All Posts

Since you have a premium tax credit, you have to factor that into how much you can deduct for your self-employed health insurance deduction. You can't get the deduction and the tax credit using the same insurance expenses. There is a complicated calculation that TurboTax uses to determine how much of your insurance premiums are deductible for self-employed health insurance purposes. Once that amount is determined, any excess is deductible as itemized medical expenses. You can learn more in this IRS article.        

If you filed your original return with TurboTax Online. And it was completely processed, or it was rejected.  The original return is still in the TurboTax program.   TurboTax provides a list of Tax form availability ‌for individual Federal and State returns forms that are‌ being revised. On the website Select Select return type [1040 Individual] Select agency [US - Federal] Third Box [1040X] Once available, you can make a change to a tax return that has already been filed and accepted.  You should follow these guidelines.  You must first wait until the initial return is completely processed.  You will have to use the same TurboTax account that you used for the original tax return.  Once you begin your amendment, you'll see your original return.   The refund calculator will start ‌at $0 and only reflect the changes in the refund or tax due  Only make changes to the areas of your return that need to be corrected.  You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment  Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download     

I have been waiting since before 2-25 to amend my return.  Last time I called the lady said it would be working today but it's not.  But I used the link to the forms pages said its ready....I don't understand what's going on.  My return has been fully processed and I got my refund already.   

A tilde TurboTax file (e.g., ~MyTaxReturn.tax2024) is a temporary backup or autosave file.  It is created by TurboTax desktop.  They are intended delete automatically when you close the program, but may remain if TurboTax shut down improperly.  It is an emergency backup file if your computer crashes or the software closes unexpectedly. It should only be used to open the return if your main .tax file is corrupted or lost.

We’re currently working on an update for Form 5605.  There will be an update on March 6.  After this day you can go back through your return, and make any changes as needed, then file your return.   If you are using TurboTax Online the program updates automatically.   If you are using TurboTax Desktop make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates".   You can sign up for updates here: Why am I getting address errors for my Home Energy credit when the address has already been added and is correct? If you have any additional questions or information regarding this please return to TurboTax Community and we would be glad to help.