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The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new... See more...
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf  
If you don't ever owe taxes and this year there is a change, common reasons may be:   1). Your w-2 information may not have been entered correctly. Review all boxes in your w-2s and other income ... See more...
If you don't ever owe taxes and this year there is a change, common reasons may be:   1). Your w-2 information may not have been entered correctly. Review all boxes in your w-2s and other income sources.   2). Pay increase that was not accounted for by adjusting your w-4. Here is a link to a w-4 calculator.    You may also review your prior year return and compare it to the current year to ensure you have not left anything out.
If you use the CASH method of accounting, you report income when you receive it, so you should have reported the income in 2024.  You could then expense the cost of the inventory in 2025 when you pur... See more...
If you use the CASH method of accounting, you report income when you receive it, so you should have reported the income in 2024.  You could then expense the cost of the inventory in 2025 when you purchased it.  If you are an ACCRUAL method taxpayer, you would report the income when it is earned (when the product was delivered and the sale finalized in 2025).     If you are a cash taxpayer, to be 100% correct, you would amend your 2024 tax return to report the income and expense the inventory in 2025. For more information, please see What is the cash method of accounting? and What's the accrual method of accounting?  
  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/   ... See more...
  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.              
What is holding up to print out state taxes
Didnt get option to choose advance refund
  I NEED A COPY OF MY W-2  (or 1099)      W-2's come from employers.  There is not a federal or national website that provides W-2’s.     TurboTax does not have a copy of your W-2—the Wag... See more...
  I NEED A COPY OF MY W-2  (or 1099)      W-2's come from employers.  There is not a federal or national website that provides W-2’s.     TurboTax does not have a copy of your W-2—the Wage & Tax Statement—issued to you by your employer, (nor does TurboTax have copies of your 1099’s).   Whether you entered your W-2 by keying it in yourself, importing from a payroll site or by snapping a photo using the mobile app—-TT does not have a copy of your W-2.  If you saved a pdf of your completed tax return, the worksheets will show the W-2 information you entered, but not the actual W-2.      You should always save those documents for your own records. You could ask the employer(s) for copies or you can get a copy from Social Security (for a fee of $62).   To get a copy of a W-2 from Social Security https://faq.ssa.gov/en-us/Topic/article/KA-02501   https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/irs-procedures/transcript-or-copy-of-form-w-2/transcript-or-copy-of-form-w-2     You can get a wage and income transcript from the IRS:  It will not show the actual W-2, 1099’s, etc, but will show the income information the IRS received.  It will not, however, show your state information. It will only show the federal information. https://www.irs.gov/individuals/get-transcript   Or you can pay the IRS $30 for an actual copy of your tax return which will include copies of your W-2’s      https://www.irs.gov/pub/irs-pdf/f4506.pdf      https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/get-copy-w-2/L8FTim9MO_US_en_US?uid=m68ee4os     There are over a dozen kinds of 1099's.  A 1099NEC is typically issued by an individual or business for whom you performed work as an independent contractor, so seek a copy from them if you did not save yours.  Many of the other types of 1099's are issued by banks, brokerages and other financial institutions from which you can seek copies.  
I don't understand why I'm having this issue when I already have an account with both companies. Not only that but why are we forced to have only credit karma to get the advance? I'm about to use HR b... See more...
I don't understand why I'm having this issue when I already have an account with both companies. Not only that but why are we forced to have only credit karma to get the advance? I'm about to use HR block.
If you want that level of help, you upgrade and pay an extra fee for online "Live."   LIVE ASSISTED https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm     FULL SERVIC... See more...
If you want that level of help, you upgrade and pay an extra fee for online "Live."   LIVE ASSISTED https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm     FULL SERVICE https://turbotax.intuit.com/personal-taxes/online/live/full-service/    
Sorry---the forum is glitching a little bit and cut off my last sentence which was supposed to say we do not know how much it will cost you to have your past year returns prepared by a tax pro.   ... See more...
Sorry---the forum is glitching a little bit and cut off my last sentence which was supposed to say we do not know how much it will cost you to have your past year returns prepared by a tax pro.   Another thing----if you download the software to do them yourself---those past year returns have to be filed by mail.   When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.    
need someone to help finish my return
If you included the same real estate tax paid twice by entering it while reporting two different loans, you can return to the Mortgage Interest section of TurboTax and delete the duplicated entry: ... See more...
If you included the same real estate tax paid twice by entering it while reporting two different loans, you can return to the Mortgage Interest section of TurboTax and delete the duplicated entry:   Open your return, and navigate to Deductions and Credits Select "Your Home" Select Edit next to Mortgage Interest Remove the amount of the duplicated entry for property tax. Please see this TurboTax help article for more information on the topic of real property taxes.  
I used turbo tax last year but can't find last years tax documents.
Each tax year has to be filed separately using the forms for the specific tax year.  They cannot be combined in any way--do not even put them in the same envelope when you mail them.  Software for pa... See more...
Each tax year has to be filed separately using the forms for the specific tax year.  They cannot be combined in any way--do not even put them in the same envelope when you mail them.  Software for past years is available back to 2022.  Any earlier years can only be prepared on paper forms by hand--and those refunds have been forfeited now. Online preparation and e-filing for 2022, 2023, and  2024 is permanently closed. Note:  The desktop software you need to prepare the prior year return must be installed/downloaded to a full PC or Mac.  It cannot be used on a mobile device.   To file a return for a prior tax year  If you need to prepare a return for 2022, 2023, or 2024  you can purchase and download desktop software to do it, then print, sign,  and mail the return(s) https://turbotax.intuit.com/personal-taxes/past-years-products/ You may also want to explore purchasing the software from various retailers such as Amazon, Costco, Best Buy, Walmart, Sam’s, etc.   Remember to prepare your state return as well—if you live in a state that has a state income tax.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0       Sorry--the TurboTax experts do not prepare past year returns.   If you want someone to prepare the returns for you, seek local paid tax help.  We do not know how muc
Yes, after you select that you have the uncommon situation of overtime, a series of questions will be generated.   Here are the steps to ensure the overtime wages are properly treated on your tax... See more...
Yes, after you select that you have the uncommon situation of overtime, a series of questions will be generated.   Here are the steps to ensure the overtime wages are properly treated on your tax return:   On the screen "Let's see if your overtime qualifies as tax-free," either select "Help me calculate my eligible overtime" or "No help needed—I know what to enter." No matter which option you selected in Step 1, the next screen will ask if you were or were not an exempt employee.  Note that you must be non-exempt in order to be eligible for the overtime deduction. Next, if you chose that you know what to enter, you will be asked to enter your deductible overtime from your employer, you can continue on, and TurboTax will compute the deduction, if you are eligible.  If you chose that you needed help, you will be asked what info you have about the overtime and will be guided through the computation.  If your overtime is not on your W-2 or a letter from your employer, it is highly recommended to obtain and save your last paystub of the year. Here is an article you may find helpful: No Tax on Overtime Explained: Qualified Overtime Deduction Rules for 2025