Once you have entered all of your tax information into your TurboTax Online account, you need to click on FILE (located in the left panel of the program) and walk through the 3 steps. This is where ...
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Once you have entered all of your tax information into your TurboTax Online account, you need to click on FILE (located in the left panel of the program) and walk through the 3 steps. This is where you enter your 2023 AGI (Adjusted Gross Income) as it serves as your electronic signature.
Do you live together? Did you live together ALL of 2024? If not, you cannot claim her as a dependent. If you did and she made less than $5,050 for the entire year, and pay over half of her sup...
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Do you live together? Did you live together ALL of 2024? If not, you cannot claim her as a dependent. If you did and she made less than $5,050 for the entire year, and pay over half of her support you can add her as a dependent for the $500 Non Refundable Other Dependent Credit. You will do this on the personal info page by selecting add a dependent.
To claim someone as a Qualifying Relative, they must be:
Your child ( including step children, adoptive children and foster children) or a descendent of them
Your sibling (including half siblings) or a child of your sibling or a sibling-in-law
Your parent or grandparents, including step parents and in laws
Any other person that lived with you for the entire tax year
Not a qualifying child of another taxpayer
Someone that you provided over half of their support for during the tax year
Has less than $5,050 in income (not counting social security)
Per IRS:
Taxpayers who haven’t filed 2021 tax returns but who may be eligible for the Recovery Rebate Credit must file a 2021 tax return by April 15, 2025, to claim the credit and any other refund ...
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Per IRS:
Taxpayers who haven’t filed 2021 tax returns but who may be eligible for the Recovery Rebate Credit must file a 2021 tax return by April 15, 2025, to claim the credit and any other refund they might be owed, even if their income from a job, business or other source was minimal or non-existent.
To file a return for tax year 2021, you'll need to purchase and download that year's TurboTax software for PC or Mac, as TurboTax Online and the mobile app are only available for the current tax year.
For more details check here.
If the Social Security benefits is the Only income to be reported on the tax return and there is no federal income taxes being withheld, then there is no reason or need to file a tax return.
I only changed the one in the leftmost column (Regular Tax). The other one didn't seem to be causing any problems. If you feel like the ones on the leftmost column are not correct, you can adjust t...
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I only changed the one in the leftmost column (Regular Tax). The other one didn't seem to be causing any problems. If you feel like the ones on the leftmost column are not correct, you can adjust them but the goal is that the individual items on the section "Disallowed Passive Losses by Year and Type" should add up to the same number in the QBI column on the Carryovers to 2024 Smart Worksheet (Line G). I will keep an eye on this thread this evening in case you encounter any other issues or have additional questions.
