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You should enter the same amount for you cost basis as the rollover (box 1 on your Form 1099-R).
  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... See more...
  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    
If you've installed TurboTax on your computer, try right-clicking the TurboTax icon and choose 'Run as Administrator'.   If you can give more details, we'll try to help.   Here's more info on Tro... See more...
If you've installed TurboTax on your computer, try right-clicking the TurboTax icon and choose 'Run as Administrator'.   If you can give more details, we'll try to help.   Here's more info on Troubleshooting TurboTax Desktop Issues.   @4164497
Because Turbo Tax did not update their forms properly for NY state and caused the NY processing to glitch out. Who suffers in the end? The people who paid taxes all year on an interest free loan to t... See more...
Because Turbo Tax did not update their forms properly for NY state and caused the NY processing to glitch out. Who suffers in the end? The people who paid taxes all year on an interest free loan to the state. Amazing right? 
Since you are active duty military, the rules are very specific to protect you from being taxed by a state just because you are stationed there.   Use your California address (your mailing address)... See more...
Since you are active duty military, the rules are very specific to protect you from being taxed by a state just because you are stationed there.   Use your California address (your mailing address) in the "Personal Info" or "My Info" section of the program.  The IRS and states use this address to mail you checks, letters, or notifications.   Use your Texas address when the program asks for your State of Residence (SLR).   Under the Servicemembers Civil Relief Act (SCRA), your military pay is only taxable by your "State of Legal Residence" (SLR), not the state where you are stationed (Texas has no state income tax... California does have a state income tax).   Note: when the program asks, "Did you live in another state?" or "Did you earn money in another state?" answer "No" regarding California if your only income was your military pay. Also note: the program may automatically add a California state return (after you enter a California mailing address).    Check Box 15 on your W-2:  If it says "CA" and has tax withheld, you must file a California "Nonresident" return to get that money   Update your LES: If California taxes are being taken out, you need to file DD Form 2058 with your finance office to officially list Texas as your SLR (this stops future withholding by CA).   Make sure that are marked as a Nonresident (if you must file a A return).  California considers military members stationed there on PCS orders to be nonresidents for tax purposes.
If you are getting stuck in the foreign dividends section, try entering foreign dividends and claim the foreign tax credit in TurboTax Online using these steps: 1. Go to the Wages & Income section... See more...
If you are getting stuck in the foreign dividends section, try entering foreign dividends and claim the foreign tax credit in TurboTax Online using these steps: 1. Go to the Wages & Income section and select Dividends on 1099-DIV. 2. Enter your foreign dividend amounts from your tax documents. 3. Next, navigate to the Deductions & Credits section and find Foreign Tax Credit under Estimates and Other Taxes Paid. 4. Select Start or Update next to Foreign Taxes. 5. On the screen asking if you want to take a credit or deduction, choose Take a Credit. 6. Enter the foreign taxes you paid along with the country information. 7. Complete the following questions about your foreign income and expenses. 8. TurboTax will help calculate whether the credit is better than a deduction.
If you didn't keep copies of the Forms 1099 that you received that year, you can review your prior year return documents to see what you entered.   If you used TurboTax Online last year, follow t... See more...
If you didn't keep copies of the Forms 1099 that you received that year, you can review your prior year return documents to see what you entered.   If you used TurboTax Online last year, follow these instructions: Sign in to your TurboTax account. Make sure you're using the same TurboTax account (same user ID) as in previous years.  From Tax Home, scroll down and select Your tax returns & documents. Select the year you want and select Download/print return (PDF). Note: If the year you're looking for isn't there, it might be in a different account. Go here to find all of your accounts. One of them should have the return you're looking for.   If you used TurboTax for Desktop: Select the Start menu in Windows and select search. Search for *.tax2024 (or whichever year you are searching for, *.tax2023,*.tax2022, etc.). Don't double-click the tax file in the search results to open it, as this can cause errors. In the left pane of the search results, select the > symbol next to the .tax file you're searching for. This will bring up information about this file in the right pane. In the right pane, select Open file location. By default, TurboTax saves tax files in the My Documents TurboTax folder. After locating the tax file in its folder, open your tax return using the same version of TurboTax for that year. For example, open your 2024 return in the TurboTax 2024 program and your 2023 return in TurboTax 2023. Choose File >> Print from the menu (black bar) in the TurboTax header. Check the button for "Specific Forms" and the box beside [name of form] in the forms list to the right. Save as PDF or Preview and Print. For more help: How do I view, download, or print a prior-year tax return? How do I find last year's tax data file (.tax file) on my computer?
