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yesterday
TX has no state income tax so TX will not appear in some drop down menus. Leave it blank.
yesterday
On the refund advance loan!
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yesterday
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yesterday
I’m entering my taxes with the rude awakening that I no longer have a tool to calculate my charitable donations! TurboTax - how am I supposed to do my taxes if you don’t provide the necessary tools...
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I’m entering my taxes with the rude awakening that I no longer have a tool to calculate my charitable donations! TurboTax - how am I supposed to do my taxes if you don’t provide the necessary tools?! I suggest you bring this tool back immediately for this at the risk of losing customers for next tax season - including me.
yesterday
Please continue to check back as many sections are being updated.
TurboTax Online updates for new tax laws and other features, but they are done automatically in your web browser. You do not ha...
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Please continue to check back as many sections are being updated.
TurboTax Online updates for new tax laws and other features, but they are done automatically in your web browser. You do not have to manually update like in TurboTax desktop software.
If you are using TurboTax Desktop, you can manually check for updates for your TurboTax program by clicking on "Online" in the black bar near the top of your screen and selecting "Check for Updates."
You can also check for forms availability using this link click here.
If you have additional information or questions regarding this, please return to Community and we would be glad to help.
yesterday
@theady Sorry, Turbo Tax is right. On a joint return the phaseout is calculated separately for EACH person, so the 6% phases out for each spouse, making it effectively 12%. Fill out the actual ...
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@theady Sorry, Turbo Tax is right. On a joint return the phaseout is calculated separately for EACH person, so the 6% phases out for each spouse, making it effectively 12%. Fill out the actual IRS SCH 1-A by hand to check….
yesterday
At this point we should be submitting feedback to: https://investors.intuit.com/corporate-governance/conduct-and-guidelines/contact-the-board/default.aspx. This is embarrassing product quality and fl...
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At this point we should be submitting feedback to: https://investors.intuit.com/corporate-governance/conduct-and-guidelines/contact-the-board/default.aspx. This is embarrassing product quality and flat out refusal to change. STILL Intel only... Intuit and their software developers should feel shameful for releasing this. TurboTax 2025 on macOS is still Intel-only, pushing Apple Silicon users onto Rosetta. Apple’s one‑page playbook for Universal binaries has existed since 2020. This results in slower launches, higher memory usage, and avoidable issues on modern Macs. Xcode 12.2+ includes arm64 in Standard Architectures and will output a Universal app for release builds. Intuit, please ship a Universal build and publish a timeline. Apple has documentation for Universal binary, it is straightforward and easy to follow.... Apple’s official guidance explains how to build a Universal macOS binary that runs natively on both Apple Silicon (arm64) and Intel (x86_64). In Xcode 12.2 and later, Standard Architectures already include arm64, and release builds produce Universal binaries when projects use standard settings. Apple also states you can build Universal on either an Intel or Apple Silicon Mac. Apple’s companion ‘Porting your macOS apps to Apple silicon’ document notes that opening your project in Xcode 12+ and doing a clean build will create a Universal binary automatically if you haven’t overridden architectures. If you use custom build systems, add arm64 and verify. This is a routine workflow, not an R&D project. For non‑Xcode workflows, developers can build arm64 and x86_64 artifacts separately and combine them with the lipo tool into a single Universal binary—widely documented and used across the macOS ecosystem. Sources! Building a universal macOS binary — Apple Developer Documentation Porting your macOS apps to Apple silicon — Apple Developer Documentation https://amazingalgorithms.com/commands/lipo-macos/
yesterday
I know this has been discussed before but I can't seem to find a definitive answer for my situation. This past June 2025, one of my small rental homes was hit with 100 mph winds and heavy rain. 1/4...
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I know this has been discussed before but I can't seem to find a definitive answer for my situation. This past June 2025, one of my small rental homes was hit with 100 mph winds and heavy rain. 1/4 of the asphalt roof material was ripped off and subsequent rain damaged the interior in 2 rooms of the home. The roof was totaled by the insurance company. The insurance claim established the roof replacement cost to be $7,000 to get it back to original material/condition. However, they applied $1,500 age depreciation so the actual cash value of the roof was $5,500. The roof was only covered for ACV. The interior damage was set at $3000 and was covered at full replacement cost. In addition, there was a $2,500 deductible for the entire loss. So my total compensation from insurance was $6,000 ($5500 roof + $3000 interior - $2500 deductible). However, the total repair/replacement costs were $13,000. Interior repair cost was the $3000 and everything was returned to original condition with no upgrades. The roof was a different story. Due to code changes, the roof substructure did not meet code and had to be redecked with new plywood at a cost of $2500. In addition, instead of replacing with the same asphalt roofing material, I upgraded to a metal roof. So total roof replacement cost was $10,000. For reference, the original base value of the dwelling was $30,000 and has been in service as a rental for 6 years. I have no breakout of how much the roof was worth in this original cost basis. Question is how do I handle all of this for taxes? I am assuming that I do nothing related to the interior. Repair/replacement cost was $3000 and insurance paid me $3000. No upgrades were done. So I assume a wash. As for the roof, I didn't want to mess up the existing depreciation calculations on the dwelling, so was going to add a new roof as a separate item with a cost basis of $4500 ($10,000 cost - $5,500 ACV of the existing roof). I would start depreciating this new roof item in 2025 at 27.5 rate. As for the $2500 deductible, could I then deduct that as an expense in 2025? Or do I need to apply that to the roof basis and depreciate it over 27.5 years. Again, my total out of pocket for this loss was $7000 ($4500 roof upgrade + $2500 deductible). Thanks in advance for any assistance.
