All Posts

@GabiU I have sent the file - the token is nine one three zero three five two one seven nine four nine two nine three six dash zero one six three six nine nine six (sorry, but if I use digits, your AI screen thinks I am entering a phone number). 9130352179492936-01636996 (restored) There was no ability to add a message with the file, it just provides the token in the desktop version I am using. The file I sent has the correct info for the Gross Distribution and RMD in the IRA section and then has the 25% penalty backed out by selecting the 'appeal the penalty option'. I also checked my return in TurboTax desktop 2024 and this IRA Penalty issue wasn't present there.

Per IRS instructions: "Enter the number the Marketplace assigned to the policy. If the policy number is greater than 15 characters, enter only the last 15 characters."   For more information, Please see IRS Pub. 2025 Instructions for Form 1095-A here.   @c-hernandez70-mm 

The RMD amount is just the minimum that must be withdrawn each year.  IRC 151(d)(5)(C) makes no mention of an annual adjustment. So the safe thing would be to assume the same (MAGI) limitations will apply in 2026 However, the IRS has already announced changes for 2026/ see this webpage, though none affect MAGI https://www.kiplinger.com/taxes/new-tax-brackets-set      the desktop version have a what-if section for 2026. Don't know about online or their accuracy

Please explain.   Do you mean the W-2 your employer issued to you is incorrect?   If so, you have to sort that out with your employer and you might need a corrected W-2 from the employer.   Or do you mean the information from your W-2 was entered into the software incorrectly?  Did you key it in by hand, snap a photo, or import it?   If your information imported incorrectly, go in and make corrections by hand, box by box by looking at the W-2 you received from the employer.

Do you not see the option?  When you get to the screen that says, "Get your federal refund faster" and it gives the option of Fast deposit to Credit Karma or a bank account, select "No thanks". The next screen is "How would you like to receive your federal refund?" If you are eligible for the Refund Advance, you will see this as an option.   The Refund Advance is not available to everyone.    Here are a couple things to check: If you are using a TurboTax partner affiliate link to use the software, the Refund Advance will not be available. If you select the 5 Day Early Refund Delivery, you will not see the Refund Advance option, but you can return to the refund selection page and find all the options listed. See this resource for more information:  Offer details and disclosures for the Refund Advance  program   Refund Advance Eligibility Here are some of the eligibility requirements to qualify for a Refund Advance loan: You’re 18 or older Your expected federal refund amount is $500 or more You’re not a resident of North Carolina, Connecticut, or Illinois You’re e-filing your federal tax return with TurboTax Your physical address is listed on your tax return. Your address must be located in one of the eligible states and can’t be a PO box or prison address You’re not filing one of these tax forms: 1310, 4852, 4684, 4868, 1040SS, 1040PR, 1040X, 8888, or 8862 You aren’t filing on behalf of a deceased taxpayer You must report income on a Form W-2, 1099-R, or Sched C You must open or have an existing Credit Karma Money™ checking account

Yes, you can prepare 1099-MISC forms while using TurboTax Business. You will see an option on your home page when start to work on your return or start a new return that says Create 1099/W2 that you can click on to take you to Quick Employer forms, where you can complete and e-file the forms.        

If you received dependent care benefits that you exclude or deduct from your income (such as a contribution to a Dependent Care FSA), you must subtract that amount from the dollar limit that applies to you.   For one child. the dollar limit of child care is $3,000 and as you already have $5,000 of FSA, you are no longer eligible for the child and dependent care credit.   Please read this IRS publication page 12, for more information.