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4 weeks ago
What is a pre tax IRA? Did you enter it under Deductions? Pre tax items are normally only entered from your W2. If you entered it again under Deductions you may have made an excess contribution...
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What is a pre tax IRA? Did you enter it under Deductions? Pre tax items are normally only entered from your W2. If you entered it again under Deductions you may have made an excess contribution. That would be on form 5329 .
4 weeks ago
2 Cheers
Mine is showing the same available soon and today is the day you can start filing. It also states available soon on ev charging station even though I do not need that. Even after updating and reinsta...
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Mine is showing the same available soon and today is the day you can start filing. It also states available soon on ev charging station even though I do not need that. Even after updating and reinstalling it states the same thing.
4 weeks ago
It's unclear what you need from the information you provided. Can you let us know what screen you are on, or what questions you are being asked?
4 weeks ago
Depending upon your location, boxes 18-20 could reflect taxes pay to a city, county or school district. You will be able to tell the different taxes from the information that is reported in box 20. ...
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Depending upon your location, boxes 18-20 could reflect taxes pay to a city, county or school district. You will be able to tell the different taxes from the information that is reported in box 20.
You are able to report multiple lines of box 18 - 20 by selecting Add another locality when entering your W-2.
See also this TurboTax Help.
4 weeks ago
4 weeks ago
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4 weeks ago
2 Cheers
Same here. I tried going to the Form section to fill out the information. The only information that I can input is my main residence address. Any other fields allow me to click on a box, but will ...
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Same here. I tried going to the Form section to fill out the information. The only information that I can input is my main residence address. Any other fields allow me to click on a box, but will not allow manual input. Very disappointed in TT - I've used the product for around 20 years and have never experienced this lack of not communication when this will be available for the desktop software.
4 weeks ago
Two days later: If they hadn't sent this e-mail, I'd be happy waiting. Now I feel misled and will be waiting unhappily. 😉
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4 weeks ago
Individuals and entities that are not corporations but only if your rental is a trade or business (or if you're claiming the QBI deduction).
4 weeks ago
How do I downgrade?
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4 weeks ago
Suggestion to TurboTax programmers: Do not recalculate tax liability on this page: "Let's get more information about your Required Minimum Distribution (RMD)." Wait until the user specifies what...
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Suggestion to TurboTax programmers: Do not recalculate tax liability on this page: "Let's get more information about your Required Minimum Distribution (RMD)." Wait until the user specifies what the 1099 R distribution amount was for on "How much of this distribution applied to your December 31, 2025 RMD?" before recalculating tax liability. This will provide a more intuitive user experience.
4 weeks ago
If you are not able to import your Form 1099-R into TurboTax, you can manually enter your 1099-R with the following steps:
1) On the 1099-R import screen in TurboTax Online, select Change how I...
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If you are not able to import your Form 1099-R into TurboTax, you can manually enter your 1099-R with the following steps:
1) On the 1099-R import screen in TurboTax Online, select Change how I enter my form
2) On the following screen, you will have these options:
a) Bring it over from my bank
b) Upload it from my computer
c) Snap a photo with your phone
d) Type it in myself
In TurboTax Desktop, select Skip Import on the 1099-R import screen to enter the form manually.
4 weeks ago
I am having the same problem with Turbo Tax calculating the incorrect federal income tax amount for 2025. I am a retired tax CPA and have compared my tax calculation to the IRS and AARP. Myself, IR...
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I am having the same problem with Turbo Tax calculating the incorrect federal income tax amount for 2025. I am a retired tax CPA and have compared my tax calculation to the IRS and AARP. Myself, IRS and AARP come to the penny of the same tax calculation. Turbo tax is $800 off. Since I cannot see how the tax is calculated I am at a loss what to do from here. I may just go back to a manual paper return and demad a refund from Turbo Tax unless anyone else has any thoughts?
4 weeks ago
I have 3 IRAs and took all RMD from one account. Because I didn't take any distribution from 2 accounts I have no 1099R from them. Turbo tax calculates a penalty and asks if you want to file waiv...
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I have 3 IRAs and took all RMD from one account. Because I didn't take any distribution from 2 accounts I have no 1099R from them. Turbo tax calculates a penalty and asks if you want to file waiver. Is this the only way to indicate you have taken the correct entire RMD?
4 weeks ago
If you edit or review a 1099R it does not keep your answers from before but resets them to the defaults. Then you have to go through and answer them all again. So be sure to go all the way to the end...
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If you edit or review a 1099R it does not keep your answers from before but resets them to the defaults. Then you have to go through and answer them all again. So be sure to go all the way to the end of the 1099R section. They are right unless you go back.
4 weeks ago
True, but not true. Check the "Charitable Organization Worksheet". Cash donations should be noted there and broken out by date.
4 weeks ago
2 Cheers
It is Monday 1.26.2026 and I am still getting a message that it is not available yet. I do the check online for updates and still get nothing.
4 weeks ago
You may need to do a manual update.
Try clearing your Cache and Cookies and then try this link instructions.
@Jeff_in_Michigan @AssociatesAndRob @dbisoni
4 weeks ago
Had rodent, electric, plumbing, and irrigation work done through named companies/LLCs. No work done through handyman.
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4 weeks ago
We do not know what your W-2 or your paystub looks like. Perhaps you paystub displays 'overtime premium' or 'overtime'.
For tax years 2025 through 2028, individuals who receive qualified overt...
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We do not know what your W-2 or your paystub looks like. Perhaps you paystub displays 'overtime premium' or 'overtime'.
For tax years 2025 through 2028, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay.
For many, the amount is the “half” portion of “time-and-a-half” compensation that is required by the Fair Labor Standards Act and reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.
As an example, if the employee’s regular rate of pay is $20 per hour and the employee worked one hour of overtime, the employee’s overtime pay would be $30 ($20 x 1.5).
The employee’s qualified overtime would be $10 ($30 overtime pay less $20 regular pay). In this example, qualified overtime for deduction purposes is equal to one-third of total overtime: $30 / 3 = $10.
Referring to the example above, if the paystub displays 'overtime' of $30, the paystub is displaying the regular wage plus the qualified overtime for deduction purposes.
Referring to the example above, if the paystub displays 'overtime premium' of $10, this would be the qualified overtime for deduction purposes.
For the deduction for qualified overtime:
Maximum annual deduction is $12,500 ($25,000 for joint filers).
Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).
The deduction reduces federal income tax liability, it does not exempt overtime pay from Social Security and Medicare taxes. Employees will still owe these taxes on their overtime earnings.
Taxpayers filing as married filing separately are not eligible for the deduction.
The deduction is available for both itemizing and non-itemizing taxpayers.