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Gifts given to family members, friends or other individuals are not deductible.   Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.   If you... See more...
Gifts given to family members, friends or other individuals are not deductible.   Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.   If your gift exceeds the yearly limit ($19,000 per individual)  imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax.   TurboTax does not support Form 709.  It is not an income tax form and would not be included as part of an income tax return.   Here is a link to the form: https://www.irs.gov/pub/irs-pdf/f709.pdf   https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N     Here's a link for Form 709 preparation software:  https://www.puritas-springs.com/product-category/federal   Here are some useful videos on the Form:   https://www.youtube.com/watch?v=a5wJow5h-No   https://www.youtube.com/watch?v=5Z_28sVOrTY  
Subscription to the Advantage plan---did you sign up to receive the 2025 desktop software which has just been released for download to Advantage members?   To cancel Advantage account https://tt... See more...
Subscription to the Advantage plan---did you sign up to receive the 2025 desktop software which has just been released for download to Advantage members?   To cancel Advantage account https://ttlc.intuit.com/community/downgrading/help/how-do-i-cancel-my-turbotax-advantage-subscriptio... If you get charged for the Desktop program but can't install it, Turbo Tax has a special offer to move to the Online version. See info at the bottom of this Windows 10 End of Life article…… https://ttlc.intuit.com/community/articles/community-news-announcements/turbotax-windows-10-desktop-...  
Financial institutions have removed 2024 data for import into tax software now---it is too late---we are in mid-November and you should have taken care of importing that data before now.   You can ge... See more...
Financial institutions have removed 2024 data for import into tax software now---it is too late---we are in mid-November and you should have taken care of importing that data before now.   You can get the information from the financial institution's website and key it in by hand now; you might have to enter summary information instead of individual transactions.   
Not sure what tax year you are trying to work on right now.   It is too late to e-file a 2024 or any other earlier year return.  And way too soon to try to file a 2025 return.   When you are in the F... See more...
Not sure what tax year you are trying to work on right now.   It is too late to e-file a 2024 or any other earlier year return.  And way too soon to try to file a 2025 return.   When you are in the FILE section of the software for the year you are preparing the return for, you can enter banking information for a direct deposit of your refund.     You have to go to Step 2 in the FILE section.   HOW TO CHANGE OR ENTER BANKING INFORMATION FOR REFUND https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/change-transferred-direct-deposit-information/L77NCbU6D_US_en_US?uid=m6tuh572     You cannot  change banking information while your return is in pending, nor can you change it after the return is accepted.  The IRS does not allow it.  
The federal IRS has nothing to do with your Georgia state refund.  You have to deal with Georgia for that. STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-... See more...
The federal IRS has nothing to do with your Georgia state refund.  You have to deal with Georgia for that. STATE RETURN Make sure your state return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/   To track your state refund:       ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0  
E-filing is permanently closed for 2024 or any other past years.  The only way to file your rejected return is by mail.   Print it, sign and date it in ink, and mail it to the state in an envelope.
simple answer: no.     personal gifts to other, regardless of the amount, are not tax-deductible, 
one of the entries asks how much is withheld per paycheck.  that response would include the extra withholding.     the next entry in the calculator asks for the federal withholdings year-to-date - ... See more...
one of the entries asks how much is withheld per paycheck.  that response would include the extra withholding.     the next entry in the calculator asks for the federal withholdings year-to-date - that would already include the extra withholdings.   this is on the 'income and withholding' screen    
for a reverse mortgage, there is no interest to be deducted annually as in most every case, the interest is not paid with cash money; it is just accrued as part of the loan balance.    when the hom... See more...
for a reverse mortgage, there is no interest to be deducted annually as in most every case, the interest is not paid with cash money; it is just accrued as part of the loan balance.    when the home sells and the reverse mortgage is paid off is when the interest can be deducted.
I called the IRS and they were of no help. I received one for last year but didn't get one this year. The state website said that I qualified but I never received anything.
This is quite typical when it comes to reverse mortgages. TurboTax thinks it will see a Form 1098 because most traditional mortgages generate deductible interest. However, the reverse mortgage does n... See more...
