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4 weeks ago
Online Deluxe is not free. Online Deluxe is a paid version. And there is a separate fee to prepare a state return.
4 weeks ago
You will need to wait until the updates are released to be sure your depreciation calculations conform to the new IRS rules. Manual entries will not circumvent the form hold for depreciation. These a...
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You will need to wait until the updates are released to be sure your depreciation calculations conform to the new IRS rules. Manual entries will not circumvent the form hold for depreciation. These are IRS constraints. Please be reassured that our development team is working hard to release these updates as soon as possible.
4 weeks ago
No. The lenders title policy would be part of the bank/ finance charge and cannot be added to the property cost basis. Any costs that are related to financing are not added. The CPL Lender fee als...
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No. The lenders title policy would be part of the bank/ finance charge and cannot be added to the property cost basis. Any costs that are related to financing are not added. The CPL Lender fee also cannot be deducted.
Basically, if the fee would NOT be on there if you didn't have a loan on the home, it cannot be deducted.
Fees that can be added to the cost basis are:
Abstract fees (abstract of title fees).
Charges for installing utility services.
Legal fees (including title search and preparation of the sales contract and deed).
Recording fees.
Surveys.
Transfer taxes.
Owner's title insurance.
Any amounts the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions
4 weeks ago
@mariettaga01 It as not a Credit...its an income deduction. __________________ The extra $6,000(single)/12,000(MFJ) for you does not show as part of the Std Ded on line 12e ......it is on ...
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@mariettaga01 It as not a Credit...its an income deduction. __________________ The extra $6,000(single)/12,000(MFJ) for you does not show as part of the Std Ded on line 12e ......it is on an entirely separate line...as part, or all of line 13b on the form 1040 (a couple other things can add into line 13b) And it phases out if your MFJ AGI exceeds $150,000 (or over 75,000 if filing Single) And it isn't allowed at all if you are Married and filing separately, MFS
4 weeks ago
Gambling
To enter the W-2G or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings
You can enter your winnings, and then keep clicking th...
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Gambling
To enter the W-2G or other documents For your Gambling winnings--Go to Federal>Wages & Income>Less Common Income>Gambling Winnings
You can enter your winnings, and then keep clicking through the interview to enter gambling losses.
https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses
Gambling winnings are taxable income. Losses are an itemized deduction. If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.
https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/
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)
4 weeks ago
If you are referring to a lump sum Social Security payment, then you can go back into that section of your return to change the year.
As you go through the Social Security section again, ther...
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If you are referring to a lump sum Social Security payment, then you can go back into that section of your return to change the year.
As you go through the Social Security section again, there will be a summary page showing any lump sum information that has already been entered. You can either delete that entry entirely by using the trash can icon at the right, or you can edit it to change the year using the magnifying glass at the right.
To learn more, see the following TurboTax help article:
What is a lump-sum Social Security payment?
4 weeks ago
As I said yesterday, we are currently investigating this issue and will provide updates as soon as we have them.
4 weeks ago
Did you already e-file? If you did NOT e-file you can go to the FILE section step 2 to enter/change how you want to receive your refund. If you want direct deposit you need the routing number and ...
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Did you already e-file? If you did NOT e-file you can go to the FILE section step 2 to enter/change how you want to receive your refund. If you want direct deposit you need the routing number and your own account number.
If you e-filed:
Banking information for direct deposit is wrong or closed
If you entered incorrect banking information for your refund, you can change it if your return is rejected. If it is accepted, however, it is too late to change it. The bank will reject the refund and send it back to the IRS.
https://www.taxpayeradvocate.irs.gov/news/tax-tips/direct-deposit-changes-for-2026-could-affect-how-and-when-you-get-your-refund/2026/01/
If you take NO action—-the IRS will freeze your refund for at least six weeks and then mail you a check.
If your refund is sent back to the IRS—- make certain that the address you entered on your Form 1040 is correct. And…open all mail, even if it looks like junk mail.
4 weeks ago
@teremiah2002 It's already in there and automatically fills in base on the birthdates you entered: BUT The extra $6,000(single)/12,000(MFJ) for you does not show as part of the Std Ded on l...
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@teremiah2002 It's already in there and automatically fills in base on the birthdates you entered: BUT The extra $6,000(single)/12,000(MFJ) for you does not show as part of the Std Ded on line 12e ......it is on an entirely separate line...as part, or all of line 13b on the form 1040 (a couple other things can add into line 13b) And it phases out if your MFJ AGI exceeds $150,000 (or over 75,000 if filing Single) And it isn't allowed at all if you are Married and filing separately, MFS
4 weeks ago
I do not have a child nor am I obligated to pay child support. I have paid my taxes for the year of 2024 and have not been informed of any existing debts nor do I have any existing federal debts? Why ...
