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We cannot see your screen, your return or your account.  Have you entered ALL of your 2025 information?  All your income, etc.?  All deductions and credits?   There are a lot of variables that affect your refund or tax due including how much you earned, how much tax you had withheld, your filing status, the number of dependents you claim, your deductions and credits, etc.  You may have lost Earned Income Credit or the Child Tax Credit— did a child turn 17?  If you received the EIC last year, remember that changes in the amount you earn have a big effect on the amount of EIC you can get. (Sometimes earning more money means less EIC) Did you have any “side gigs” like rideshare driving or delivery driving—-with no tax withheld?   Are you 65 or older ?  If so, your standard deduction is higher. Everyone has a higher standard deduction now so it is harder to use itemized deductions.   And of course, always check your own data entries, looking for errors such as misplaced decimals or extra zeros.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/refund-go-compared-last-year/L97JmhUbi_US_en_US?uid=ld9ijm41   Print out 2024  and 2025  and compare them side by side to see what is different.    https://turbotax.intuit.com/tax-tips/tax-payments/video-why-would-i-owe-federal-taxes/L3VXudPiN

Been filing taxes with turbo tax for years.  Found more bugs than ever this year (2025).  Biggest bug was we couldn't fill in quarterly taxes paid.  It just would not allow us to enter.  We got around it by identifying them as prior year taxes.  It worked but not the way the program was suppose to work.  Very disappointing in Turbo tax this year.  

This question is related but is a little different.  I legally closed my business in the first 3 months of 2025 but did not make any income.  Can I claim those three months of expenses (self-employed insurance, legal costs)?  Thanks.

The IRS does not require that you report the 1099-Q in your tax return, if the entire distribution was used for qualified expenses.  You only need to report it if some of the distribution was not qualified, and then be taxed on some or all of the earnings. They expect you to keep your own records of what was paid with the 529 distribution.   "Beneficiaries are not required to report distributions on their tax return as long as the distributions are used for qualified education expenses."   If that applies, you can delete the 1099-Q from your return and forego any issues with TurboTax.   Here's more detailed info on Form 1099-Q.

Connecticut offers a one-time, lifetime home sale gain exclusion for seniors aged 65 or older. To report this exclusion in TurboTax for your CT state return: 1. Navigate to the State section and select Connecticut (CT). 2. Go to the Income section and locate where the capital gain from your home sale is reported. 3. Look for the CT Senior Home Sale Exclusion or similar adjustment option. 4. Enter the amount of gain you want to exclude under this program to reduce the taxable gain. If TurboTax CT form still shows gain after the $500K federal exemption, you must manually enter the Connecticut senior exclusion amount to adjust the gain further. This adjustment will reduce your Connecticut taxable income specifically for this senior exclusion. Ensure both you and your spouse’s ages qualify and it is only a one-time exclusion per taxpayer.

Yes, it does. This is an additional deduction, not included with the standard deduction. This additional deduction for seniors is calculated automatically based on the birthday you have entered in your tax return.    Note, this deduction has income limitations.  It begins phasing out at income of $75,000 for a single filer (or $150,000 married) and is completely phased out at income of $175,000 for a single filer (or $250,000 married).   This deduction is located on Schedule 1-A Additional Deductions, Part V. The total additional deductions will be summed and appear on your 1040, line 13b.   You can check this in TurboTax Online by navigating to Tax Tools on the left of your screen, choose Tools, then View Tax Summary. On the left of the screen, select Preview my 1040, and scroll to Schedule 1-A Part V.

"The sample form 8880 you provided looks exactly like the one I filled out."   What matters is the one that TurboTax prepares.  If the one that TurboTax prepares is different, how is it different?  (The sample that I posted was prepared using TurboTax.)   If you did not properly enter the Roth conversion into TurboTax, the amount on Form 1040 line 4b would still have the correct taxable amount but the distribution would appear on line 4 of Form 8880.  That would subtract $17,046 from the $6,600 contribution, leaving nothing on line 5 on which to calculate the credit.

I went ahead and downloaded the year end statements for my traditional IRA from fidelity. Starting in 2021, I see the year end statement had a few cents, which I did not convert to a roth ira. I am not sure if this is an issue with TT or it is the way I answered the questions. It started carrying over the entire contribution as the basis, every year since 2021. However, the basis is not capturing any of the interest, it is only capturing my initial contribution.   For the year ending 2025, my traditional ira had a balance of $7.38. Should this be the amount on line 14 in form 8606 for the tax year 2025? If I convert this $7.38 into roth, I would have to pay tax for this amount. In this case, would the line 14 amount of 0 for the current (2026) tax filings?   Thanks for the support.

Using TurboTax, I have two options available for box 14 that are notified as other. Other / not classified and other deductible state or local tax.  Since this should not be taxed I'm going to choose other/not classified. Does anybody feel differently?

To find the fair market value (fmv)from four years ago, you may need to hire a real estate appraiser to perform a retrospective appraisal. They can look at historical data and comparable sales from around that date to give you a supportable fmv.   If an appraisal was done for estate tax purposes or probate at the time of death, you should use that figure.

When you see "Needs Review" next to your 1099-R, it usually means that there is information that might still be needed. You are correct in that the red box cannot be clicked. Instead, click on the Review button to the right of the red box and carefully review your entries for each 1099-R. Sometimes, it is simply an address or a tax ID number field that is still blank, or needs editing.   To review your entries, do the following:   Go to Income on the left panel within your TurboTax account Click on the Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) Click on the pencil to the right of your 1099-R to review/edit it Continue through the entries, especially the, "Enter your 1099-R details from _" screen Ensure the details from your Form 1099-R are correct checking for which Distribution Code was used in Box 7 (or review if imported), then Continue Also, continue through until you have reached the end of the review for that Form 1099-R entry. If you leave before going through the entire process, for example, if you leave once you have reached the, "Your 1099-R summary", you will miss several screens to review Next, perform a Final review to determine if there is something preventing your from e-filing