All Posts

 Something happened with your state return.   We cannot say if the state lost it or if the state return was not filed or if it was rejected last year.   But reality is that if the state is denying that they received your return, and you want to get your 2024 state refund ----  print, sign and mail your state return to the state.  Use a mailing service like certified mail so you will know they received it.  To find your 2024 return:   You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2025 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US   https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0   You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.     @cingram58

I spent a great deal of time looking for the policy that @VolvoGirl referenced and intended to post it here, already done. Thank you VolvoGirl!   In my hunt I found there are many different MAGI calculations, some of them dismiss all IRA contributions, add back in foreign income, 1/2 self emp. tax, ect. Even then I questioned if that included SEP IRA contributions. Don't trust AI searches, the results were contradictory depending on how the questions were asked. None of the AI answers I found were actually correct per the policy.   Most of the MAGI calculations (but not MAGI for IRMAA) can be found here;  hunt for IRS MAGI (wouldn't let me post a link - look for result with Modified Adjusted Gross Income  | Internal Revenue Service)   For IRMAA / Medicare premiums (as already mentioned) Can't post the link as a link but piece it together from secure.  ssa.gov  /  poms.nsf  /lnx  /0601 1101 1120   A. Policy for MAGI 1. Modified Adjusted Gross Income (MAGI) is the sum of: The beneficiary’s adjusted gross income (AGI) (found on line 11 of the Internal Revenue Service (IRS) tax filing form 1040), plus tax-exempt interest income (line 2a of IRS Form 1040).   2. The MAGI used to determine if the income-related monthly adjustment amount (IRMAA) applies is the most recent tax information that IRS is able to provide. Generally, the information is from two years prior to the year for which the premium is being determined, but not more than three years prior. For example, 2026 premiums are generally about how MAGI is used.based on 2024 tax return information. See HI 01101.020   3.Beneficiaries with Medicare Part B, prescription drug coverage, or both, with MAGI above the applicable threshold pay more toward their coverage premiums because of IRMAA. See the policy for MAGI thresholds in CB.   4. Beneficiaries with MAGI above the threshold are subject to a sliding scale increase in their premiums. See    HIRMAA Sliding Scale Tables   B. Policy for MAGI thresholds The MAGI thresholds used for IRMAA calculations are: IRS Filing Status2023202420252026 Married, filing jointly $194,000 $206,000 $212,000 $218,000 All other filing statuses $97,000 $103,000 $106,000 $109,000   The End of the Story and I finally feel comfortable. I know this post is adding some redundancy but I hunted for a long time to find the link on my own, so I'll reiterate again where it's at. Knowing that a Traditional or SEP Traditional IRA contribution might keep you from breaching an IRMAA penalty threshold is a big deal. Go over by $1 and the Medicare premiums increase by 1.4x, jump two thresholds (not shown) and it's 2.0x   Sell a piece of investment property with a significant gain, 2 years later it could be, congratulations you have more expensive Medicare. I did that in 2025, but at least I know it's coming and I mitigated some of it. I sold a rental we've held for a long time, most of the gain was for capital gains, so I gifted a 19% of the property to my daughter (before the sale, so she was on the title) who's income is low and is the 0% capital gains bracket.   It allowed me to give her a nice bit of money that included money that otherwise would have been paid out as capital gains tax and it will kept me from breaching two medicare premium thresholds. Win Win. If I don't breach the 2nd one in 2026 (which is known) I surely won't breach it in 2027 (unknown) when it counts. That the rise in the income threshold limits is inflation based, which isn't known, makes it a best guess about where the 2027 brackets for 2025 income will be.    Now I'm planning for next year at to what can I do to reduce AGI, without limiting income. SEP IRA (can't do non SEP IRA), Self Emp. Medical Premium Deduction and maybe some IBOND purchases (IBONDs don't pay interest until redeemed). I have RMDs to worry about, but if you are just starting RMDs that extra bit that gets added to the Qualified money pile (tax sheltered accounts) from the IRA contribution; that RMDs turn around and distribute, gets spread out over many years.  Still everyone has to do there own projections. QCDs are another possibility, Qualified Charitable Contributions made directly RMD distributions do not count as income. QLAC Annuity - Retirement Plan that allows for a limited amount of money to be sheltered and distributed later. it's a possibility if you have some interest income producing non qualified money and want to kick the can down the road (kind of like IBonds). But it does kick the can down the road, you loose a lot of control of the money and so far I haven't found a QLAC that I like. I could look into LTC, haven't done that. I'm rambling, time to stop

Are you doing a 2024 return or 2025?   If your first have a penalty on 1040 line 38 it is not about 2024.   It's not for filing or paying late.  It doesn't have to do with last year's tax return or not paying estimates for this year.  The penalty is an "estimated" amount.    It's a penalty if you owe too much or for not paying in enough withholding during the year or not paying in evenly.  Even if you are getting a refund you can still owe a penalty.   The underpayment penalty amount Turbo Tax calculates on your 1040 or state is only an estimate.  Turbo Tax can not figure it accurately because they don't know exactly when the IRS or state will get your return and tax due payment.  It's very common and normal and expected for the IRS or state to bill you for more or send you a refund.   If Turbo Tax calculates a penalty on 1040 line 38…..You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you.  It's form 2210.   It's under Federal or Personal (for Home & Business Desktop) Other Tax Situations Additional Tax Payments Underpayment Penalties - Click the Start or update button  

Oh, so not college expenses.  The SAT fees I think are covered under the new tax law for K-12 expenses.  I'm not sure.  Is there a separate line item to put that in as an expense?  If there is a line on the People worksheet, it should transfer to the qualified educational expenses line on the Student Info worksheet.

@mommybearo , generally what should happen : (a) you prepare  the non-resident return, recognizing the rental income ( you have it on Schedule-E for your federal) and compute the taxes due thereon (b) then you prepare the return for your resident state. This should result in your  resident state giving you a credit for taxes already paid to the non-resident state.   Is that what you have done ?

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)   TurboTax Online: Open your return -Go to the menu panel on the left side of your return and select Tax Tools.  Then select Tools below Tax Tools. A window will pop up which says Tools Center.   On this screen, select Share my file with Agent. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information. TurboTax Desktop: If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps: Click on Online in the top left menu of TurboTax Desktop for Windows Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number. Enter your email used for TurboTax > Enter your code > Send Write down or send an image of your token number and state then place in this issue. We can then review your exact scenario for a solution. Please also tell us any states included in the return. This is necessary for us to view the return. *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')   We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.   @jgetty1959