I just finished my son's taxes. He has 3 daughters (ages: 5, 3, & 1). All 3 girls have been entered into TurboTax for tax purposes.  After completing his return, we started to sign-up for Trump Accou... See more...
I just finished my son's taxes. He has 3 daughters (ages: 5, 3, & 1). All 3 girls have been entered into TurboTax for tax purposes.  After completing his return, we started to sign-up for Trump Accounts thru TurboTax, however my youngest granddaughter's indicative data won't populate for the Trump Accounts. What is wrong?
Turbo Tax screwed up their forms and caused the NY system to glitch out. So nothing but delays - and who suffers? The people who paid taxes all year. Amazing. What a country. 
I am not sure what to do with this statement, I have already filed my taxes do I need to make an amendment?
If you upgraded the electrical panel as part of the solar installation, you can add the cost of the panel installation to the total solar costs when entering information in TurboTax for the home ener... See more...
If you upgraded the electrical panel as part of the solar installation, you can add the cost of the panel installation to the total solar costs when entering information in TurboTax for the home energy credit.   The separate electrical panel board credit is only for improvement or replacement of enabling property such as air conditioners or heat pumps. Solar energy is not part of this credit.   To enter solar installation costs in TurboTax Online, go to: Deductions & Credits>Your Home>Home Energy Credits   See this TurboTax article for information on which home improvements qualify for the energy tax credit.
When entering a 9-digit state payer ID into a field that has been restricted to 6 digits, you should enter only the last 6 digits of the state ID number. This usually works.   Make sure that you ... See more...
When entering a 9-digit state payer ID into a field that has been restricted to 6 digits, you should enter only the last 6 digits of the state ID number. This usually works.   Make sure that you are not including any dashes, spaces, or leading letters in the box unless instructed.   If the last 6 digits are not accepted, you can try entering the first 6 digits.   Leave it blank if no state tax was withheld.  
You need to pay the amount due listed on the amended return when you submit it. It factors in what your refund was, so the balance due is what you owe.
When you itemize deductions using Form 6251 for AMT, you must add back some of your deductions.  In this case if TurboTax determines that your Standard Deduction is more advantageous, then it will se... See more...
When you itemize deductions using Form 6251 for AMT, you must add back some of your deductions.  In this case if TurboTax determines that your Standard Deduction is more advantageous, then it will select it for you.  If you want to use your itemized deductions, you can switch between deductions in the program.   TurboTax Online Go to the screen: Based on what you told us, [either Standard Deduction or Itemizing deductions] is right for you, and select Change my deduction. On  Which deduction do you want to take this year? popup, you'll see the dollar value of each deduction type. Select the type of deduction you want and select Continue twice. TurboTax Desktop Open or continue your return. Select Federal Taxes. If using Home & Business, select Personal. Select Deductions & Credits. When asked how you want to enter your deductions and credits, select I'll choose what I work on. Scroll all the way to the bottom of the Your 2025 Deductions & Credits screen and select Done with Deductions. Continue until you see The Standard [or Itemized] Deduction is Right for You! Select Change my deduction and choose which one you'd like. Select Continue to apply any changes. How do I change from the standard deduction to itemized (or vice-versa)?   @user17733704952   
Yes, you are correct that the IRA/SIMPLE/SEP box should not be checked.  And yes, you will check that this 1099-R is going to be for 2026 - even though you are reporting these items on the 2025 retur... See more...
Yes, you are correct that the IRA/SIMPLE/SEP box should not be checked.  And yes, you will check that this 1099-R is going to be for 2026 - even though you are reporting these items on the 2025 return, the actual withdrawal occurred in 2026 and would be required to be reported by the IRA custodian on a 2026 1099-R.   No, you will not report the 2026 1099-R on your tax return for 2026 since it related to a 2025 event and was already reported on your 2025 return.  When you receive the 2026 1099-R for the excess earnings, simply file it with your other tax documents, but do not include it on your 2026 tax return.
If you’re a W-2 employee, under the Tax Cuts and Jobs Act you won’t be able to deduct unreimbursed business expenses on your federal return, but you may be able to deduct them on your state return. T... See more...
If you’re a W-2 employee, under the Tax Cuts and Jobs Act you won’t be able to deduct unreimbursed business expenses on your federal return, but you may be able to deduct them on your state return. There are exceptions if you’re an armed forces reservist, qualified performing artist, or fee-basis government official.   Refer to the TurboTax article Are Unreimbursed Employee Expenses Deductible? for more information.   If you’re an independent contractor, you can deduct your subscriptions on your Schedule C.   Refer to the TurboTax article Where do I enter Schedule C? for navigation instructions.