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April 7, 2025
10:52 PM
Hi, Schedule A lines 8-10 are used to limit the home mortgage interest deduction. This is basically accomplished by prorating the total interest paid by a ratio of your allowable mortgage limit div...
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Hi, Schedule A lines 8-10 are used to limit the home mortgage interest deduction. This is basically accomplished by prorating the total interest paid by a ratio of your allowable mortgage limit divided by your loan balance. My question: For the denominator of the total loan balance, TurboTax appears to use the year end balance which in this case is the balance as of 12/31/24. However, Publication 936 directs to use the average monthly balance. The difference in the limitation result is not overly huge, but is there a reason why TurboTax does not prompt for the monthly average balance and instead uses the year end balance. Am I missing something? Thanks in advance for any comments or clarification.
April 7, 2025
10:47 PM
You might see if Costco will give you a credit or refund if the product is not used and unopened. That's where you bought it from, not TurboTax.
April 7, 2025
10:45 PM
@ cada321 wrote: I just filed for my son and now I want to do my own taxes. Are you using Online TurboTax? If so, you will need another account. Online TurboTax can prepare only 1 Federal ...
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@ cada321 wrote: I just filed for my son and now I want to do my own taxes. Are you using Online TurboTax? If so, you will need another account. Online TurboTax can prepare only 1 Federal return per online account per year. To prepare a second return requires a different separate account (different User ID). You can use the same email address in the Account Settings for notification purposes in up to 5 accounts, if desired, but each log-in User ID must be unique. Do NOT try to prepare a second return in the same account, or it will overwrite the first one. For future reference, desktop editions can prepare multiple Federal returns with up to 5 Federal efiles.
April 7, 2025
10:42 PM
Thank you, @Vanessa A !
April 7, 2025
10:40 PM
I just filed for my son and now I want to do my own taxes.
April 7, 2025
10:38 PM
No, you cannot pay Federal taxes due out of a state refund. Are you sure you're not looking at a "net figure" that combines the Federal and State final figures? TurboTax has a summary figure at ...
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No, you cannot pay Federal taxes due out of a state refund. Are you sure you're not looking at a "net figure" that combines the Federal and State final figures? TurboTax has a summary figure at the Tax Home that confuses folks because of that summary figure that includes both the Federal and State situations. i.e., if that's what you are looking at, on the Tax Home TurboTax is showing what someone has left in their pocket (the "net") when considering both the Federal and State. That does not mean the Federal tax is being paid out of the state refund, which cannot be done. It is not possible to pay Federal taxes due out of a state refund. You have to make your own arrangement to pay the Federal tax due. See this FAQ: FAQ: How can I pay my Federal taxes? https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/pay-federal-taxes/L6HFgj2eJ_US_en_US
April 7, 2025
10:37 PM
Hi there - I am trying to file using Turbo Tax Desktop for Mac and getting the following error: Your request was not understood by the e-filing service -invalid xml. Cvc-complex-type.2.4 a inva...
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Hi there - I am trying to file using Turbo Tax Desktop for Mac and getting the following error: Your request was not understood by the e-filing service -invalid xml. Cvc-complex-type.2.4 a invalid content was found starting with element "legal name" one of '{filariid}' is expected, please verify that your application program is up-to-date I can confirm that my app is up to date.
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April 7, 2025
10:37 PM
1 Cheer
The new "Digital Assistant" is completely terrible!
April 7, 2025
10:34 PM
I mistakenly filed the wrong tax return form for 2024. My husband and I were not U.S. tax residents, as we moved to the U.S. in July 2024. This means we should have filed Form 1040-NR. I answered all ...
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I mistakenly filed the wrong tax return form for 2024. My husband and I were not U.S. tax residents, as we moved to the U.S. in July 2024. This means we should have filed Form 1040-NR. I answered all the questions correctly, stating that we hadn’t lived in the U.S. for more than 6 months, but the software still generated a regular 1040 resident return.
I understand that I now need to file Form 1040X along with Form 1040-NR, but I have no idea how to do this through this website, and I haven’t been able to find a way to do it on my own.
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April 7, 2025
10:31 PM
I had made excess $1035 HSA contribution in 2023. Identified it in March 2025. My HSA custodian returned my excess amount $1035 in March 2025 itself. My understanding is that i need to pay 6% penalty...
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I had made excess $1035 HSA contribution in 2023. Identified it in March 2025. My HSA custodian returned my excess amount $1035 in March 2025 itself. My understanding is that i need to pay 6% penalty for 2023 and since i removed excess before April 15 2025 does not have to pay penalty for 2024. Do I need to amend my 2023 taxes? Which Tax year my $1035 excess distribution fall into for other income Tax in schedule 1(2023 or 2024 or 2025)? Do i need to file Form 5329 for both 2023 and 2024? Which year 8889 Forms captures the $1035 excess distribution?
