All Posts

If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $150,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

In TurboTax Online, you may start over the state income tax return and re-visit the screen Summary of Oklahoma Capital Gains and Losses.   In TurboTax Online, you also may be able to remove Oklahoma form 561 by following these steps:   Down the left side of the screen, click on Tax Tools. Click on Tools. Click on Delete a form. Find the form listed and click Delete to the right.

Thank you for the reply. A couple of other references confirm your analysis is the issue.   TurboTax should have flagged the age issue for digital signatures since TurboTax had the child's birthdate. Being an retired IT manager, I view this as a programming bug.   Thank you again for the prompt response. We will paper file his return.

@Aaditya wrote: Hello I tried to file the tax and after filling everything it was for payment of $159, is it normal? I am not seeking any expert help or anything but still why this much to charge? See this TurboTax support FAQ for how to view your account fees - https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US   Or click on Price Preview at the top right of the online program screen.   What is included in the fees?

A new, temporary additional deduction of $6,000 for those aged 65 and older (or $12,000 for a married couple if both qualify) is available for tax years 2025 through 2028. The deduction begins to phase out at income greater than $75,000 and $150,000 if you’re married filing jointly. This is in addition to the standard deduction or itemized deductions.    The senior deduction is automatically calculated by TurboTax based on the dates of birth you entered for each spouse.   The senior additional deduction is not included in the standard deduction but appears on line 37 of Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040.   In TurboTax Online, you can only view Schedule 1-A after registering and paying the TurboTax fee.   But you can preview your form 1040 and check line 13b of your form 1040 which includes the senior deduction among other deductions if applicable, such as the tip deduction, the overtime or the car loan interest deduction.   to preview your form 1040 in TurboTax Online, follow these steps:   Open your return In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools On the Tools Center page, click on View Tax Summary In the left-hand column, click on Preview my 1040 Your form 1040 will display. Scroll down to line 13b   and you should see the amount of this deduction included in this line.

I am using Windows 2025 version of the software. I have filled out the required 1099-R information and the 5329-T Part XI as required for an incomplete RMD withdrawal. The "Waiver of Tax Smart Sheet" opens the "Explanation Statement" window with the appropriate information documenting a "Waiver Explanation". However, no text is kept in the explanation lined area.  (This should be a standard expandable text box.) I found no other way in forms or Step by Step to enter this explanation.

If the dependent is age 17 or older they are not eligible for the child tax credit.  They are only eligible for the $500 Other Dependent credit.   Go back to My Info on the left side of the online program screen. Edit the dependent and carefully check your answers to the questions. Note - A child born in 2025 is deemed to have lived in your home for the entire year. Make sure you select them as your Child, that you selected that they lived in your home for the Whole Year, temporary absence for education is deemed living in your home. That they did NOT provide over one-half of their own support (You Did), that you indicated there was no one else in the household providing support to them, and that you did NOT check the box labeled Not valid for employment in the Social Security number section.   If all your answers are correct then delete them as a dependent and re-enter.

My advice is not to try the cancel process because it's already been filed. A clear and simple process with your proof for future use is using the instructions below and mail the corrected forms.   It would be the most common method of correction. The mailing addresses are on the Form 1096. It may be the easiest process Form 1096 Form 1099-NEC @BAY AREA BOOKS 

Thank you for the reply. I did end up changing my No to Yes and moving on. The question's wording is vague ("the total amount in the form"); hopefully the team will do something about it for next year.   Regards, Jfveee