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5 hours ago
there is no status at all on where the progress of my return is, it doesnt say anywhere that it is pending or that is has been transmitted to the irs
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5 hours ago
I need to amend my 2025 1040
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5 hours ago
It is automatic based on the date of birth you entered in MY INFO. It goes by your age at the end of 2025.
The “senior deduction” is added automatically by the software based on the date o...
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It is automatic based on the date of birth you entered in MY INFO. It goes by your age at the end of 2025.
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 deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
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
5 hours ago
it stated part of my overtime pay could be deducted?
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5 hours ago
Thank you. I will try to delete my state and re-do it. I have 118K in wins and 118K in losses, so, I should be able to deduct the entire amount. I have done this for many years and have never ha...
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Thank you. I will try to delete my state and re-do it. I have 118K in wins and 118K in losses, so, I should be able to deduct the entire amount. I have done this for many years and have never had an issue. you are allowed to deduct up to and equal to the amount of your gambling wins.
5 hours ago
1 Cheer
Even though the form is available, the very critical step-by-step instructions are still unavailable as of 1/27/2026.
5 hours ago
Yes, I understand that I don't get an additional $7500 credit in addition to the credit transferred to the dealer. However, you are required to report the credit on your tax return. Since Turbotax is...
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Yes, I understand that I don't get an additional $7500 credit in addition to the credit transferred to the dealer. However, you are required to report the credit on your tax return. Since Turbotax is incorrectly determining that I don't qualify for the credit, it is adding $7500 to the federal taxes I owe since it believes I need to repay the $7500 to the government.
5 hours ago
Tubrotax shows our standard deductin as 34,600 which is 31,200 plus 2 x 1,600. The number is correct as we are married filing jointly but I don't see a place where the $3,200 is added. This calcul...
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Tubrotax shows our standard deductin as 34,600 which is 31,200 plus 2 x 1,600. The number is correct as we are married filing jointly but I don't see a place where the $3,200 is added. This calculation or addition was previously shown separtely somewhere.
5 hours ago
BUT...you should wait for your refund, or pay the original balance due before amending....the processing of the original and it's Refund or Balance Due can't be stopped. ANNNNND>>' The 1040X for...
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BUT...you should wait for your refund, or pay the original balance due before amending....the processing of the original and it's Refund or Balance Due can't be stopped. ANNNNND>>' The 1040X form needed for amending is not supposed to be ready until on/after 19 FEBRUARY, so you really can't file the amended return until then. So come back to start to amend.....perhaps in early March.
5 hours ago
My husband and I purchased our home from his grandmother via land contract in Wisconsin this year. She, or rather the trust set up by her and her late husband, is acting as the lender in this land co...
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My husband and I purchased our home from his grandmother via land contract in Wisconsin this year. She, or rather the trust set up by her and her late husband, is acting as the lender in this land contract, so we have been making monthly payments to her with interest. Do I need to give her a 1099INT? If yes, can I do this myself or do I need to hire someone? If no, what do I provide her instead? I was thinking a summary of the monthly payments with a breakdown of total int. and princ. in case either party can use them on our tax return. I would really appreciate help with these questions and navigating this situation to get our taxes done correctly! Thank you!
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5 hours ago
No---sorry, if you already e-filed it is too late.
5 hours ago
1 Cheer
Once you finish your return, there is a survey and the developers do look at it and take it seriously so please fill that out. Sch C simply states IRA. In the NJ instructions, page 17 is Sch C. See ...
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Once you finish your return, there is a survey and the developers do look at it and take it seriously so please fill that out. Sch C simply states IRA. In the NJ instructions, page 17 is Sch C. See here. One per IRA makes more sense. The instructions for that section send you to yet another webpage, Retirement Income. References: NJ DOR NJ Retirement Income Exclusions
5 hours ago
And....are you certain the notice about this really came from her state and is not a scam? 2018 is a long time ago. Check with the state to make sure this is legit.
https://ttlc.intuit.com/turb...
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And....are you certain the notice about this really came from her state and is not a scam? 2018 is a long time ago. Check with the state to make sure this is legit.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
5 hours ago
I can not figure out how to start a new return on the 2024 software.
5 hours ago
Hi! I'm having the same problem. What is the fix?
5 hours ago
What if you were never given the option to apply for a loan? I’ve always used TurboTax and have received the loan in the past, but this year there wasn’t even an option to apply during the filing pro...
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What if you were never given the option to apply for a loan? I’ve always used TurboTax and have received the loan in the past, but this year there wasn’t even an option to apply during the filing process.
5 hours ago
Was rejected
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5 hours ago
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5 hours ago
Yes, you are correct. Here is how to enter.
Open (continue) your return in TurboTax
Go to federal>deductions and credits>estimate and other taxes paid
Foreign taxes >start
When you ...
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Yes, you are correct. Here is how to enter.
Open (continue) your return in TurboTax
Go to federal>deductions and credits>estimate and other taxes paid
Foreign taxes >start
When you reach the screen Do You Want the Deduction or the Credit? select the option you prefer for your situation
If you select Take a Credit:
Continue through the screens until it asks for income type. Here select passive income.
When you reach the screen Country Summary, select Add a Country. Add Puerto Rico
Other Gross income enter the gross amount of the pension.
Don't enter the expenses as this may negatively impact your Foreign Tax paid.
Foreign losses. You may wish to leave this blank.
Foreign taxes paid. Select the option that mentions foreign taxes paid on pensions etc.
Be sure to indicate the date these were paid
Answer the questions about your foreign income, taxes, and expenses on the following screens
When finished, you'll be taken back to the Country Summary screen. If everything looks correct, continue
Finish out the remainder of the interview.
Once this section is complete, a Form 1116 will be generated in the return and the foreign taxes paid will be properly reported.
@12StringJW
@ Oliver02