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April 7, 2025
10:30 PM
My Visa card is not going through to complete filing my 2024 tax
April 7, 2025
10:29 PM
Hello, I have a quick question. I owed a total of around 1923 of tuition reimbursement for 2023 at now my former employer . I recently left at the end of 2024 and they never took the balance as I ask...
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Hello, I have a quick question. I owed a total of around 1923 of tuition reimbursement for 2023 at now my former employer . I recently left at the end of 2024 and they never took the balance as I asked them to (so frustrating ). At any rate, I will be cutting them a check of a remaining balance of around 600+ dollars to satisfy the remaining balance, bearing in mind the total original amount was tax free . So, since we are nearing the end of 2024 taxes, will I incur any penalties once the correct the 2023 taxes or, since the amount was less than 3000 so I need to amend 2023 taxes ? I’m so frustrated with this former employer . Truly all of this was so unnecessary if they actually did what I asked them to do originally.
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April 7, 2025
10:29 PM
We filed a joint tax return for 2023 with my husband. We received an $800 federal refund, and the $500 state refund was carried over to the following year. In 2024, we got divorced and are filing our ...
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We filed a joint tax return for 2023 with my husband. We received an $800 federal refund, and the $500 state refund was carried over to the following year. In 2024, we got divorced and are filing our tax returns separately for 2024.
When I filed my 2024 return, I forgot about this and mistakenly reported that I received the $500 state refund (which I actually didn’t). If my ex-husband files his return now and states that he didn’t receive anything and requests the $500 refund, would that be correct?
I would prefer not to amend my 2024 return, and if it’s possible for him to claim it, I would like him to do so.
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April 7, 2025
10:27 PM
I found the spot to enter the 6-digit IRS issued PIN. I agree it's in an odd location. When I select update, the page turns white. I'm using Premier, windows 10. I've been able to enter in the pas...
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I found the spot to enter the 6-digit IRS issued PIN. I agree it's in an odd location. When I select update, the page turns white. I'm using Premier, windows 10. I've been able to enter in the past but not this time. Does anyone know why this is happening?
April 7, 2025
10:26 PM
I have this error too. Any fix?
April 7, 2025
10:21 PM
@ eric1903 wrote: I've been trying to download all evening. I go to https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/ and it just spins - nothing downloads and no page com...
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@ eric1903 wrote: I've been trying to download all evening. I go to https://turbotax.intuit.com/personal-taxes/cd-download/install-turbotax/ and it just spins - nothing downloads and no page comes up. I turned off my VPN and my Windows is fully up-to-date. Chrome is fully updated as well. I also tried with Edge - no luck. Please advise. I can't tell from your posting if you mean the webpage at that link is spinning, or if you mean you go that page, but after you choose a product and then indicate Windows or Mac, it then spins while downloading the installation file? In other words, what is failing--the very first webpage at that link you posted or the file download after you choose a product? If you can't even get the page at that link to display, try using your browsers in Private Browsing mode, aka Incognito Mode. Also, are you using any script blockers or overly-restrictive ad blockers or exuberant browser security settings?
April 7, 2025
10:20 PM
Hello, I am in a strange situation where I have found out that my two employers for the year 2024 withheld extra amount for CA VPDI from my pay stubs. In this tax year, I happened to have 2 emplo...
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Hello, I am in a strange situation where I have found out that my two employers for the year 2024 withheld extra amount for CA VPDI from my pay stubs. In this tax year, I happened to have 2 employers such that employer A deducted $1647 until it got maxed out & employer B deducted $1952 upto its maximum limit for the year 2024. I am using TurboTax Online for filing my state return and it doesn't seem to pick both of the CA VPDI deductions from my W2s from two employers. Actually, It seems to be picking just one. Hence, it's not reporting excessive VPDI deductions in my state tax return which in theory I should be getting as a refund from California as a part of tax return filing. I haven't submitted my state tax return yet. So, I am looking for suggestions on how to input that information correctly in TurboTax Online so that I can get that extra amount as a refund. Thanks in advance!
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April 7, 2025
10:19 PM
Does turbo tax reduce state tax refund in order to pay federal tax
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April 7, 2025
10:17 PM
Where are the federal tax payments listed
April 7, 2025
10:17 PM
Can i claim my grandkids as dependents on my taxes or will benifits be stopped for her? My house hold bills per.month are more then she gets so i pay more and maintain a house for all of them.
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