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Thank you Robert.  So does it seem reasonable to pay about 3K on capital gains of 12K? If it is then, I should be fine.  I just found very high giving that with my taxable income of about 230 I was paying 40K in taxes. 

I just tried both scenarios in TurboTax. We don't qualify for AOP credit because her tuition was paid by a restricted use state scholarship, and the rest of the expenses are non-qualified education expenses as room and board. So if we claim her as a dependent, we will get the extra dependent credit. And it does not change her refund either way - whether she is claimed by someone or not. Does it appear to be correct? 

Thanks, i was hoping that the 1040-SR would be a federal form in TT vs a worksheet. i cant copy the worksheet and file it so I will print off the work sheet from TT then file out an empty 1040-SR form from on line.

If you've been reporting your non-deductible Roth IRA contributions over the years, you would have a Form 8606 that tracks the balance for you.   Reporting them saves you money down the road because no individual’s money is supposed to be subject to federal income tax twice. Form 8606 gets it “on the record” that a portion of the money in your IRA has already been taxed. Later on, when you take distributions, a portion of the money you get back will not be subject to income tax.  Here's more detailed info on Form 8606.    If you took a distribution from a Roth IRA in 2025, Form 8606 is triggered for you, which is why TurboTax is asking for your prior contributions amount.  To find your total historical Roth IRA contributions, review your annual Form 5498 from your custodian (should be available on their website) or request a contribution history report from your brokerage.   @aatkinso     

If you are filing as Married Filing Separately you are not eligible for the deduction.  If you are Single and your AGI is over $150,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.   If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.   Standard deductions for 2025 Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers. The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b Look at your Form 1040 - You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

You complete your tax return by finishing all 3 Steps in the File section. In Step 3, to e-file your tax return, you must click on the large button labeled "Transmit my returns now".   After completing the File section and e-filing your tax return you will receive two emails from TurboTax. The first email when your tax return was transmitted and the second email when the tax return has either been accepted or rejected.

Dans TurboImpôt en ligne, dans le menu de gauche, cliquez sur Revenus pour que vos feuillets s'affichent. Cliquez sur le feuillet que vous voulez supprimer.       Lorsque le feuillet s'affiche, cliquez sur Supprimer. Sur la prochaine page, vous confirmer la suppression.      Merci de choisir TurboImpôt

Las declaraciones de impuestos federales se toman aproximadamente 21 días asumiendo que todo está bien y que no le hayan mandado alguna carta.    Si reclamó dependientes y en su declaración están incluidos los créditos de los niños y/o el crédito tributario por ingreso EITC, el IRS no emitirá ningún reembolso hasta finales de este mes (febrero) o principios de marzo.   Puedes monitorear su reembolso en la página del IRS, la cual le comparto en el siguiente enlace: Rastrear mi Reembolso  

The OBBBA has introduced a new deduction for overtime pay from tax year 2025. You may deduct up to $12,500 of qualified overtime premium on your Federal tax return (up to $25,000 for MFJ). The deduction is gradually phased out if your MAGI exceeds $150,000 ($300,000 for MFJ). The deduction is for the overtime premium, which is the portion over your regular pay.   For tax year 2025, your employer may list non-taxable overtime in box 14 of form W-2 with a specific label like "FLSA OT Prem". You might also receive a separate year-end statement giving you the amount. Otherwise, you have to calculate the overtime premium to enter on your tax return.   In TurboTax Online, this is how you enter the qualified overtime premium: After entering your form W-2, you'll see a screen titled Let's Check for Other Situations Put a checkmark on Overtime and click Continue Follow the TurboTax questionnaire to enter your qualified overtime premium This deduction will transfer to Schedule 1-A of your form 1040, with that amount flowing to line 13b of your form 1040. This line includes the overtime deduction among other deductions if applicable, such as the tip deduction, the additional senior deduction or the car loan interest deduction.