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4 weeks ago
Where can I see prepaid estimated taxes?
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4 weeks ago
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4 weeks ago
@MelindaS1 The bug I reported has not been fixed. I know that the information can be directly entered, but it is THE IRA CALCULATOR TOOL that is at fault, as I have shown several times on this thread...
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@MelindaS1 The bug I reported has not been fixed. I know that the information can be directly entered, but it is THE IRA CALCULATOR TOOL that is at fault, as I have shown several times on this thread. I am attaching another screen print to confirm that the tool incorrectly denies the spousal contribution.
4 weeks ago
Agent
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4 weeks ago
The Form 1040X is scheduled to be available on February 26. The date is subject to change, so check on 2-26 to see if it is ready. Before that, do not change anything at all on your return.
4 weeks ago
Yes. If you do not have income from Instacart or DoorDash for 2025, you can delete the blank form 1099s that carried over from your 2024 return using the trash can icon.
If you plan on doing th...
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Yes. If you do not have income from Instacart or DoorDash for 2025, you can delete the blank form 1099s that carried over from your 2024 return using the trash can icon.
If you plan on doing this type work this year, you may want to leave the self-employment area in TurboTax alone so that everything will be there in case you have income to report on your 2026 tax return. But deleting any blank forms you are not using for 2025 is fine.
4 weeks ago
Still got "590", no luck.
4 weeks ago
If the Florida home was your primary home, Colorado allows the exclusion for the sale of your primary home similar to as on your federal tax return. If it does not qualify, it will be treated as the...
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If the Florida home was your primary home, Colorado allows the exclusion for the sale of your primary home similar to as on your federal tax return. If it does not qualify, it will be treated as the sale of a capital asset. Colorado does not have a favourable capital gain rate- it is a flat rate of 4.4% for 2025.
If it was a rental or business property, the depreciation recaptures at the federal level applies so this is treated as normal income (which once again since Colorado does not offer special capital gain rates would not make a difference in tax owed.)
Since Florida does not have a personal income tax, there would be no credit for taxes paid to another state to apply.
4 weeks ago
To enter estimated tax paid in 2025
Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Estimates
4 weeks ago
I choose Merril. I enter my password etc. and give consent to share. Then the web page says "unable to connect, try again after few hours. I have done this 100 times and the same effect. Please tell ...
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I choose Merril. I enter my password etc. and give consent to share. Then the web page says "unable to connect, try again after few hours. I have done this 100 times and the same effect. Please tell me what I should do.
4 weeks ago
You can get a replacement copy of your SSA-1099 from the Social Security Administration.
Use the following link to get started:
Get tax form (1099/1042S)
4 weeks ago
Thanks for your response, TT does have our correct birthdays and we are not indicated as legally blind. You mentioned that the $1600 additional was met if we were 65 by end of 2025, which we were. ...
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Thanks for your response, TT does have our correct birthdays and we are not indicated as legally blind. You mentioned that the $1600 additional was met if we were 65 by end of 2025, which we were. I just went back to Schedule 1-A and it DOES say born before Jan 2 1961 for the additional deduction. I don't know where I was looking before, maybe help files ( ? ), but I saw the date of Jan 2 1959 for this $1600 calculation which I now see is incorrect. Thanks again for your help!
4 weeks ago
Your Form 8862 must be attached to your federal income tax return (Form 1040). It can be mailed to the IRS center for your area. Where to Mail Based on Your Location (if not specified in your let...
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Your Form 8862 must be attached to your federal income tax return (Form 1040). It can be mailed to the IRS center for your area. Where to Mail Based on Your Location (if not specified in your letter): If you live in: Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, Texas, or Virginia, send to: Internal Revenue Service, Austin, TX 73301-0002 If you live in: Maine, Massachusetts, New Hampshire, New York, or Vermont, send to: Internal Revenue Service, Andover, MA 05501-0002 If you live in: Connecticut, District of Columbia, Maryland, Pennsylvania, Rhode Island, or West Virginia, send to: Internal Revenue Service, P.O. Box 37910, Hartford, CT 06176-7910 If you live in: California, send to: Internal Revenue Service, PO Box 802501, Cincinnati, OH 45280-2501 If you live in: All other states, or foreign countries, send to: Internal Revenue Service, Kansas City, MO 64999-0002 Remember: Do not send the form by itself; it must be attached to your full tax return. If you have a letter that provides an address, use that address. These IRS instructions have the most up-to-date filing addresses. Please return to Community if you have any additional information or questions and we would be happy to help
4 weeks 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
4 weeks ago
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4 weeks ago
How do I claim the senior over 65 deduction in my free version of turbo tax?
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4 weeks ago
Not sure where you have been purchasing desktop download with a "family plan"-- Desktop download includes the software program for one specific state of your choosing and then you pay $40 each for a...
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Not sure where you have been purchasing desktop download with a "family plan"-- Desktop download includes the software program for one specific state of your choosing and then you pay $40 each for additional different state programs. You can purchase the download from Intuit or from various retailers.
2025 TURBOTAX
DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)
https://turbotax.intuit.com/personal-taxes/cd-download/
You can also purchase the desktop download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.
This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.
When you use desktop software, there is an additional fee to e-file a state return. You can avoid that fee if you print, sign and mail the state return.
Several states do not have a state income tax. So these states will not show up in certain drop down lists. Leave boxes 15, 16, and 17 blank when you enter a W-2 for these states.
Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming
SYSTEM REQUIREMENTS FOR DESKTOP DOWNLOAD 2025
https://turbotax.intuit.com/personal-taxes/cd-download/tta-system-requirements/
4 weeks ago
how can I import tax expense information from Quicken Simplifi
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4 weeks ago
I should add one more step. AFTER you do the above steps to adjust the NJ 457 and 403b income to only pay the taxable amount, you must then override the NJ wages to subtract out the amount you just a...
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I should add one more step. AFTER you do the above steps to adjust the NJ 457 and 403b income to only pay the taxable amount, you must then override the NJ wages to subtract out the amount you just added in on the pension worksheet. Otherwise, you will pay tax on the taxable amount of pension AND also pay an additional tax on the full amount of this distribution. Unfortunately, when you do an override in turbotax, you may have to mail in your return.
