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i.e., you might need to go back thru the Estimated taxes preparation Q&A area again.  You may have misstated something, like put in a too-high expected income amounts, or entered the wrong total for your "Expected" automatic withholding amounts.

It depends on when your contributions to the 401(k) were made. See the New Jersey (NJ) rules below. If you meet the criteria in 1 below, then you would select 'None apply'. If you meet the criteria for 2 below, then you would use the General Rule. You need to find out if you have any contributions that were taxable to NJ when they were made. NJ Retirement Income Rules Section 401(k) Plans If you made contributions:  On or after January 1, 1984, your contributions to your 401(k) Plan were not included as income when they were made, unless the contributions exceeded the federal elective deferral limit. As a result, you must report all distributions on your New Jersey Income Tax return because they are fully taxable;  Before January 1, 1984, your contributions to your 401(k) Plan were included in your income when they were made. If you made contributions to a 401(k) Plan before January 1, 1984, or you made contributions beyond the federal limit, use IRA Worksheet C to calculate the taxable and excludable portions of your distribution.  If all contributions were not included in your NJ income all distributions are taxable. If any of your contributions were part of your NJ income then the general rule is used to pay tax on only the earnings part of the distribution. Your plan administrator should be able to help you with the details.   The three year rule would only apply if you will recover your cost in the plan within three tax years after distribution begins and only if you have any contributions made before 1984.

Here's what the IRS says, in Publication 503, Child and Dependent Care Expenses, on page 10. "Expenses prepaid in an earlier year. If you pay for services before they are provided, you can count the prepaid expenses only in the year the care is received. Claim the expenses for the later year as if they were actually paid in that later year."

The $3,185 can be made up of additional withholding, estimated payment, or a mix. Since your withholding is going to increase, then it's correct to reduce your estimated payment. You could also have even more come out of your paycheck to avoid having to make any estimated payment.

If you have it duplicated, delete the 1099-K's, then delete the Schedule C's.  If you are using the online version, log out of your TurboTax account and then clear your cache and cookies.  When you go back in, IF you are doing eBay as a business, then go to the business income section and follow the steps below.  Federal Income and Expenses Show More next to Self-Employment Start next to Self-Employment Yes, to you have any self-employment income or expenses Enter the type of self-employment work you do and you can select that you use your name for your business Click through a few more screens and you will get to a screen that says "Your XX info" Click Looks good Then you will come to a screen that says Let's enter the income for your business.  It will give you the option of 1099-NEC or Other self-employed income including the 1099K , cash and checks.  Here is where you will enter the money you receive. If you do not select one, it will not let you enter your income Enter your self-employment income on the next screen Continue and on the next screen click add expenses * Please note navigation may differ slightly depending on which version of TurboTax you are using* This income will be reported on Schedule C which is part of your overall tax return. This also means you will be subject to SE Tax.  If you did not pay SE Taxes in 2024, and if you plan to do this again in 2025, it may be a good idea to make  quarterly estimated payments to cover your SE taxes of 15.3% and avoid penalties.   Taking Business Expense Deductions If this is NOT a business and you are selling personal items, this should NOT be reported on Schedule C.  Follow the instructions below if this is NOT a business.    To do this in TurboTax you will  take the following steps: Click federal wages and income Show more next to Other Common Income Start next to 1099-K Select Other for what type of income Enter the info from your 1099-K Select "This amount in box 1a is too high or includes some personal transactions" IF you are selling personal items and need to deduct the cost basis Enter the amount that should not be included Hit continue

This line is informational only.  It is coming from the amounts that you entered as personal items sold at a loss (not deductible).  There is no need to enter any offset to indicate that you have a loss.  If it's incorrect, and this is not what you received on your 1099-K, you can adjust the figure you entered in the 1099-K input. To change this, navigate to Federal Taxes > Wages & Income > I'll choose what I work on > 1099-MISC and Other Common Income > Income from Form 1099-K > Update.  

@lcattanach1    Once you determine the $$ amount that is from US Govt Obligations...   You then edit the 1099-DIV, and on the pages AFTER the main 1099-DIV form, you check a box indicating you have some US Govt interest for that 1099-DIV form, then enter the exact $$ amount on a subsequent page: (See pictures below form the Desktop software...Online is similar) ______________ ___________ ___________

Yes, but it depends on how they pay you. If they pay you on a W-2 you are an employee, and can not file a Business with that as income. I don't expect that that is the case, so you can file a Schedule C for a small business. This can be done and included with your personal tax return. You will need Online Premium or Desktop Home & Business.

I can't find >Other Tax Situations under Federal.  As soon as I select efile, TT leads me to options how to pay>Direct Debit Consent>When Will Account be Debit>Verify 2023 AGI>Sign Your 2024 Return and there are PIN field with 5 digits. Please help with more details how to enter 6 digits PIN provided by the IRS.   Thank you.

Form 5805 is used to calculate the penalty for underpayment of estimated tax by individuals and fiduciaries. Part III Line 4 specifically requires you to enter your:   Itemized deductions for the period shown in each  column. If you do not itemize deductions, enter -0- here and  on line 6.  Estates or Trusts, enter -0- here, skip to line 9,  and enter the amount from line 3 on line 9  : Franchise Tax Board Instructions for Form 5805 : Franchise Tax Board Form 5805    

You will enter the withheld taxes next year on your 2025 return when you get the 2025 Form 1099-R since the withholdings are reported in the year that the tax was withheld.      You must include the excess deferral in your wages in the year the excess deferral happened. All you need to do next year add the 2025 Form 1099-R.   Please follow the steps below in your 2024 return to add the excess deferral on line 1h of Form 1040:   Login to your TurboTax Account  Click "Wages & Income" (under Federal) on the left side of your screen Scroll  down to "Less Common Income" and click "Show More" Scroll down to "Miscellaneous Income, 1099-A, 1099-C" and click "Start" Select "Other income not already reported on a Form W-2 or Form 1099" and click "Start" On the "Did you receive any other wages?" screen answer "Yes" and click "Continue" Continue until you get to the "Any other earned income" screen, answer "Yes" and click "Continue" On the "Enter Source of Other Earned income" screen select "Other" and click "Continue" On the "Any Other Earned Income" screen enter "2024 Excess 401(k) Deferrals" for the description, enter the amount and click "Done".     Please see Pub 525 for additional information.  

If you are late to pay federal tax, you are subject to owing interest on the late payments.   If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.      If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.    https://www.irs.gov/payments     https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212     https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403      To apply for a payment plan with the IRS   Apply Online for a Payment Plan     You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0