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The new tax laws introduced by the One Big Beautiful Bill Act (OBBBA) now allow for a federal deduction on "qualified overtime premium." Enter your W-2 information exactly as it appears. Check Box 12 (Code TT) or Box 14 on your W-2 for your overtime income.   Look for descriptions like: OBBB OT, OT PREMIUM, QUALIFIED OT, or FLSA OT. After you finish entering the W-2, the program will show "Review your Box 14 info."  Make sure you select "Overtime" from the dropdown menu in the "Category" column. If your employer included all your overtime in Box 1 (Wages), you can still claim the deduction by using your final pay stub of the year. Open or continue your return. Under Federal tab, Click on Wages & Income section, and then Click on Add/Edit/Revisit your W-2. After you enter your W-2, Click through the screens until you see "Let’s check for other situations." Check the box for Overtime. Select YES when the program asks if you have a statement or pay stub.  If you only have the "Total Overtime Pay" amount, the IRS allows you to divide that total by 3 to find your deductible premium (for time-and-a-half pay).  If you were paid double-time, divide that total by 4. Note: You can typically deduct up to $12,500 ($25,000 if Married Filing Jointly) of overtime premium.  The deduction starts to phase out if your Modified Adjusted Gross Income (MAGI) exceeds $150,000 ($300,000 for joint filers).

It depends.  Without seeing your return, it sounds like you may not owe income tax this year. If you had deductions that brought your regular income tax liability down to $0, there is no tax for the solar credit to wipe out. Since it’s a non-refundable credit, it can only lower what you owe. Keep in mind self-employment taxes are not regular income tax, so the credit will not offset them.

The amount of interest you can deduct depends upon what you did with the proceeds from the first HELOC.  If you used the firs HELOC to buy or improve the property secured by the loan, then you can can deduct all of the interest from that HELOC.  You can also deduct all of the interest on the second HELOC, since it was used for improvements and to pay off the other HELOC that was used for improvements.  If you didn't use 100% of the proceeds of the first HELOC for improvements then you have to allocate the interest based on the percentages used for improvements and other purposes.    For Example, if you used 50% of the proceeds from the first HELOC for home improvements, you can deduct 50% of that interest.  If you used the proceeds from the second HELOC 50% to pay off the first HELOC and 50% new improvements, then you can deduct 75% of the interest for the that HELOC:  50% for the new improvements, and then 25% (1/2 of the 50%) for the portion that was used to payoff the first HELOC , that was used 50% for improvements.   

Mizzscribe, That was interesting.  I cannot remember what I answered YES/NO to that question, but recall it was puzzling.    As I said an "expert" from TT could not figure it out in nearly 2 hours.  What is even more puzzling is that one of the step by step questions asks explicitly for what your RMD was supposed to be, and what you took.  I answered that with the correct answers.  I hope TT fixes this issue.

Yes, Required Minimum Distributions (RMDs) are required for defined benefit (pension) plans.     The IRS considers your periodic annuity payments (your monthly pension checks) to satisfy the RMD requirement automatically, provided they are paid out over your life or a joint life expectancy   Because a pension is a set formula that pays out over your lifetime, the plan is already distributing the "minimum" required by law each year.   If you reached age 72 after December 31, 2022, your RMD age is 73.  However, If you are still employed by the company sponsoring the pension plan (and you do not own more than 5% of the company), you can delay starting your pension (and thus your RMDs) until April 1 of the year after you retire.   When the program asks "Was this a Required Minimum Distribution?" for your pension 1099-R, you should answer "Yes" and state that the entire amount distributed was the RMD   By entering the full amount prevents the software from incorrectly flagging a "missed" RMD penalty.   Note: if you have not yet started your pension: You must contact your plan administrator before April 1 of the year after you turn 73 (or retire) to "commence" benefits, or you may face a 25% IRS excise tax on the amount that should have been paid.

If you got a refund for federal tax, you don't need to worry about the refund, just the interest.  If it was a state refund, and you received a benefit by itemizing in 2023, you'll want to report the state refund as income in 2025.    You can type the interest in manually to report the interest income:    Open TurboTax Online and navigate to Investments and Savings (1099-B, 1099-INT, 1099-DIV, and 1099-DA, crypto)  Choose the button Add Investments Under Let's find your account, choose Enter a different way. Select Type it in Myself Choose Interest and continue Now you can proceed to enter the interest income.