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2 weeks ago
Phone support is not provided with the Free Edition. If you are using a paid version of the software or if you purchased PLUS you can get phone support when customer support is there. Otherwise, po...
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Phone support is not provided with the Free Edition. If you are using a paid version of the software or if you purchased PLUS you can get phone support when customer support is there. Otherwise, post your question here and someone will try to help.
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
2 weeks ago
If you are a business, you can deduct ordinary and necessary expenses. (There are several different ways of organizing the business and all of them can deduct ordinary and necessary expenses.)
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If you are a business, you can deduct ordinary and necessary expenses. (There are several different ways of organizing the business and all of them can deduct ordinary and necessary expenses.)
However, if you are doing this as a W-2 employee or a hobby, you can't deduct expenses.
2 weeks ago
Only if you are filing business 1099 self employment/independent contractor income on Schedule C. If you only get W2 employee income it is not deductible.
2 weeks ago
Sorry----the deadline has passed for getting stimulus checks which were issued for tax years 2020 and 2021. It is too late. There have been no other federal stimulus checks after 2021.
2 weeks ago
I bought about $10,000 tools from snap on and cornwell for automotive work on my own accord. I’m wondering if I can claim these tools to get money back?
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2 weeks ago
1 Cheer
No date yet---but 2025 online software comes out in early December, so probably then for 2025 Tax Caster.
2 weeks ago
No. It is 6,000 for each spouse over 65. The maximum deduction is $6,000 for each person 65. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filin...
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No. It is 6,000 for each spouse over 65. The maximum deduction is $6,000 for each person 65. The phaseout is 6% of the amount by which MAGI exceeds $75,000 for single or $150,000 for married filing jointly (MFJ). The MAGI is normally the same as your AGI but with Foreign added back in. On a joint return the phaseout is calculated separately for each person, so the 6% phases out $6,000 for each person. This deduction is intended to provide tax relief for seniors and is in addition to the existing standard deduction. Expires December 31, 2028. Here's a spreadsheet I made......
2 weeks ago
Phone support is not provided with the Free Edition. If you are using a paid version of the software or if you purchased PLUS you can get phone support when customer support is there. Otherwise, po...
See more...
Phone support is not provided with the Free Edition. If you are using a paid version of the software or if you purchased PLUS you can get phone support when customer support is there. Otherwise, post your question here and someone will try to help.
To call TurboTax customer support
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh
2 weeks ago
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2 weeks ago
For the 2025 tax year, a married couple filing jointly where both spouses are 65 or older may be able to claim a total deduction of up to $46,700, combining the regular standard deduction with two se...
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For the 2025 tax year, a married couple filing jointly where both spouses are 65 or older may be able to claim a total deduction of up to $46,700, combining the regular standard deduction with two separate senior deductions.
The deduction consists of three parts:
Regular Standard Deduction: $31,500 for married couples filing jointly.
Existing Additional Standard Deduction for Seniors: $1,600 per qualifying spouse. If both are 65 or older, this is an additional $3,200 in total ($1,600 x 2).
New Temporary Senior Deduction: A new deduction of up to $6,000 per eligible individual is available for tax years 2025-2028. If both spouses qualify, this is an additional $12,000 in total ($6,000 x 2).
Eligibility and Income Limits
To be eligible for these deductions:
A person is considered to be age 65 on the day before their 65th birthday, so you must turn 65 on or before December 31, 2025.
The new $6,000 senior deduction is subject to income limits. It begins to phase out if your Modified Adjusted Gross Income (MAGI) is over $150,000 for married couples filing jointly and is completely phased out at $250,000.
The existing additional standard deduction (the $1,600 per person amount) does not have an income limit and can be claimed regardless of income level.
The new $6,000 bonus deduction can be claimed even if you itemize deductions, unlike the existing additional standard deduction which is for those taking the standard deduction.
2 weeks ago
I have a question concerning bad debts write-offs. I had a small claims judgement for expenses incurred and not reimbursed against a corporation. I just found out that the claim will be non-collectib...
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I have a question concerning bad debts write-offs. I had a small claims judgement for expenses incurred and not reimbursed against a corporation. I just found out that the claim will be non-collectible as the corporation filed as closed a few months ago, and the owner has left the Country. The judgement was for costs of the suite and personal financial losses. Can this be claimed as a bad debt write-off?
2 weeks ago
1-800-446-8848
2 weeks ago
See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US?uid=lfgviwbm
2 weeks ago
2 weeks ago
2 weeks ago
So, if im reading this correctly, it's $6000 for a 2 senior household and NOT $6000 each senior... is this correct?
2 weeks ago
Did not get any answer
2 weeks ago
Thank you for your assistance. I would like to clarify the basis of the asset in question. Given that the property is over 50 years old, the Indian Government acknowledges the difficulty in accurate...
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Thank you for your assistance. I would like to clarify the basis of the asset in question. Given that the property is over 50 years old, the Indian Government acknowledges the difficulty in accurately determining its original price. As such, the basis for valuation has been set to the property's worth on April 1, 2001. Typically, indexation would commence from this date. As we discussed and agreed, we will not be applying indexation. However, I would like to confirm if we can still use April 1, 2001, as the basis for the property's valuation, especially since it was transferred via a gift deed prior to her grandfather passing.
2 weeks ago
Just downloaded the 2025 Home & Business Windows Desktop version. I am getting a message whenever I try to edit/update anything in the step by step. I am cannot use my TurboTax; there is no way to up...
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Just downloaded the 2025 Home & Business Windows Desktop version. I am getting a message whenever I try to edit/update anything in the step by step. I am cannot use my TurboTax; there is no way to update any data. The message says: We recommend you revisit the last topic you were working on to make sure all your info's correct. But when I close that message or hit OK, it still comes up no matter if I go back to what I was doing before and try to update a new area.
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