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As a medical expense deduction To get there select the following: Deductions and Credits Medical Expenses These will be an itemized expense. Itemized expenses include mortgage interest,... See more...
As a medical expense deduction To get there select the following: Deductions and Credits Medical Expenses These will be an itemized expense. Itemized expenses include mortgage interest, gambling losses up to winnings,  charitable contributions, state and local taxes up to $10,000, medical expenses in excess of 7.5% of your AGI and casualty and losses in excess of 10% of you AGI with the first $100 not counting towards the loss.  Your health insurance and all medical expenses are only deductible for the amount that is over 7.5% of your AGI.  This means if your AGI is $50,000, then the amount that is over $3,750 is deductible.     Then your total itemized expenses would need to be greater than your standard deduction below in order to benefit from your expenses.    The 2024 Standard Deductions are as follows: Married Filing Joint (MFJ)              $29,200 Married Filing Separate (MFS)      $14,600 Head of Household (HOH)             $21,900  Single                                                 $14,600                                 Blind or over 65 and MFJ or MFS add $1,550 Single or HOH if blind or over 65 add $1,950     Standard versus Itemized Deduction
https://turbotax.intuit.com/irs-tax-extensions/
The Free edition is for very simple tax returns.  You can start for free; however, if the software requires more advanced features, there will be an additional charge.   Situations covered (ass... See more...
The Free edition is for very simple tax returns.  You can start for free; however, if the software requires more advanced features, there will be an additional charge.   Situations covered (assuming no added tax complexity): W-2 income Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Situations not covered: Itemized deductions claimed on Schedule A Unemployment income reported on a 1099-G Business or 1099-NEC income Stock sales (including crypto investments) Rental property income Credits, deductions and income reported on other forms or schedules Select [Start for Free] on the TurboTax Website.
In TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: --Education   --Education Expenses and Scholarships (1098-T)   After you f... See more...
In TurboTax (TT), enter at: Federal Taxes Tab (Personal for H&B version) Deductions & Credits -Scroll down to: --Education   --Education Expenses and Scholarships (1098-T)   After you finish entering the first student, You'll then get the "Your Education Expenses Summary" screen.  Click the "Add a student" button, to enter the 2nd student's 1098-T. 
It is possible that something changed on your tax return to make  your social security income taxable. I would encourage you to read your IRS notice carefully to better understand the issue.   Yo... See more...
It is possible that something changed on your tax return to make  your social security income taxable. I would encourage you to read your IRS notice carefully to better understand the issue.   You can read this article to learn how to file an accuracy guarantee claim with TurboTax. 
Does your computer meet the system requirements for desktop software? https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-mac-software/00/25609   ... See more...
Does your computer meet the system requirements for desktop software? https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-mac-software/00/25609     To call TurboTax customer support https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US?uid=m5s9l2vh  
It depends on why you sold the home.     If you sold the home for the following reasons, it may be possible that you would qualify for a partial exclusion. Change of Health Death, Divorce... See more...
It depends on why you sold the home.     If you sold the home for the following reasons, it may be possible that you would qualify for a partial exclusion. Change of Health Death, Divorce or legal separation Multiple Births Change in place of employment more than 50 miles from home Unforeseeable Event Change in financial circumstances leaving you unable to pay If you sold it just because you wanted to move, then no, you would not qualify for a partial exclusion. 
You will input the amount of taxes you paid for the state on the federal section, it will then flow to the state   To enter Taxes Paid on 2024, follow the instructions below   If you are usin... See more...
You will input the amount of taxes you paid for the state on the federal section, it will then flow to the state   To enter Taxes Paid on 2024, follow the instructions below   If you are using TurboTax online   From your TurboTax home screen select Deductions and Credits. Scroll down and click +Add Tax brakes. Locate Other Business Situations and then Click Add ‌on Estimated Tax Payments. (This will add it to your main screen) Go back to the home screen and under Deductions and credits you will find the Estimated taxes tab.  Once you click start you will see the State Estimated Taxes for 2024 option   If you are using TurboTax Desktop   From the main screen under the Federal Taxes tab, locate Deductions & Credits Scroll down until you see Estimates and Other Taxes Paid, and then Estimates. Click on start, and you will see the option for State Estimated Taxes for 2024
My 94 year old mother is in a nursing home.  total car for her there last year was $170,000 Where do i enter that on her tax return?
the message actually says your card cannot be verified at this time. I know it is correctly entered since turbo tax fees are already posted in my acct.
No one in this user forum arranges phone calls for you or to you.   You are posting from TurboTax Live.  You can arrange for the Live help you are paying the extra fee for with your questions fro... See more...
No one in this user forum arranges phone calls for you or to you.   You are posting from TurboTax Live.  You can arrange for the Live help you are paying the extra fee for with your questions from 5 a.m. to 9 p.m. Pacific time. https://ttlc.intuit.com/turbotax-support/en-us/help-article/product-setup/connect-tax-expert-turbotax-live/L73wOZD5D_US_en_US?uid=m8zw1pbb  
@aanshuman5  understand the issue.  Please see my earlier / in the mean time response  -- sorry for the delay   pk
Who do I work with to file an extension? TurboTax or IRS?
