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I checked forms availability for the 2210, it shows a date closer to filing than now. Please check here to verify the form is ready for you to make the accurate choice closer to filing time. The IRS opens January 26, 2026.

OBBBA allows for the deduction of overtime pay required by the Fair Labor Standards Act - which is 1.5 times pay over 40 hours. Since your employer pays more than that, the excess is not deductible under OBBBA. The 1.5 portion is deductible due to the Fair Labor Standards Act provided you meet the other requirements. A single person can deduct up to $12,500 for income up to $150,000. Married couples have $25,000 deduction on income up to  $300,000. There is a phase out range that reduces the deductions by $100 for every $1,000 over the income limit.

Wow, that was a fast response. Loaded question then: How accurate is TurboTax's penalty calculation because if I don't check, Let the IRS Figure it out, the penalty is only $87?   However, right now if I try to click the box on form 2210 line B "Check if you had no tax liability for 2024" it won't let me. I actually had a small federal refund. I can only check the line C, "Check to have the IRS figure the penalty and send me a bill if penalty due."

Not TurboTax. FREETAX USA supports 2021. There may be other websites.  They are not connected with Intuit/TurboTax.  as noted, by not timely filing any refund is forfeited. You will have to print it out, attach copies of any withholding forms, and mail. Use a tracking service.  https://www.freetaxusa.com/2021   

if you have a penalty by default it will be on line 38 of your 1040 and is included (reduces) your refund on line 37.   if you select the box for IRS to calculate instead, the penalty calculated by Turbotax is removed from line 38 and your refund will go up as it's not taking into account the penalty.  You should be able to see Form 2210 in your return.   if you're using desktop, turn off the flag for IRS to calculate it and check line 38 of your 1040 in forms mode, you can double click through that line to the worksheet and double click again to show Form 2210 and the penalty calculation.   Hope that helps - not sure if this forum is still 'live' when they do these events things sometimes disappear, if you have more problems on this topic you can post for help in "Get Your Taxes Done" forum.

No, there is no deduction for having a hard time.  However, you can avoid the 10% penalty that would normally be charged for early withdrawal from a 401K if there were medical expenses that had to paid with the money you took out or if you were over 55 when you were separated from your job.    

Thank you!   quick follow up,   Since the double time is still qualifying overtime hours, is doesn’t seem right that it wouldn’t qualify at all for federal OBBBA deductible. Would it instead get taxed on the x1.5 and the additional x.5 pay is tax free? Similar to standard x1.5 over time?

Nueva York...Que lastima. (Mira la respuesta de Ralphh1).   Pues, tres opciónes:   1. Usa otra identificación estatal, si hay.   2. Estampar y enviar la declaración por correos.   3. Pídele a tu hermano que consiga una identificación, y despues hacer la declaración.  

When you tell TurboTax to "Let the IRS figure my penalty" what you are actually saying is "Have the IRS bill me later".  So the penalty that the TurboTax software had calculated and added to your tax bill was removed so that the IRS could send you a bill later.  That's why your refund increased.

Did you use Premium for 2024?   If you did, then when you started your new return in the same account it used the same software version you used for last year.   Do you think you do not need Premium for 2025?     HOW CAN I DOWNGRADE TO A LOWER VERSION https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m6ilzady  

If you think of your rental property as a business then all of your necessary and regular expenses related to the property are deductible.  Just like a business you are also entitled to deduct the mileage necessary to drive over to your rental property and inspect it (that's one folks often forget).  But really it's just the expenses to operate the house.