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a month ago
It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 1...
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It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. If you are married you have to file a Joint return.
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 …. ,
a month ago
I have found a better option for filing this year
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a month ago
No worries! No not claiming a credit. Took a distribution to pay SAT registration fees. Distribution amount = fees paid. So it should not be taxable, but it comes up taxable.
a month ago
how do i claim the big beautiful bill deduction for those over 65?
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a month ago
No, you cannot be claimed as anyone else's dependent. You are too old to be a "qualifying child" and made too much income to be a "qualifying relative."
a month ago
If you only want to file federal you don’t have to pay for state. If it starts a state return you can delete it in both Online and Desktop. To not pay for state you can delete it. How to delet...
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If you only want to file federal you don’t have to pay for state. If it starts a state return you can delete it in both Online and Desktop. To not pay for state you can delete it. How to delete the state, https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-delete-my-state-return-in-turbotax-online/00/25895
a month ago
Here is how you can enter the carryover manually if you were not able to transfer last year's return in TurboTax Online/Mobile: Go to the capital loss carryover screen under Wages & Income. Note ...
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Here is how you can enter the carryover manually if you were not able to transfer last year's return in TurboTax Online/Mobile: Go to the capital loss carryover screen under Wages & Income. Note that you should enter your entire capital loss carryover. The software will limit you to the allowable up to $3,000 loss after netting with capital gains. See: How do I enter my capital loss carryover? for more information.
a month ago
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a month ago
From the School District Income Tax website:
Ohio has two different types of taxing school districts, traditional and earned income. You can find out your school district’s tax type by using...
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From the School District Income Tax website:
Ohio has two different types of taxing school districts, traditional and earned income. You can find out your school district’s tax type by using The Finder.
Traditional: This method uses the modified adjusted gross income (MAGI) minus the exemption deduction to determine your taxable income. Retirement income may be taxable under this method.
Earned Income: This method taxes employee wages earned plus net earnings received from self-employment that are included in the MAGI. Retirement income is not taxable under this method.
For more information on MAGI, see the FAQ Income- General Information, under the question, “What is Modified Adjusted Gross Income?”
a month ago
All I was given is my work W2 and the un-adjusted 1099
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a month ago
Massachusetts Fiduciary Income Tax Return - Non-Resident Beneficiary and all income is non-Massachusetts source. Trust is a Massachusetts resident Trust by virtue of its trustee being a Massachusett...
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Massachusetts Fiduciary Income Tax Return - Non-Resident Beneficiary and all income is non-Massachusetts source. Trust is a Massachusetts resident Trust by virtue of its trustee being a Massachusetts resident. My understanding is with non-resident beneficiaries only the Massachusetts-sourced income is taxable. Since all of the income of the Irrevocable trust is interest and dividends from mutual funds (intangible personal property) it is not considered Massachusetts-source income. Mass Gen Laws ch 62 sec 5A(a). As a resident-trust it is 'subject to Massachusetts jurisdiction', i.e., Massachusetts asserts taxing jurisdiction over the trust based on residency (irrespective of income source). Turning to income, Massachusetts requires inclusion of all income and then in this case subtraction of all income (because it is non-MA sourced and entirely allocated to non-resident beneficiary). I believe the result is a filing would seem warranted despite there being no tax liability. Using TurboTax Massachusetts Fiduciary return software I'm unable to figure out how to how to show that the income is not subject to tax in Massachusetts and 'zero out' any tax liability. What TurboTax form or table is used to show that the income is not subject to tax in Massachusetts and to 'zero out' any tax liability? Any thoughtful feedback is much appreciated.
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a month ago
I do not have Form 2210 in my 2024 return.
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a month ago
I resided in California for 9 months of 2025 but TurboTax is saying that I'm not eligible for a deduction.
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a month ago
1 Cheer
This is still not working for me. I continue to be unable to add new assets, I do have the most current update to Turbo Tax 2025 Home & Business: 025.000.0247 is the version. I'm attempting to us...
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This is still not working for me. I continue to be unable to add new assets, I do have the most current update to Turbo Tax 2025 Home & Business: 025.000.0247 is the version. I'm attempting to use the Step by Step feature instead of entering the new assets using the forms. I generally find that Step by Step walks me through everything that is needed but it is not for this case. Any updates or suggestions are appreciated.
a month ago
All I did was conversion of some funds from Trad IRA to Roth IRAs (belive it is called a backdoor contribution), no additional contributions made this year as we retired so can no longer contribute t...
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All I did was conversion of some funds from Trad IRA to Roth IRAs (belive it is called a backdoor contribution), no additional contributions made this year as we retired so can no longer contribute to an IRA. Just wanted to convert some traditional funds to a Roth IRA to avoid RMD requirements in a few years. Thought those funds were just considered taxable funds. To the best of my knowledge there are no limits as to the amount so do ot see the reason to report value of all IRA funds? TT is requiring a number, at present I just entered $1 as do not understand why I need to enter anything at all. Thank you.
a month ago
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...
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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 senior deduction has nothing to do with whether you are getting Social Security)
The deduction is not on the same line as your standard deduction. It is shown separately.on line 13b.
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 deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)
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
Need to see it?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr
If you are not getting the senior deduction it is because
Your date of birth in MY INFO shows that you were not 65 by the end of 2025
Your income is too high
You are filing married filing separately
a month ago
Do you mean you want to delete your state tax return?
DELETE STATE
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/delete-state-return-turbotax-online/L8v9awRbh_US_en_...
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Do you mean you want to delete your state tax return?
DELETE STATE
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/delete-state-return-turbotax-online/L8v9awRbh_US_en_US?uid=m6fb06vp
a month ago
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