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yesterday
I just started my 2025 Tax returns and this is my first question. In Deductions, the software for the first time proposed itemized deductions instead of standard deductions in more than a decade of m...
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I just started my 2025 Tax returns and this is my first question. In Deductions, the software for the first time proposed itemized deductions instead of standard deductions in more than a decade of my tax return filing. Is this due to the recent tax law changes on SALT deductions raised from 10 k to 40 K ?
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yesterday
Wish we knew what state he is from. If you are claiming him as a dependent on your own return (which is what parents of college students may do) then living away at school is a "temporary absence" ...
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Wish we knew what state he is from. If you are claiming him as a dependent on your own return (which is what parents of college students may do) then living away at school is a "temporary absence" and you say he lived at home with you on your own return. So he can file a return for the "home" state but FIRST he has to prepare a return for the NON-resident state where he attends school. Since he had no tax withheld, he will not get a refund. There are several states with no income tax, and several with reciprocal agreements---so that may come into play. Going forward----alert him that he is not exempt from paying tax.
yesterday
Was the disability pay taxable? If not,you get no deduction for repayment. If taxable, what year were they included in income becuase that determines how to calculate the tax benefit from repayment
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Was the disability pay taxable? If not,you get no deduction for repayment. If taxable, what year were they included in income becuase that determines how to calculate the tax benefit from repayment
yesterday
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yesterday
You cannot change the tax year. The current online program is for 2025 only. Only a 2025 return can be prepared online and only a 2025 return can be e-filed.
Online preparation and e-filing...
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You cannot change the tax year. The current online program is for 2025 only. Only a 2025 return can be prepared online and only a 2025 return can be e-filed.
Online preparation and e-filing for 2022, 2023, and 2024 is permanently closed.
Note: The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac. It cannot be used on a mobile device.
To file a return for a prior tax year
If you need to prepare a return for 2022, 2023, or 2024 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
https://turbotax.intuit.com/personal-taxes/past-years-products/
You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.
Remember to prepare your state return as well—if you live in a state that has a state income tax.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.
Federal and state returns must be in separate envelopes and they are mailed to different addresses. Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.
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
yesterday
not if you are an employee.
an independnet contractor reports them in the section for vehicle expenses based on the tax form used to report the IC income.
yesterday
COMMUTING EXPENSES
The expenses of commuting to and from work (or to and from school) such as gas, tolls, bus fare, train fare, taxis, Uber rides, parking, etc. are not deductible on your federal r...
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COMMUTING EXPENSES
The expenses of commuting to and from work (or to and from school) such as gas, tolls, bus fare, train fare, taxis, Uber rides, parking, etc. are not deductible on your federal return. Sorry.
yesterday
You could also try getting the 2021 forms from the state to prepare by hand and mail in. You will need information from your q2021 federal return.
https://ttlc.intuit.com/turbotax-support/en-...
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You could also try getting the 2021 forms from the state to prepare by hand and mail in. You will need information from your q2021 federal return.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
yesterday
Income from two states, NYS is taxing him on money earned in Mass after he moved out of NYS. Why?
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yesterday
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yesterday
Mine did the same thing don't think I'll be using turbo tax next year
yesterday
The amounts come from Form 1095-A (Affordable Care Act/Obamacare).
You can get the form https://www.healthcare.gov/login
There are no %s unless you are doing a policy allocation. A policy alloc...
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The amounts come from Form 1095-A (Affordable Care Act/Obamacare).
You can get the form https://www.healthcare.gov/login
There are no %s unless you are doing a policy allocation. A policy allocation means that at least one person on the 1095-A is not being claimed on your tax return. This can occur when both spouses are covered under a plan but choose to file separate returns, or when a dependent is listed when applying, but is not included on your return when filing
yesterday
Software is no longer available from TurboTax to prepare a 2021 return, nor would it be supported or provided with updates even if you find it on eBay etc. Any refund from tax year 2021 has already...
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Software is no longer available from TurboTax to prepare a 2021 return, nor would it be supported or provided with updates even if you find it on eBay etc. Any refund from tax year 2021 has already been forfeited but if you owe tax due, you owe with late filing penalties and interest.
Seek local paid tax help or google other tax software that might still provide 2021 software. And...the return can only be filed by mail.
yesterday
My son is a an out of state student at Virginia Tech and worked part-time on campus last summer. Before he started working, he mistakenly claimed to be exempt from Virginia state income tax for 2025....
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My son is a an out of state student at Virginia Tech and worked part-time on campus last summer. Before he started working, he mistakenly claimed to be exempt from Virginia state income tax for 2025. Therefore, no VA state taxes were deducted from his paychecks. His income was only around $1900 for the summer since most of his work was unpaid. Is there any action needed to correct this situation, we believe he should not have claimed to be exempt before he started working, and would like to resolve any issues that may later arise.
yesterday
What do you think Schedule R has to do with income you are receiving from CA? Schedule R is used for a credit for the elderly and disabled.
There is a federal credit for the Elderly and D...
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What do you think Schedule R has to do with income you are receiving from CA? Schedule R is used for a credit for the elderly and disabled.
There is a federal credit for the Elderly and Disabled which is so small that very few people benefit from it—-it has not been updated/increased by Congress for decades.
ELDERLY OR DISABLED CREDIT https://www.irs.gov/help/ita/do-i-qualify-for-the-credit-for-the-elderly-or-disabled
yesterday
I’m having the hardest time trying to file my 2121 taxes. The FTB has contacted me saying I didn’t file my taxes for the state. I have until 1/28/2026 to get this done. I’ve tried everything. Can som...
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I’m having the hardest time trying to file my 2121 taxes. The FTB has contacted me saying I didn’t file my taxes for the state. I have until 1/28/2026 to get this done. I’ve tried everything. Can someone please help me?