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why are you paying 110% of your 2024 tax If your income has significantly reduced in 2025 then you should be paying estimated tax based on 90% of your 2025 tax, have you done that estimate/calculation?
You should increase your next 2 quarterly payments so you make the total estimated payments at least equal to the 110% amount to avoid the under payment penalty.
@LenaH   The question is asking about the Homestead Credit, not the Renter's Credit (unless they edited the post after your answer).   I know in the past that TurboTax couldn't e-file it; it had to... See more...
@LenaH   The question is asking about the Homestead Credit, not the Renter's Credit (unless they edited the post after your answer).   I know in the past that TurboTax couldn't e-file it; it had to be paper-filed.  But the TurboTax Help page seems to imply that e-filing might be possible now through TurboTax.  However, I am unsure how to check if it has been e-filed or not.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/file-m1pr-minnesota-property-tax-refund-turbotax/L4gntwKHw_US_en_US      
If you have desktop TT 2024 you could use that to run a hypothetical tax return for your 2025 situation but it won't reflect the changes in the big bill and you may need to adjust for different tax b... See more...
If you have desktop TT 2024 you could use that to run a hypothetical tax return for your 2025 situation but it won't reflect the changes in the big bill and you may need to adjust for different tax brackets or changes in deductions.  maybe some online calculators will be available before TT 2025.   To avoid penalty you need to have paid thru withholding or timely estimated taxes during the year, the smaller of 100% of your 2024 tax (110% if AGI > 150k or 75k if Married Filing Single), or 90% of your 2025 tax - this is your "safe harbor" amount.  (See lines 1-9 on Form 2210 where this is calculated).   So if this 1099 work is significantly increasing your income from 2024 to 2025 you may be able to pay estimated tax based on 2024 tax.  Then it doesn't matter how much or timing of your 2025 income.  The only snag is now that it's Q3 you would need to catch that up for Q1-2 and there will be some penalty on those quarterly payments until you pay that but it will only be a few months, and that may be offset by deferring payment of higher 2025 tax until April 2026.   If 2024 option doesn't work then once you figure out some sort of estimate for 2025 tax, you can either pay that quarterly and similarly have some penalty due to late payment of Q1/2 ES; or, pay it in Q3/4 in line with your 1099 earnings and use the "Annualized Income Method" on Form 2210 next year to show how the uneven income and uneven estimated tax lines up, but this will involve some extra calculations on your part to determine your AGI/withholding/Qualified Divs/LT Cap Gains as of 3/31, 5/31, 8/31 (12/31 being your full year return).  In TT this is info is input under Other Tax Situations / Underpayment Penalty section but TT won't calculate those quarterly figures other than the full year.  And you have to follow similar for state.   I'm not sure the effect on your social security and how that plays into the AI method if that is regarded as evenly earned thru the year while your 1099 is uneven - but maybe the big bill helps you here; the AI method should certainly reduce your penalty if your income and estimated tax payments are backloaded later in the year, but may not eliminate it.   Not a CPA, hope that helps think about options - for more info see:   https://www.irs.gov/faqs/estimated-tax   https://www.irs.gov/pub/irs-pdf/i2210.pdf   https://turbotax.intuit.com/tax-tips/general/taxes-2021-7-upcoming-tax-law-changes/L3xFucBvV
I didn't receive one of my 3 stimulus checks for COVID 19 in 2020
You don’t have to have a LLC.  You can begin to educate yourself here.  https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center
aloha! im reaching out to see if someone could answer my questions ive currently been working independently doing odd jobs since  may 2025 and i want to ensure that im in the legal standards. Ive be... See more...
aloha! im reaching out to see if someone could answer my questions ive currently been working independently doing odd jobs since  may 2025 and i want to ensure that im in the legal standards. Ive been doing after construction clean ups for a couple of companies , i have no employees. do i need to get a LLC or file registration for a business license , or am i able to track all my payments received through the year and when end of the year comes show that to my tax worker? am i suppose to file quarterly or semi quarterly like a registered business? im basically looking for help or a step-by-step guideline of how to legally work independently. i live in honolulu,  hawaii. please help !! mahalo 
Check here. TurboTax receives no information about refunds.   https://www.irs.gov/wheres-my-refund  
I'm self-employed and will see a big drop in my 2025 income from last year (which was W2 income with automatic withholding). I just realized that my estimated quarterly payments are way under the 110... See more...
