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Friday
He did turn 17 last year. That makes sense. Thanks!
Friday
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...
See more...
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.
Friday
I am retired and only have social security and a 401K. What version of Turbo Tax should I use? Can I use the free Turbo Tax?
Friday
Is that your 16 digit license code that you just posted to the whole internet?
This is a public web site that can be seen by anyone—including scammers and would-be identity thieves who would love t...
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Is that your 16 digit license code that you just posted to the whole internet?
This is a public web site that can be seen by anyone—including scammers and would-be identity thieves who would love to contact you and pretend to be from TurboTax. Please remove the personal information you posted here ASAP by returning to your post and clicking the three little blue dots on the upper right to edit your post.
Friday
I am having the same problem in transferring data from 2024 return. When I click on .tax2024 nothing happens, then when I try to "find it on my computer" all previous returns a light/shaded, not bol...
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I am having the same problem in transferring data from 2024 return. When I click on .tax2024 nothing happens, then when I try to "find it on my computer" all previous returns a light/shaded, not bold so they are unaccessable. I think something is wrong with program if this is a common problem.
Friday
If tips have already been included in Box 1 of your W-2, they are not "unreported" tips. Are the tips listed in Box 7 of your W-2?
Friday
[Removed] tax expert advice 2025
Topics:
Friday
Deduction--not a credit.
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 F...
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Deduction--not a credit.
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
Friday
I did work and got a W-2. It was our ton of medical expenses.
Friday
2025 senior citizen tax credit
Topics:
Friday
I did have medical deductions. We had a ton of medical this year. I can assign that to my husband and should be okay then. Thanks.
Friday
In my opinion, if you are going to an in-person tax preparer, you are usually better off going to a preparer that is not part of a "chain" of stores. Knowledge and service are usually better at non-...
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In my opinion, if you are going to an in-person tax preparer, you are usually better off going to a preparer that is not part of a "chain" of stores. Knowledge and service are usually better at non-chain businesses, and price is often comparable (or in some cases, less). Ask your friends and family for recommendations, and ask them WHY they recommend that particular person.
Friday
Hello, I do have a contractor who use to do some works for my small business overseas and he is living in UAE, I want to file 1099 (as I paid him for work done for my business). He does not have a U...
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Hello, I do have a contractor who use to do some works for my small business overseas and he is living in UAE, I want to file 1099 (as I paid him for work done for my business). He does not have a US address now, the question is which address to put in the 1099? Since he is filling his taxes as non US resident.
Friday
The income must be "qualifying" income. Typically only earned income (e.g. wages), unemployment and retirement income are qualifying income. Interest, dividends, capital gains and rental income do no...
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The income must be "qualifying" income. Typically only earned income (e.g. wages), unemployment and retirement income are qualifying income. Interest, dividends, capital gains and rental income do not count. (the latest instructions {2019-2025, maybe earlier] say everything is qualifying except those 4 items)
From the instructions:
To qualify for this credit, you and your spouse must each have at least $500 of qualifying income and jointly file your return. "Qualifying income" is any amount included in Ohio adjusted gross income, other than the following: ●Interest; ●Dividends and distributions; ●Capital gains; AND ●Rents and royalties
Friday
Do I need to enter information separate from my w-2s about Detroit tax? TurboTax is saying that I owe a Detroit tax but I'm not sure how when I work a full time legitimate job that takes out taxes.
Topics:
Friday
https://turbotax.intuit.com/local-tax-experts/how-it-works/
Friday
Is it Social Security disability? When you file a joint return all of the income for both spouses must be entered. Your spouse's income might be causing some of your SS to become taxable. But if ...
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Is it Social Security disability? When you file a joint return all of the income for both spouses must be entered. Your spouse's income might be causing some of your SS to become taxable. But if you file married filing separately, 85% of SS automatically becomes taxable.
TAX ON SOCIAL SECURITY
Up to 85% of your Social Security benefits can be taxable on your federal tax return. There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits. When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable.
What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2021 it was $18,960. For 2022 it was $19,560 — for 2023 $21,240) For 2024, $22,320. For 2025 it will be $23,400; 2026 $24,480
After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare. If you work as an independent contractor then you will pay self-employment tax for Social Security and Medicare.
To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2024 Form 1040
https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable
You need to file a federal return if half your Social Security plus your other income is
Single or Head of Household $25,000
Married Filing Jointly $32,000
Married Filing Separately $0
Some additional information: There are 9 states that tax Social Security—Colorado, Connecticut,, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont and West Virginia These states offer varying degrees of income exemptions, but two mirror the federal tax schedule: MN and VT.
Friday
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...
See more...
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.