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It depends, Social Security income may be taxable depending on your total income and filing status. If your total income including half of your Social Security benefits and other income sources is less than $25,000 (for single, Head of Household, and qualifying surviving spouse filers), it is very likely that none of your Social Security benefits are taxable. For married couples filing jointly, the threshold is $32,000. If your Social Security income is less than $25,000 and you have little to no other income, you probably won't owe taxes on your Social Security benefits.

The laws pertaining to taxing Social Security did not change when the new tax law changes passed in July 2025   Social Security can still be taxed.   If Social Security is your ONLY income you do not have to file a tax return unless you have a 1095A for marketplace health insurance.     If you have other income in addition to the SS, then your SS may be taxable.     Up to 85% of your Social Security benefits can be taxable on your federal tax return.  There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits.  When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable.     What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2021 it was  $18,960.  For 2022 it was  $19,560  —  for 2023 $21,240)  For 2024, $22,320.  For 2025 it will be $23,400; 2026   $24,480   After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare.  If you work as an independent contractor then you will pay self-employment tax for Social Security and Medicare.   To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2025 Form 1040   https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable   You need to file a federal return if half your Social Security plus your other income is   Single or Head of Household      $25,000 Married Filing Jointly                  $32,000 Married Filing Separately            $0   Some additional information:  There are 9 states that tax Social Security—Colorado, Connecticut,, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont  and West Virginia These states offer varying degrees of income exemptions, but two mirror the federal tax schedule: MN and VT.     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    

Follow these steps to enter: In the Federal Taxes, Deductions & Credits  Under Estimates and Other Income Taxes Paid, click Start for Estimated Tax Payments  Under Other Income Taxes Paid in 2025 click Start next to Withholding not already entered on a W-2 or 1099. Your withholding will be applied to your Colorado state income tax return.

To enter an additional contribution to your Health Savings Account (HSA) not made through your employer in TurboTax, go to the Wages & Income section. 1. Find and select Health Savings Accounts (HSA). 2. Enter details about your HSA contributions, including those made directly by you. 3. Contributions made by your employer should appear on your W-2 Box 12 with Code W; enter any other contributions separately when prompted.  

Editing forms unfortunately will prevent the return from being e-filed.   I had already tried that.   I simply entered the deduction under "other business expenses" with description as home office simplified deduction and the square footage.   If I get audited I'll just explain that Turbotax was unable to handle this deduction.     I look forward to this being fixed for next year.   Alternatively, please consider allowing e-filing of returns with edited forms, since that is often the only way to fix Turbotax errors such as this.

In TurboTax, you don't directly enter prior year college scholarships to avoid the 10% penalty on 529 plan withdrawals. Instead, you report your 529 plan distributions and then adjust for qualified education expenses reduced by any tax-free scholarships received that year. This adjustment affects the calculation of taxable earnings on nonqualified withdrawals, potentially reducing the 10% penalty. To handle this in TurboTax: 1. Enter your 529 plan distributions exactly as reported on Form 1099-Q. 2. When asked about qualified education expenses, enter the expenses paid in the current tax year. 3. Enter any tax-free scholarships or grants received for the year, which reduce your qualified education expenses. This will calculate the adjusted qualified education expenses and determine if part of your 529 distribution is subject to tax and penalty. Prior year scholarships are typically considered through adjustments if reported on Form 1098-T or corrected scholarships, but they aren't entered separately in TurboTax. The key is accurately entering your qualified expenses and scholarships for the withdrawal year to reduce penalties.

I got to the Partnership/LLC K-1 Summary page but when I depress Add Another K-1 I don't see the option to import the K-1.  I just see the screens where I need to manually enter the information.  Am I missing something?

The IRS requires that, IF rounding is used, it must be used consistently. The IRS policy on rounding is referenced in Notice 1036, which includes tables for income tax withholding:   If rounding is used, it must be used consistently. Withheld tax amounts should be rounded to the nearest whole dollar by dropping amounts under 50 cents and increasing amounts from 50 to 99 cents to the next dollar. For example, $2.30 becomes $2 and $2.50 becomes $3.   It is also referenced in the Instructions for Form 8949:   You can round off cents to whole dollars on Form 8949. If you do round to whole dollars, round all amounts. To round, drop cent amounts under 50 cents and increase cent amounts over 49 cents to the next dollar. For example, $1.49 becomes $1 and $1.50 becomes $2.   Yes, following the IRS rounding policy, the total of several rounded entries may vary from the total of all of the actual numbers in the sum.   @user17727221511 

Thanks.  I had always done it for years prior to last year at the time I submitted my taxes and didn't remember having to do that trick, the Print Center was always just there when you went to review your returns.  So since I didn't know that trick I skipped the worksheets, and by the time I researched it and found the trick later in the year, it was too late.  I was hoping they would have made it easier by now, and let you do it for previous years.  I guess not.  Anyway, I just saved my 2025 federal return with the worksheets, so I'm good for this year.  Thanks.

Understood re: the reporting requirement and basis...   Seems like the app just assumes everyone is below their basis amount on a liquidating distribution (or, in my case, an irregular private stock buyback where they've used box 9 on a 1099-DIV) and doesnt prompt for basis/gain? IE, you can upload the form, confirm the amount, and then just proceed with the return since there's no gain to calculate?   Presumably if you had recovered your basis, either in earlier transactions or in net after the reported sale, is there actually a way to enter this in conjunction with the information reported in box 9? Or does it make more sense in this scenario to just totally ignore your 1099-DIV and enter basis/sale/gain/etc amounts separately in some other area?

PC Download Version - As a follow-up to my original post, I checked TurboTax 2024 to see if this was a new bug introduced in TurboTax 2025 and this same bug is also in TurboTax 2024 (e.g. multiplying Quantity of Shares on the T5008 form by 100 when displaying the # of shares on the S3(SUPP) form).   TurboTax 2023 is correct and transfers the Quantity of Shares exactly as entered into # of shares on the S3(SUPP) TurboTax form so it looks like this bug was first introduced in TurboTax 2024.   For large numbers of trade transactions,  the S3(SUPP) is useful and much easier to review/proof read the T5008 entries than scrolling 3 entries at a time within the small T5008 window within TurboTax.  The T5008 slip from your Financial Institution is not very useful for final verification since the ACB is rarely accurate (for a number of reasons as acknowledged by the financial institution) and these entries won't match what is being submitted to the CRA for USD T5008 entries since multiple conversion rates are often required.    I realize the Capital Gain/Loss calculations are still correct according to  the T5008 form input, however, to avoid confusion for those who do check the S3 (SUPP), it should be fixed.     Steve         

2024 and 2025 turbo tax is not using the Qualified Dividend and Capital Gain Tax Worksheet when there are qualified dividends.  In my case this worksheet allows for lower taxes and, although I can open it, Turbo tax will not accept entries nor use it in the tax calculation.  I suspect this error goes back further.