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yesterday
Please review your Maryland original return, The payment was received in the amount of $2,534.00 for balance due tax year 2024. However, you requested a refundable tax credit of $5,500.00 which was de...
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Please review your Maryland original return, The payment was received in the amount of $2,534.00 for balance due tax year 2024. However, you requested a refundable tax credit of $5,500.00 which was denied, that's the reason the notice was sent in balance due... Line 40 on Maryland 502. On 502CR IRC Section 1341 Repayment Credit. (See Instructions and Administrative Release 40.) Attach documentation. 5,500.00. Refundable IRC Section 1341 repayment tax credit has been disallowed. No supporting docs demonstrating you had overpaid income from prior year(s), and no proof of repayment. Amount requested was $5,500. If you are unable to provide supporting documentation as required previously the balance remains
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yesterday
@bruce-carr49 And the latest info is that the 1099-R area may be ready late Friday afternoon...so come back on Saturday to enter your 1099-R...and QCD amount.
yesterday
A service animal is deductible. A service animal is an animal that is trained to perform a specific task to assist with health issues. It could be a seeing eye dog, or an animal that can sense an o...
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A service animal is deductible. A service animal is an animal that is trained to perform a specific task to assist with health issues. It could be a seeing eye dog, or an animal that can sense an oncoming seizure -- lots of types of service animals, but the key is that it must be specifically trained to provide a service. If an animal provides emotional comfort due to its natural behaviors but has not been trained to perform a specific assistive task, any costs are not deductible.
yesterday
See this TurboTax support FAQ for the 2025 federal tax refund advance option - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/offer-details-disclosures-refund-advance-program/...
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See this TurboTax support FAQ for the 2025 federal tax refund advance option - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/offer-details-disclosures-refund-advance-program/L4ljXp6TI_US_en_US
yesterday
Appreciate your response but I unfortunately can not yet get into that section of turbo!
yesterday
The 2025 Turbo Tax IRA section says it will be updated soon but it's been at least 2 weeks pending.
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yesterday
The W-2 can only be provided by your employer
See this TurboTax support FAQ for how to import a W-2 - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import...
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The W-2 can only be provided by your employer
See this TurboTax support FAQ for how to import a W-2 - https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/import-enter-w-2/L55HzdeDr_US_en_US
yesterday
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yesterday
1 Cheer
If you already e-filed you have to wait for the original return to be rejected/accepted first. If it is rejected, you can change your filing status and file MFS. If it is accepted, you can only c...
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If you already e-filed you have to wait for the original return to be rejected/accepted first. If it is rejected, you can change your filing status and file MFS. If it is accepted, you can only change from filing a joint return to filing married filing separately if you accomplish it by the April deadline. You cannot amend until the IRS fully processes your accepted return.
After April 15 you are not permitted to switch from MFJ to MFS.
And...why do you think MFS would be better? Married filing separately is often the worst way to file.
If you were legally married at the end of 2025 your filing choices are married filing jointly or married filing separately when you prepare your 2025 return.
Married Filing Jointly is usually better, even if one spouse had little or no income. When you file a joint return, you and your spouse will get the married filing jointly standard deduction of $31,500 (+ $1600 for each spouse 65 or older) for 2025. You are eligible for more credits including education credits, earned income credit, child and dependent care credit, and a larger income limit to receive the child tax credit.
If you choose to file married filing separately, both spouses have to file the same way—either you both itemize or you both use standard deduction. Your tax rate will be higher than on a joint return.
Some of the disadvantages of filing separately include:
You cannot get earned income credit,
You cannot get education credits or deductions for student loan interest.
You cannot get the childcare credit
You have a lower amount of income on which to base the refundable additional child tax credit
85% of your Social Security benefits will be taxable even with no other income
The amount you can contribute to a retirement account will be limited.
Capital loss deduction is less than if you file jointly
You cannot get the $6000 senior deduction
You cannot get the deductions for overtime or tips
If you live in a community property state, you will be required to provide additional information regarding your spouse’s income. ( Community property states: AZ, CA, ID, LA, NV, NM, TX, WA, WI) and your returns become very complicated.
If you are using online TurboTax to prepare your returns, you will need to prepare two separate returns and pay twice since with online, you get one return per fee.
https://turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/L7gyjnqyM?srsltid=AfmBOopGqCNexowW0pYgvsf7ycIkrx4VjO_63UXv6vSnfu3UEGQiKQTh
https://ttlc.intuit.com/turbotax-support/en-us/help-article/income/getting-married-mean-taxes/L2RgmagpE_US_en_US?uid=m69on7t0
https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/married-filing-separately-community-property/L11CeLUMs_US_en_US?uid=m69ousyh
yesterday
Once the tx return has been filed the option for a refund advance is no longer available.
yesterday
Other companies have it ready, why can't TurboTax
yesterday
It’s Jan 21st and it’s still not available. Will try again tomorrow
yesterday
I need retrieving my W2s that were just in TurboTax system
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yesterday
Change method of payment after filing
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yesterday
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each ...
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Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
yesterday
I am running on a MacBookAir M2 on the latest version of Mac OS. The Icon does not show on the Alias when placed on the desktop. It does show when placed in the dock. The Alias (Shortcut) does ho...
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I am running on a MacBookAir M2 on the latest version of Mac OS. The Icon does not show on the Alias when placed on the desktop. It does show when placed in the dock. The Alias (Shortcut) does how but only an outline of where the ICON should be. Not a big problem. I never saw this issue on other Mac apps. I am a retired IT guy with experience on both Mac and PC.
yesterday
When entering charitable mileage and donations it is accepting only one entry where in the past we entered multiple items. Different destinations on dates etc. Is this going to be updated to correc...
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When entering charitable mileage and donations it is accepting only one entry where in the past we entered multiple items. Different destinations on dates etc. Is this going to be updated to correct and accept multiple entries?
yesterday
Why am I not getting my 6,000.00 senior deduction?
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yesterday
Can I change to file separately
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yesterday
No, the method for calculating the sales tax deduction allows you to either deduct an amount of standard sales tax or sales taxes paid on large purchases and not both.
This wording comes from t...
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No, the method for calculating the sales tax deduction allows you to either deduct an amount of standard sales tax or sales taxes paid on large purchases and not both.
This wording comes from the IRS Instructions for Schedule A:
State and Local General Sales Taxes
If you elect to deduct state and local general sales taxes instead of income taxes, you must check the box on line 5a. To figure your state and local general sales tax deduction, you can use either your actual expenses or the optional sales tax tables.