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VolvoGirl

The new Senior Deduction (it's not a Credit) is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated o...

The new Senior Deduction (it's not a Credit) is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return For Online version you can preview the 1040 https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 See the 1040…….

Sosweet41

Hi . I was wondering why I am not offered the refund advance option?

M-MTax

If you only need to file an 1120-H, you're probably better off downloading and filing the form by mail. https://www.irs.gov/pub/irs-pdf/f1120h.pdf

DoninGA

Which TurboTax program are you using, Online or Desktop? If desktop which Operating System, Windows or Mac, and which desktop edition, Deluxe, Premier, Home & Business?

M-MTax

Can I file a 1120-H Yes, with TurboTax Business. However, the form needs to be completed in Forms Mode; there is no step-by-step guidance.

joycek1010jk

how to use Capital Loss ?

VolvoGirl

The $40 would have been only the Pay with Refund fee to have your Turbo Tax fees deducted from your refund. There is first a fee for federal and a fee for state. What version did you use? Was it...

The $40 would have been only the Pay with Refund fee to have your Turbo Tax fees deducted from your refund. There is first a fee for federal and a fee for state. What version did you use? Was it Deluxe? Depending on when you filed Deluxe might have been $40 for federal and 40 for state or more plus sales tax. How to review your fees https://ttlc.intuit.com/community/charges-and-fees/help/how-do-i-review-my-fees-in-turbotax-online/00/26353

DoninGA

That stands for Total Amount of tips reported to the employer. For a 2025 W-2 the employer should have entered those tips in box 7 of the W-2. Contact your employer to get a corrected W-2.

M-MTax

@farmsonbob wrote: Is it because he included his SSN when setting up the LLC? Yes, the numbers are linked.

sia-perry1995

joeajanish

e-rundell

SteamTrain

Thus, look for it on line 13b of your form 1040. The Std Ded is listed separately, and shows on line 12e of the 1040

agnesturbo

I figured it out. I had a rare big bonus last year that increased my MAGI and disqualified me from contributing to my Roth IRA in 2025. I requested a refund for excess contributions to remedy this. ...

I figured it out. I had a rare big bonus last year that increased my MAGI and disqualified me from contributing to my Roth IRA in 2025. I requested a refund for excess contributions to remedy this. It should be fine next year. Thank you for following up.

CabeF

Great, thank you for chiming in here to address it. On a quick glance through it does seem like this has been fixed now. Thanks again.

brkearney

DoninGA

@rw28 Yes, it is that simple and you do not itemize the improvements made on a tax return. However, you should keep all paperwork showing the costs of these improvements if the IRS ever questions th...

@rw28 Yes, it is that simple and you do not itemize the improvements made on a tax return. However, you should keep all paperwork showing the costs of these improvements if the IRS ever questions the sale (highly unlikely)

VolvoGirl

Does it say File by Mail -or- Ready to Mail? That usually means you have to print and mail your return to the IRS and state. It has not been efiled. You can still get Direct Deposit. And it wil...

Does it say File by Mail -or- Ready to Mail? That usually means you have to print and mail your return to the IRS and state. It has not been efiled. You can still get Direct Deposit. And it will always say Ready to Mail. Turbo Tax doesn’t know if or when you mailed it and the IRS doesn’t update Turbo Tax when they get your mailed return. When you efile you get back 2 emails. The first email only confirms the transmission. The second email says if the IRS (or state) Accepted or Rejected your efile. Check back though your emails and spam/junk folder. How to check your efile status https://ttlc.intuit.com/turbotax-support/en-us/help-article/electronic-filing/check-e-file-status/L9XhHDPtD_US_en_US?uid=lvriwl8j

xmasbaby0

@Jenaynorth Federal>Deductions and Credits>You and Your Family>Child and Dependent Care Credit

rw28

Thank you! Is it that simple or will I have to itemize those capital improvements later in the deductions section?

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Re: Where is the over 65 additional deduction of $6000 per person?

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Re: Can I file a 1120-H

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I have a paystub that lists my YTD overtime. Is this what I would enter for my eligible overtime or is that a separate document?

If There is a code on my W-2 in box 12 that isn’t showing up on TurboTax, what should I do? The code is “TP”.

Can I file a 1120-H

Re: Where is the over 65 additional deduction of $6000 per person?

Re: why is my Turbo Tax reading my Roth IRA as taxable income even though I didn't exceed 2025 $7...

Re: Error report: 2025 contribution level for 401(k) is wrong, still shows 2024 limit

The program will not allow me to update my SSA-1099 information

Re: entering capital improvements on Sale of Second home

Re: Why am.i seeing file by mail when I selected firect deposit ?

Re: where do i find the childcare tax info?

Re: entering capital improvements on Sale of Second home

Do you have a TurboTax Online account?

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