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I do not have a child nor am I obligated to pay child support. I have paid my taxes for the year of 2024 and have not been informed of any existing debts nor do I have any existing federal debts? Why is TurboTax telling me I get a refund and the IRS is telling me the opposite
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4 weeks ago
As along as your Social Security number is the same it should be fine. Many married folks continue to use their "maiden" names.
4 weeks ago
If you are getting Social Security benefits, the amount paid from your benefits flows automatically to medical expenses when you enter the SSA1099 for your Social Security. So you do not enter it ag...
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If you are getting Social Security benefits, the amount paid from your benefits flows automatically to medical expenses when you enter the SSA1099 for your Social Security. So you do not enter it again.
If you paid out of pocket for Medicare then you can enter the amount as a medical expense.
MEDICAL EXPENSES
The medical expense deduction has to meet a rather large threshold before it can affect your return. The amount of medical (including dental, vision, etc.) expenses that will count toward itemization is the amount that is OVER 7.5% of your adjusted gross income. You should only enter the amount that you paid in 2025—do not include any amounts that were covered by insurance or that are still outstanding. Of course, your medical expenses plus your other itemized deductions still have to exceed your standard deduction before you will see a difference in your tax due or refund.
To enter your medical expenses go to Federal>Deductions and Credits>Medical>Medical Expenses
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)
4 weeks ago
The issue still hasn't been resolved. I keep getting looped back to the ready to file screen , it will not let me past the order summary. And I can't get a straight answer after talking to at least 5...
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The issue still hasn't been resolved. I keep getting looped back to the ready to file screen , it will not let me past the order summary. And I can't get a straight answer after talking to at least 5 different representatives.
4 weeks ago
@tad2871 The extra $6,000(single)/12,000(MFJ) for you does not show as part of the Std Ded on line 12e ......it is on an entirely separate line...as part, or all of line 13b on the form 1040...
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@tad2871 The extra $6,000(single)/12,000(MFJ) for you does not show as part of the Std Ded on line 12e ......it is on an entirely separate line...as part, or all of line 13b on the form 1040 (a couple other things can add into line 13b) And it phases out if your MFJ AGI exceeds $150,000 (or over 75,000 if filing Single) And it isn't allowed at all if you are Married and filing separately, MFS
4 weeks ago
solar panel credit
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4 weeks ago
From the video link, "How do I import my W-2 in TurboTax Online?":
To get started, open and continue your return, then visit the Wages & Income section and look for W-2.
If you’re enter...
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From the video link, "How do I import my W-2 in TurboTax Online?":
To get started, open and continue your return, then visit the Wages & Income section and look for W-2.
If you’re entering your W-2 for the first time this year, you’ll be prompted to work on it. If you’ve already entered your W-2, you can choose to edit it or add another one.
To import your info, find the Employer ID Number or EIN in box b on your W-2. Enter the EIN and follow the prompts.
To upload a PDF, JPEG, or PNG of your W-2, select Upload and choose the file from your computer. TurboTax will extract and populate the information directly from your form.
If you can’t import your W-2 information, you can type it in by hand or use the TurboTax mobile app and your smartphone to snap a photo of your W-2.
Note: if you had the same employer this year as last year, you can get their EIN number by looking at last year's W-2 (box b).
You can also navigate to the W-2 import menu by logging in to the TurboTax home screen, selecting Documents on the left-hand side (underneath Tax Home), selecting Add tax docs and then Upload, and following the prompts from there.
4 weeks ago
Your best option is to wait until after February 13, 2026, which is the expected release date for the updated depreciation calculations. If you have entered everything else on your return and have ru...
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Your best option is to wait until after February 13, 2026, which is the expected release date for the updated depreciation calculations. If you have entered everything else on your return and have run Smart Check under Review, this update will allow you to e-file your return.
4 weeks ago
TurboTax can't resolve this issue; however you can use the phone number listed by state at
The Health Insurance Marketplace
You should contact your States Marketplace, and attempt to reso...
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TurboTax can't resolve this issue; however you can use the phone number listed by state at
The Health Insurance Marketplace
You should contact your States Marketplace, and attempt to resolve the problem.
4 weeks ago
@Tvmusic88 The extra $6,000/12,000 for you does not show as part of the Std Ded on line 12e ......it is on an entirely separate line...as part, or all of line 13b on the form 1040 (a couple...
See more...
@Tvmusic88 The extra $6,000/12,000 for you does not show as part of the Std Ded on line 12e ......it is on an entirely separate line...as part, or all of line 13b on the form 1040 (a couple other things can add into line 13b) And it phases out if your MFJ AGI exceeds $150,000 (or over 75,000 if filing Single)
4 weeks ago
In Arizona we can take advantage of the vehicle's registration tax fees.
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