I'm self-employed and will see a big drop in my 2025 income from last year (which was W2 income with automatic withholding). I just realized that my estimated quarterly payments are way under the 110% safe harbor and I'll see an underpayment penalty at filing. I read about the Annualized Income Installment Method, but am unsure how to go about it starting now in Q3. What should I be doing at this point to mitigate any issues come filing time next year? 
You can’t pay through TurboTax.  See here.  https://www.tax.ny.gov/pay/card-payment-info.htm  
To add a few thoughts:   You first need to decide if you are comfortable with filing Jointly or not.  You started off saying you wanted to keep things separate due to your husband's legal problems,... See more...
To add a few thoughts:   You first need to decide if you are comfortable with filing Jointly or not.  You started off saying you wanted to keep things separate due to your husband's legal problems, so maybe filing as Married Filing Separately would be best for that aspect, even if it results in more tax.  You can discuss it with a tax professional and/or lawyer to determine if your husband's legal issues may be a consideration or not.   Although in many cases filing Jointly results in less tax than filing Separately, that is not always the case.  This COULD be one of those cases where separately might work out better (at least for some of the years).   Despite popular opinion, if you and your husband file Separately, his Social Security is NOT fully taxable.  If he has $0 of other income, only 42.5% is potentially subject to tax.  But his Standard Deduction would eliminate any tax.   If you filed Jointly, MORE of his Social Security could be subject to tax due to your income.  While you would benefit from the Joint Standard Deduction, the increased amount of his taxable Social Security could result in more tax.  Based on the amounts you mentioned for your income, most years would still probably be a better tax-result filing jointly, but I suspect that 2020 MIGHT end up better filing Separately.   While the other comments are correct that a person can't claim their spouse as a "dependent" when filing Separately, there *IS* a rule that when a spouse has $0 of gross income, the other spouse can claim his "exemption" when filing Separately.  It is possible that you misunderstood and that was what the tax preparer was referring to.  However, because some of your husband's Social Security is potentially subject to tax (which your tax preparer may not have realized), that rule does not apply to you.   I agree that going to a good tax professional is your best option.  You can first discuss if you are comfortable with filing Jointly due to your husband's legal problems.  Then *IF* you and your husband are comfortable with filing Jointly, your tax preparer can determine the best tax-result (as I mentioned before, 2020 in particular could possibly be tax-beneficial to file Separately).  And your tax professional can help you determine the pros and cons to how many tax returns to amend (if any).
I have asked to talk to a real human and they will not give me a number, so now I am here posting to this. I just want my refund. I am confused as to why it's just sitting somewhere.
What the law does is to create an extra senior tax deduction of $6000 ($12,000 for joint filers), for tax years 2025 through 2028.   This may reduce the tax on your SS benefit depending on your other... See more...
What the law does is to create an extra senior tax deduction of $6000 ($12,000 for joint filers), for tax years 2025 through 2028.   This may reduce the tax on your SS benefit depending on your other income.   The social security administration estimates that currently, 33% of social security recipients pay some income tax on their benefit and that will be reduced to 10-12% of recipients paying some tax.  Low income seniors already pay no income tax on their SS benefit.  High income seniors will see no change to their tax because the bonus deduction has a high income phase-out.  Middle income seniors will likely see a modest tax cut.     You still must report your benefit on your tax return, and let the tax program determine how much tax you owe, in combination with all your other income. 
You should be able to log into your online account and download the state program.  Access your downloads here https://shop.turbotax.intuit.com/commerce/account/secure/login.jsp?pagecontext=downloa... See more...
You should be able to log into your online account and download the state program.  Access your downloads here https://shop.turbotax.intuit.com/commerce/account/secure/login.jsp?pagecontext=download   Are you trying to open your return?  Try this..... After you get the program installed or reinstalled the first thing to do before you open your tax return is to update the program and install any state programs you had. Then open your file. So you first might need to start a fake return to be able to download the state program (go to FILE - NEW). Enter some basic information, then go to the state tab and download the state program. Then try to open your existing return, go to FILE - OPEN    
How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side menus to open up to access... See more...
How to Access prior year online returns https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/00/27010 If you can't get the side menus to open up to access the prior year..... You need to start entering some basic Personal Info in 2024 for the side menu to open up. Just continue a little ways into 2024. I had to go though about 12 screens. If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. So you need to make and keep your own backups. Or request a transcript from the IRS https://www.irs.gov/individuals/get-transcript Or get a copy of your return using form 4506 https://www.irs.gov/pub/irs-pdf/f4506.pdf
Here is a great article that talks about whether you should be subject to employment tax or not: TAX INSIDER TAX INSIDER Incentives for solar power generation systems