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yesterday
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yesterday
Go into the actual Form 2555 and manually delete all the information in the Physical presence test section. Then go the Bone Fide resident test section of the Form 2555 and manually type in the dates...
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Go into the actual Form 2555 and manually delete all the information in the Physical presence test section. Then go the Bone Fide resident test section of the Form 2555 and manually type in the dates the bone fide residence began. Continue in that section to manually fill in all the information such as dates you were back in US. This works. I just did it!
yesterday
Business returns are usually only done on a Windows computer using the separate Desktop Business program. So if you were using the Online version you were doing a different kind of return. How ...
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Business returns are usually only done on a Windows computer using the separate Desktop Business program. So if you were using the Online version you were doing a different kind of return. How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/ If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online. You can also request a transcript from the IRS https://www.irs.gov/individuals/get-transcript
yesterday
The standard Toyota RAV4 Hybrid (non-plug-in) does not qualify for the federal Clean Vehicle Tax Credit because it is not a plug-in electric vehicle
yesterday
To clarify, what types of prepayments were these for? Were they estimated tax payments or contributions to retirement plans?
yesterday
When you entered your 1099-R for your pension in the Federal section of TurboTax, you would have see a screen titled Where is your distribution from?. This screen determines the source of the income...
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When you entered your 1099-R for your pension in the Federal section of TurboTax, you would have see a screen titled Where is your distribution from?. This screen determines the source of the income to see if it will qualify for a pension exclusion for New York. On this screen you have options to select the if the pension income was from government, education, public authorities, etc. Selecting an option on this page could result in the income being excluded as pension income. As you go through your New York return you will get to a Changes to Federal Income page where you could click on Start for Received retirement income. As you click through the screens in this section, it will show a Pension Deduction Summary that will give you the results of the pension deduction, based on your inputs.
There is also an exclusion available for a beneficiary IRA that needs to be allocated amongst the beneficiaries. When you entered your 1099-R, if it was a beneficiary IRA (box 7, code 4) and you noted in the 1099-R information that the distribution was from an inherited IRA, the screens for the exclusion of this IRA will show up automatically in the New York return section of TurboTax.
yesterday
Flexible Spending Accounts (FSAs) are typically not reported with a specific code in Box 12 of the W-2. Your employer/payroll company should issue a corrected Form W-2.
If you cannot get a W-2c...
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Flexible Spending Accounts (FSAs) are typically not reported with a specific code in Box 12 of the W-2. Your employer/payroll company should issue a corrected Form W-2.
If you cannot get a W-2c in time, you must make sure that the amount is not reported on Form 8889. If there is a Form 889 you should delete it and any HSA input associated with that W-2.
Flexible Spending Accounts (FSAs) are usually not reported directly on your personal income tax return because contributions are made pre-tax, meaning they are already excluded from taxable wages. Your employer should report them by lowering your taxable income in Box 1 of your W-2. Dependent Care FSA funds may be in Box 10.
To delete Form 8889-T/S using TurboTax Online you can:
In your left panel of your TurboTax screen click on "Tax Tools"
And then Click on "Tools"
Click on "Delete a Form"
Scroll through your list of Forms
Click the garbage can next to "Form 8889-T/S"
To delete Form 8889-T/S using TurboTax Desktop, you can:
Click on "Forms" in the upper right of your TurboTax screen to switch to "Forms Mode"
In your left panel scroll down and look for "Form 8889-T/S"
In your right panel at the bottom of Form 8889-T/S, click on "Delete Form"
Click on "Yes" to confirm the deletion.
To get back to your screens in TurboTax to delete your HSA information, you can:
Click on Search at the top right of your TurboTax screen
Type HSA in the search box and Enter
Click on the link that says Jump to HSA
Review your screen and make sure you answer No to the HSA questions.
Please return to Community if you have any additional information or questions and we would be happy to help.
yesterday
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yesterday
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...
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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
yesterday
Correction: I can't get accurate amounts to enter into the tax forms for my husband's accounts because his accounts are now frozen. How do I find out these amounts?
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yesterday
Those estimated tax payments are entered on Line 26 of the Form 1040 and are included in your Total Tax Payments. The Total Tax Payments are subtracted from the Total Tax owed. The TurboTax program...
