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Monday
The IRS has not even announced when they will open e-filing for the season, usually it is the last week of January. So even if Turbotax did allow you to file early, it will just on a server somewher...
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The IRS has not even announced when they will open e-filing for the season, usually it is the last week of January. So even if Turbotax did allow you to file early, it will just on a server somewhere until the IRS opens. Turbotax can't e-file until the forms are approved by the IRS. As the IRS has a lot of changes this year, there might be delays even with simple returns. And if you have children, the IRS might have created a rule that tax providers can't file until form 4547 is ready, even if some taxpayers don't want to use it.
Monday
Maybe you are waiting for some forms. Click Review to see if you are missing some forms needed in order to e-file.
Many federal and state forms are not yet available. Check here for form avai...
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Maybe you are waiting for some forms. Click Review to see if you are missing some forms needed in order to e-file.
Many federal and state forms are not yet available. Check here for form availability. The dates are subject to change.
Tax form availability tool
Be patient.
IF you e-file now, your return will go into “pending” until the IRS starts to accept/reject returns in late January. You cannot make any changes while the return is on the server. The IRS will start to accept/reject 2025 e-files on January 26. And….a state return cannot be accepted until after the IRS accepts your federal return.
Monday
Sorry---if you already e-filed it is too late to seek the refund advance loan.
Monday
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Monday
I would like to speak with someone about reviewing my 2023 tax return.
Monday
I have never seen this happen before and I have used TurboTax for over 50 years. Perhaps they have fallen victim to hiring DEI employees rather than those who can actually do the work.
Monday
Every version of desktop download software includes all of the same forms and schedules. Some have not yet been finalized and might need software updates that are scheduled over the next couple of ...
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Every version of desktop download software includes all of the same forms and schedules. Some have not yet been finalized and might need software updates that are scheduled over the next couple of weeks.
Monday
We (my wife and I) have a marketplace plan. Our dependent daughter who goes to school in another state, has a separate marketplace plan. According to the instructions for college students on health...
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We (my wife and I) have a marketplace plan. Our dependent daughter who goes to school in another state, has a separate marketplace plan. According to the instructions for college students on healthcare.gov website, (1) we filed an application with all household info and indicated she is a dependent not seeking coverage and (2) she filed an application with all household income and naming us as the tax filers. The computation of the premium tax credits for each of us looked correct based on overall household income. We received a Form 1095-A for our plan listing us as tax filers (so far so good) BUT her Form 1095-A lists her on Part I, line 4, which seems wrong to me. I'm certain we prepared her marketplace application indicating she was a dependent and listing me as tax filer. What do I do?
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Monday
Does the 2024 Deluxe download version include Schedule D Capital Gains and Losses
Monday
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 o...
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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 above certain incomes.
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
Monday
@1421windsong wrote:
VA for 9 months. Worked full time NH only for 1.5 months before my next job started. Was just stating my bank and license still here (no car). TY
I'm still not s...
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@1421windsong wrote:
VA for 9 months. Worked full time NH only for 1.5 months before my next job started. Was just stating my bank and license still here (no car). TY
I'm still not sure that's clear. We need to talk about the concept of domicile. Your domicile is your permanent or main residence. You can only have one domicile at a time. You can be away from your domicile for a long time, even years, without changing your domicile. It depends on facts, circumstances and intent. There is no single factor that determines where your domicile is located, it depends on a combination of factors including things like where you own a home or have a long term lease; where you are registered to vote; where your significant social relationships are located like church and clubs; where your significant professional relationships are located like your primary care doctor, dentist, attorney; where you intend to return after any temporary assignments; and so on. To establish a new domicile, you have to take active steps to abandon your former domicile. You could change domiciles 3 times in one year, if that was your intent. Or, you might move around on temporary assignments, with the intention of returning to your original domicile at the end of the assignment.
This is important because you said you moved "back" to NH, and then you moved to CA but kept some documents in NH. (Although that by itself is not enough to establish that you maintained your NH domicile or moved your domicile to CA. It depends on all factors.)
So I return to my original question, phrased slightly differently. Where was your domicile at each period of the year? Were you always domiciled in VA, changed your domicile to NH, then changed your domicile again to CA? Or something else?
Monday
The forms mode for turbo tax online does not have form 1099-R. When will it be available
Monday
I believe I read somewhere that the section was supposed to be ready by February but likely sooner. Who knows?
Monday
Thank you for your detailed reply. I have the following questions regarding your reply: "I suggest you first gain clarity as to if the student is your dependent. If they are, you can still "Not c...
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Thank you for your detailed reply. I have the following questions regarding your reply: "I suggest you first gain clarity as to if the student is your dependent. If they are, you can still "Not claim" them, however they still cannot claim themselves. They can file a tax return as a dependent whether they are claimed by someone or not." Does this mean that even though the student qualifies for my dependent, I don't have to claim him (if I decide to do so)? The reason is that my son will have a full time job from June to December and will have an regular income. Hence, he will need to file a tax return. If I claim him as a dependent, then when he files his own tax return and indicates that "someone can claim him as a dependent", will he still be qualify for the standard deduction on his tax return? In your reply: "If the student is your dependent, but your income will not allow you an education credit, you do have the option of "not claiming" the student in which case the student can file (as a dependent) and be eligible for the "NON-REFUNDABLE" portion of an education credit." What is the NON-REFUNDABLE portion of the education credit? Does it matter if the 529 fund is paid to my name and then I make the tuition payment from my account?
Monday
1 Cheer
Thank you! I’m not sure why, but I finally got the prompt that I was looking for after entering her info again and it gave me the proper filing status.
Monday
If I input my 1099 R into the "forms" mode on desktop Windows version of Home and Business, will it be available when Turbotax updates their software?
Monday
When will Schedule H be ready for use? I got an email that it was ready but the interview still shows it is not yet ready. I"m in a credit reduction state so I'd like to make sure it's really ready...
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When will Schedule H be ready for use? I got an email that it was ready but the interview still shows it is not yet ready. I"m in a credit reduction state so I'd like to make sure it's really ready this year, having had issues in the past.