktop product on the same computer. But the tag below your question says that you are using TurboTax Online, not TurboTax Desktop. If that's true, nothing is installed on your computer. You sign in to your TurboTax Online account in your web browser. A TurboTax Online account can only be used for one tax return. If you want to do another tax return you have to use a different account. If you do not already have another account that you can use, create a new account. You can have up to 5 accounts with the same e-mail address. If you try to do another tax return in the same account, the new tax return will overwrite the first one that you did, and the first return will be gone and not retrievable.  
I would like to submit a bug report.   - TurboTax version: Windows 11, Premier, Tax Year 2025   - To see the incorrect instructions, in TurboTax go to: Federal Taxes, Other Tax Situations, Other... See more...
I would like to submit a bug report.   - TurboTax version: Windows 11, Premier, Tax Year 2025   - To see the incorrect instructions, in TurboTax go to: Federal Taxes, Other Tax Situations, Other Return Info, Identity protection PIN, Update Were you assigned an Identity Protection PIN?: Yes Add your Identity Protection PIN   - Incorrect instructions (bad text in brackets): Enter the IP PIN issued for [tax year 2025]. Do not use an IP PIN from another year, or the IRS will reject your return.   - Reference the instructions at the IRS account login site, when getting your IP PIN online. They say: Your assigned IP PIN is ****** This IP PIN must be used when filing any federal tax returns during the current year (2026), including prior year returns. (Example: It must be used if filing for tax year 2025, 2024, and 2023)   - The incorrect instructions should likely read (good text in brackets): Enter the IP PIN issued for the [current year]. Do not use an IP PIN from another year, or the IRS will reject your return.   - When I used the IP PIN for the CURRENT YEAR, not the Tax Year, my tax return was accepted by the IRS.   Thanks! SteveF
After you entered the 1099R and entered the QCD amount did you keep going and answer the RMD questions?   You need the enter the same amount for the RMD questions.   And if you got more than 1 1099R ... See more...
After you entered the 1099R and entered the QCD amount did you keep going and answer the RMD questions?   You need the enter the same amount for the RMD questions.   And if you got more than 1 1099R you need to enter the amount from that box 1 as the RMD for that specific 1099R.  
Are you trying to enter your home loan interest 1098 form for Synergy One Lending?  If so, you can follow these steps:   Go to the Deductions & credits section in TurboTax online Go to the ... See more...
Are you trying to enter your home loan interest 1098 form for Synergy One Lending?  If so, you can follow these steps:   Go to the Deductions & credits section in TurboTax online Go to the Your Home section and click it to expand the section Select Mortgage Interest and Refinancing (Form 1098) by clicking Start (or Revisit) to the right of it Enter your Lender's name, then Continue For uncommon situations, click on the circle to the left of the answer that applies to you. On the Let's get the details from your 1098 screen, you can enter the amounts from your 1098 form in the appropriate boxes in TurboTax On the next screen, click Yes, this loan is secured by a property I own if this is your primary or second home. The next screen will ask if this is Primary or Second home or Other - click the appropriate circle to the left. Answer the question about whether you have paid points and if they have been claimed already. Click Yes on the next screen if this is the most recent for your loan Click the appropriate circle for the loan details on the next screen. If your question is why the home loan interest is not having an impact on your taxes, it is likely because the home loan interest and other itemized deductions are not enough to make itemizing deductions better for you than taking a standard deduction.  TurboTax automatically determines whether Itemized deductions or standard deductions are best for your tax situation.   If you have additional questions or need different information than what I provided, please reply back with as much detail as possible with the issues you are facing - this will help us to better help you.
token: 1339461. online version I followed the steps for backdoor ROTH with online version, filled 1099-R and selected converted all of it to ROTH IRA, but form 8606 was not triggered. line 4b still... See more...
token: 1339461. online version I followed the steps for backdoor ROTH with online version, filled 1099-R and selected converted all of it to ROTH IRA, but form 8606 was not triggered. line 4b still shows 14,000 same as line 4a can you please check
Follow these steps since something has a wrong answer and is throwing off the program:  Return to My Info or Personal Info.  Review your mailing address is a US state and not foreign. Did ... See more...
Follow these steps since something has a wrong answer and is throwing off the program:  Return to My Info or Personal Info.  Review your mailing address is a US state and not foreign. Did you live in another state? Check that Foreign or US Possession is not selected. Go to deductions and credits Select Child and other dependent Tax Credits Did (child) live with you in the US for more than half the year? This must be a yes when true. If no is selected, you are assumed to be a PR resident since asking for credit.
Hello, I am a resident of North Carolina and have a rental property in Florida. This rental property has always given losses. This year for the first time it generated a small profit. However a I ... See more...
Hello, I am a resident of North Carolina and have a rental property in Florida. This rental property has always given losses. This year for the first time it generated a small profit. However a I have carry over losses from previous years I dont have any gain from this property for 2025. Do I have to file a Florida State return even though I don't have any net income from this state? This is the only 'potential' source of income from FL.    Thank you,
If you need your Wage and Income information (which shows data from Forms W-2, 1099, 1098, and 5498) to prepare your tax return, you can get it instantly online via the IRS "Get Transcript" tool.  ... See more...
If you need your Wage and Income information (which shows data from Forms W-2, 1099, 1098, and 5498) to prepare your tax return, you can get it instantly online via the IRS "Get Transcript" tool.   You can request a copy of your 1040 tax return by completing Form 4506, Request for Copy of Tax Return.  There is a $30 fee for each tax return that you order.     Another option is to request a tax return transcript from the IRS.  The transcript shows your basic filing information and are free for the last three years after the IRS processed your return.   Refer to the IRS Taxpayers can request a copy of previous tax returns for more information.   Yes, it is recommended that you file the previous year's tax return before you file the current 2025 tax return.   You can connect with a local expert in person or have an expert file your taxes online using Connect with an expert who understands your unique tax situation. If you are filing your 2025 tax return at your local office, they can file 2024 and 2023 also but you must have all of your tax documents available.   [Edited 03/11/26| 2:28pm PST]   @user17732589188     
I haven't noticed this before but it doesn't seem to be effecting anything else.  The zeroes are there in my program this year as well.  They aren't effecting your ability to file or anything, correc... See more...
I haven't noticed this before but it doesn't seem to be effecting anything else.  The zeroes are there in my program this year as well.  They aren't effecting your ability to file or anything, correct?  Because they are just there for me.