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yesterday
Enter the 1099-R manually. That will take a lot less time and effort than trying to figure out why importing is not working.
yesterday
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yesterday
The desktop Turbo Tax is not computing the enhanced senior deduction correctly for married filing jointly. It should calculate the MAGI over $150,000 and subtract 6% of that amount from $12,000. Howe...
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The desktop Turbo Tax is not computing the enhanced senior deduction correctly for married filing jointly. It should calculate the MAGI over $150,000 and subtract 6% of that amount from $12,000. However, the current logic is subtracting that 6% over the $150,000 from each eligible senior, or effectively doubling the amount of the reduction. Example: Assume total MAGI of $214,000. The reduction would be $214,000 - $150,000 =$64,000.00 x .06 =$3,840.00 reduction. That would reduce the joint enhanced deduction to $12,000 - $3,840 = $8,160. However, the Turbo Tax tool is subtracting $3,840 from each eligible’s $6,000, leaving an enhanced senior deduction per eligible of $2,160 for a total joint enhanced deduction of only $4,320. A $3,840 understatement of the allowed deduction. I’m trying to connect with Turbo Tax to see if they are working on fixing this.
yesterday
Since you got pushed into the Online version were you able to go back and use the Desktop program? We haven’t heard if or how that works. Did you get your Online return moved over to the Deskto...
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Since you got pushed into the Online version were you able to go back and use the Desktop program? We haven’t heard if or how that works. Did you get your Online return moved over to the Desktop program? FYI - Heres some info on the Online version….. The Online web version is different than the Desktop CD/Download program you install. The pricing structure is totally different. Online is only for the current year. You pay to prepare the return whether you efile or print and mail. Efiling is free and included in all versions. And state is a separate additional charge in Deluxe and above. Oh and Online is only good for 1 Account and 1 return. In the Online versions you have to use a higher versions to enter certain types of income like investments and self employment. Online you can’t see the actual forms like the Desktop program until you pay. You can access an online return from any computer and device. Your return is stored at Turbo Tax. So be sure to download the pdf and .tax files to your computer when you are done or you may not be able to access it when you need a copy. Or if you ever need to amend.
yesterday
On the screen that lists the care provider, click the button that says "Add Provider." See the screen shot below.
yesterday
Per Google AI, Yes, you can make 2025 tax-year contributions to an HSA opened in January 2026, provided you were enrolled in a qualifying High-Deductible Health Plan (HDHP) during 2025. These contrib...
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Per Google AI, Yes, you can make 2025 tax-year contributions to an HSA opened in January 2026, provided you were enrolled in a qualifying High-Deductible Health Plan (HDHP) during 2025. These contributions must be made by the tax filing deadline, typically April 15, 2026, and cannot exceed 2025 limits ($4,300 self/$8,550 family, plus $1,000 for age 55+). Lot of money can go in; sadly no tax savings because son's federal tax is zero, thanks no tax on tips. HSA is an deduction not a credit.
yesterday
If you feel that you need someone to review your taxes in TurboTax, the you can upgrade to or use TurboTax Live. TurboTax Live allows a tax expert to review your return, offer you advice, and sign yo...
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If you feel that you need someone to review your taxes in TurboTax, the you can upgrade to or use TurboTax Live. TurboTax Live allows a tax expert to review your return, offer you advice, and sign your return.
If you are using a standard version of the TurboTax program, you can generally upgrade to a "Live" version at any point in the process to get this feature.
If you are using a Desktop version of TurboTax you can select a Live Review to have a professional review your tax return information.
You can access this in the "Review" section (this is near the end of the filing process) of TurboTax, or you can choose "Full Service" to have a professional complete your return from start to finish.
Click here for What if I need my return completely reviewed?
Click here for TurboTax Full Service.
yesterday
Yes, If you're referring to the senior benefit for married couples. It was claimed to be no tax on Social Security. That is not quite true. Social Security is still being taxed as it was in the...
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Yes, If you're referring to the senior benefit for married couples. It was claimed to be no tax on Social Security. That is not quite true. Social Security is still being taxed as it was in the past; however, there's a new $6,000 deduction for individuals older than 65 years old. Also, a $12,000 deduction would apply to couples who qualify. This deduction is for qualified individuals. Age: You must be 65 or older by the end of the tax year (e.g., born before Jan 2, 1961, for 2025 returns). Income Limits: Your Modified Adjusted Gross Income (MAGI) must be below certain thresholds (e.g., $175k single, $250k joint for 2025), with Deductions phasing out above those levels. Benefit: Up to $6,000 (single) or $12,000 (joint) Additional standard deduction to reduce taxable income. Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers). The full taxable amount is included in your gross income on Form 1040; however, the Senior Deduction is reflected on line 13b. It is reflected on Schedule 1A, Part V, Line 37 For more information, see Deductions for Seniors. VolvoGirl has a screen shot of where the deduction occurs.
yesterday
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if ag...
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If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
yesterday
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. (And…the new...
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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. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
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