This is quite typical when it comes to reverse mortgages. TurboTax thinks it will see a Form 1098 because most traditional mortgages generate deductible interest. However, the reverse mortgage does not have interest to pay until the end of the loan, so normally there would be no 1098 issued.   If you do not have a Form 1098 to report mortgage interest, you can skip this section or enter "0" on the mortgage interest field so TurboTax can continue. It is not advisable to add false material so it would have acceptable information to work with, because you will create more errors later.   If you feel that you should still check into how reverse mortgage interest works, the reverse mortgage calculator - reverse.mortgage/calculator explains how your balance increases each month instead of you paying it off over time, so there is no Form 1098.
This is quite typical when it comes to reverse mortgages. TurboTax thinks it will see a Form 1098 because most traditional mortgages generate deductible interest. However, the reverse mortgage does n... See more...
This is quite typical when it comes to reverse mortgages. TurboTax thinks it will see a Form 1098 because most traditional mortgages generate deductible interest. However, the reverse mortgage does not have interest to pay until the end of the loan, so normally there would be no 1098 issued.   If you do not have a Form 1098 to report mortgage interest, you can skip this section or enter "0" on the mortgage interest field so TurboTax can continue. It is not advisable to add false material so it would have acceptable information to work with, because you will create more errors later.   If you feel that you should still check into how reverse mortgage interest works, the reverse mortgage calculator explains how your balance increases each month instead of you paying it off over time, so there is no Form 1098.
If you used Online TurboTax for 2024, you'll need a PDF of your 2024 return that includes all the worksheets.   One of the worksheets is called "Charitable Contributions Summary" that would have a li... See more...
If you used Online TurboTax for 2024, you'll need a PDF of your 2024 return that includes all the worksheets.   One of the worksheets is called "Charitable Contributions Summary" that would have a list of your cash and non-cash contributions as well as any contribution carryovers to 2025 (if you have any.)   This time of year is normally a limbo period for getting an online 2024 PDF since TurboTax folks are archiving the files, and the PDFs are normally temporarily unavailable while they undergo that process.   You can look to see if you can get it yet (mine is not visible yet.)   To do that, log in and go the Tax Home (it may open there.)   On the Tax Home page scroll down to the section "Your Tax Returns & Documents", and see if 2024 is listed among the tax years.
W11 is not needed if you use online. however, if you use desktop then your options are:  1) installing W11 on a W10 computer either as a virtual machine or on a partition of your hard drive or seco... See more...
W11 is not needed if you use online. however, if you use desktop then your options are:  1) installing W11 on a W10 computer either as a virtual machine or on a partition of your hard drive or second hard drive. These may not work for everyone. Instructions are available on the web. Some say that modifications to the W10 registry will allow you to install Turbotax 2025 on W10.  2)switch to online. see this thread for instructions https://ttlc.intuit.com/turbotax-support/en-us/help-article/uninstall-products/switch-turbotax-cd-download-turbotax-online/L4awg8jwG_US_en_US?uid=mhssmk02  3) buy a W11 computer. some W11laptops are pretty cheap.      4) bite the bullet and switch to a different app    anything suggested in 1) may void the Turbotax accuracy guarantee. Security may also be an issue
 generally, gifts are never deductible. the exceptions are those business related as follows: 1) business gifts of $25 per year per recipient. 2) items costing $4 or less that contain an imprint ... See more...
 generally, gifts are never deductible. the exceptions are those business related as follows: 1) business gifts of $25 per year per recipient. 2) items costing $4 or less that contain an imprint of the taxpayer's name and the item is one of a number of identical items the taxpayer widely distributes 3) signs, display racks, or other promotional materials used on the business premises of the recipient  4) incidental costs but only if it does not add substantial value to the gift 5) awards of tangible property costing $400 or less given to an employee for length of service or safety achievement. if the award is part of an established written plan that does not discriminate in favor of highly compensated employees the max is $1,600 annually per employer (not employee)     
I've used Turbotax for the past 8 years and want to continue with 2025 taxes.