The options are 1) Yes, I took this money out of my non-qualified or Section 457 plan and 2) No, this is money I contributed to my nonqualified or Section 457 plan. Both are true. My employer paid eve... See more...
The options are 1) Yes, I took this money out of my non-qualified or Section 457 plan and 2) No, this is money I contributed to my nonqualified or Section 457 plan. Both are true. My employer paid everything out when my employment was terminated but the money in the account was partially money I contributed (from spillover 401k contributions) and partially "retirement contributions" my employer contributed. I do not know how much I contributed vs. how much my employer contributed.
Your son's desktop software can be used on computers that HE owns.    You can use the desktop software to prepare and e-file up to five federal returns (and the state returns that go with them for a ... See more...
Your son's desktop software can be used on computers that HE owns.    You can use the desktop software to prepare and e-file up to five federal returns (and the state returns that go with them for a $25 state e-file fee).   If you have access to your son's computer, launch the 2024 desktop software and go up to the tool bar at the top of the screen.  Click FILE and then the drop down "New Tax Return" to start a return for yourself.     Make sure you are really using the desktop software and are not using online by mistake.   We see people get confused and they keep logging in to online software which will require them to pay at the end.   You need to use the desktop software.   One way to tell if you are using the right software---your tool bar.   Online software has the toolbar in a black vertical column on the left side of the screen.   Desktop software has the tools up on the top of your TT screen.    
You don't need to actually put the statement in QuickBooks.  Print a copy of the statement, sign and date it (it must be dated no later than March 15th).  Scan the signed copy and save on your comput... See more...
You don't need to actually put the statement in QuickBooks.  Print a copy of the statement, sign and date it (it must be dated no later than March 15th).  Scan the signed copy and save on your computer.  If you have paper files, file the hard copy.     You said you are a "new taxpayer for LLC".  The exception to making the Mark to Market 457(f) by attaching a statement to your tax return for the year prior to year you want it to go into effect doesn't apply if you if you filed a tax return, but didn't have an LLC.   It only applies if you personally were not required and did not file a tax return.  You can still be a trader, you just can't use mark-to-market.  
@aanshuman5 , having gone over the whole thread and  agreeing with the suggestions/comments/response by my colleague @DaveF1006 , I am not quite clear as to your aim in this whole  situation.  So I w... See more...
@aanshuman5 , having gone over the whole thread and  agreeing with the suggestions/comments/response by my colleague @DaveF1006 , I am not quite clear as to your aim in this whole  situation.  So I will restate/clarify  what I understand it to be :  (a) For the tax years 2022, 2023  you  did not claim treaty benefits  (  No US taxation on US sourced income for two years  -- duration not calendar ).   Therefore  you can indeed amend your filed returns for the  tax years 2022 and 2023.   Note this has nothing to do with  tax year 2024-- you have not filed that return yet.  There is no issue  on the mechanism  for filing the amended return  -- both @DaveF1006  and I have covered this ( i.e.  you have to use a service  that supports 1040-NR ) (b)  Assuming that we all agree  that you were a Resident for Tax purposes for tax year 2024   till your exit from USA and  with the new wrinkle that your spouse is in the US for the tax year 2024 on a work vise  ( please confirm that she is on work visa and that she is a resident for tax purposes  -- at this point , we know nothing about that aspect :(               1.  For MFJ filing  --                               A)  your spouse must be a resident for the tax year 2024 i.e. meet the  SPT by the end of the year.                               B) you  must be a Resident for the whole year i.e.  expose your Indian income to US taxes   ( even though  you may be able  to claim Foreign Tax home and thereby exclude Indian income or Foreign Tax credit / deduction to mitigate the tax bite )                               C)  The Standard deduction is iffy unless you each meet  residence in the USA for the whole calendar year ( for you it is true even with a foreign tax home ; for wife -- we have no details ).   -- this restriction is true for Single filer but I do not have a the statute language or case law to  prove this  -- it is a  logical  extension however.                      2.   For MFS filing :  I do not understand the  question.   Unless you are talking about the restriction that  both spouses must use the  type of deduction.   I have to research this  -- because  once you become an NRA i.e. your dual status forces you to use itemized  and therefore to  burden your spouse  with the same requirement seems  unfair I if she is otherwise  eligible to use standard deduction ).  I need to spend a little time on this -- there is probably no case law support either way.   Have I missed something in this ?   pk                 
Hi MarilynG1, Thanks for the reply, Note though, TurboTax never asked me my AGI in the e-filing process. Thanks BK
To really be able to prepare your forms and see how things are changing and moving, the desktop feature is better. It has the 3115 and you can work on it in Forms mode and be sure your taxes are what... See more...
To really be able to prepare your forms and see how things are changing and moving, the desktop feature is better. It has the 3115 and you can work on it in Forms mode and be sure your taxes are what you want to reflect.   The IRS used to allow you to mail the 3115 anytime. The laws changed and now you have to pay a penalty if it isn't with your return. To make it part of your return: File it with the 8453 (a form for e-filing return attachments)- not sure you can e-file since we don't efile 3115. Mail in your return Filing the 3115 opens up the audit years on the property as well. Since you are correcting this quickly and willingly, that goes a long way.   Personally, I would use the desktop and mail it in with tracking, no signature. At the end of the day, you can use the online version but integrating it with the form seems more challenging to me. This is your return and you get to make the choices.