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Those estimated tax payments are entered on Line 26 of the Form 1040 and are included in your Total Tax Payments. The Total Tax Payments are subtracted from the Total Tax owed. The TurboTax program calculates all of this for you.
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Click on Federal Taxes (Personal using Home and Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Estimates and Other Taxes Paid On Estimated Tax Payments, click on the start or update button
On Federal estimated taxes for 2025 (Form 1040-ES), click the start button
Federal estimated taxes paid are entered on Form 1040 Line 26
yesterday
Is a Toyota Rav4 Hybrid vehicle qualify for the clean vehicle tax credit?
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yesterday
If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2026.
If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has...
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If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2026.
If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.
https://www.irs.gov/payments
https://www.irs.gov/payments/pay-your-taxes-by-debit-or-credit-card
https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212
https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403
To apply for a payment plan with the IRS
Apply Online for a Payment Plan
You must pay your state tax due using the state’s preferred method of receiving payment. For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
WHAT IF I CANNOT PAY MY TAX DUE?
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_US?uid=m9iryksw
yesterday
I,m 67 yo and the $6000 sr credit is not showing up under my deduction
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yesterday
There's a choice to make. You can deduct either:
State and Local income Taxes. Or
Sales tax
It sounds like you paid more than $10K in income taxes.
yesterday
Are you looking for another account? How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?ui...
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Are you looking for another account? How to view all your accounts https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used https://myturbotax.intuit.com/account-recovery/ If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online.
yesterday
You could open your return for the last year depreciation was calculated, update if needed, and re-save. Try transferring this file to the next year's program to see if depreciation is calculated in...
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You could open your return for the last year depreciation was calculated, update if needed, and re-save. Try transferring this file to the next year's program to see if depreciation is calculated in the Asset Summary section. You should get a screen stating current year depreciation amount at the end of that section. If no changes were made to the Asset, but you don't get a depreciation deduction, you may need to Edit/Re-enter your asset. You should see amounts for Cost/Prior Depreciation. If you used the trailer for both rental/personal days, it's possible you may not get a depreciation deduction, or if you claimed bonus/179 depreciation the first year. Review the first year's Depreciation and Amortization Report and check your Asset entries for the first year you set up the rental. @siebertclan
yesterday
How do I recover a turbo tax already begun online using turbo tax business
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yesterday
Here are the most likely reasons why your New York State tax liability is zero:
1. Your Income is Below the Standard Deduction
New York has its own standard deduction that is separate from...
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Here are the most likely reasons why your New York State tax liability is zero:
1. Your Income is Below the Standard Deduction
New York has its own standard deduction that is separate from the federal one. If your New York Adjusted Gross Income (NYAGI) is lower than this amount, your taxable income becomes $0.
Single (and can be claimed as a dependent): $3,100
Single (and cannot be claimed as a dependent): $8,000
Married Filing Jointly: $16,050
Head of Household: $11,200
2. Tax Credits Wiped Out the Liability
New York offers several non-refundable credits that can reduce your tax bill all the way to zero (though they won't give you a refund for the excess). Common ones include:
Household Credit: A small credit for low-to-moderate-income filers.
Resident Credit: If you worked in another state (like NJ or CT) and paid taxes there, New York gives you a credit for those taxes so you aren't taxed twice. Often, this credit is large enough to completely offset what you would have owed to NY.
Child and Dependent Care Credit: If you have high childcare expenses.
3. Your Income is Non-Taxable in NY
Certain types of income are exempt from New York State tax even if they are taxed federally:
Social Security Benefits: NY does not tax Social Security.
Pension Exclusion: If you are over 59½, you can exclude up to $20,000 of qualified pension and annuity income.
Government Pensions: Most NYS, local, and federal government pensions are 100% exempt.
These are the most common reasons that may or may not fir your particular case.
yesterday
No one has used a 1040EZ since 2017. Everyone uses federal Form 1040.
W-2 employees cannot deduct job-related expenses on a federal return. Job-related expenses were eliminated as a federal...
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No one has used a 1040EZ since 2017. Everyone uses federal Form 1040.
W-2 employees cannot deduct job-related expenses on a federal return. Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond. Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.
If you are preparing a return for a state that lets you deduct job-related expenses, the information will flow from your federal return to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses