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12 hours ago
In my case, Turbotax is showing a contribution by me that is within the limits of my HSA, but I have not made any contributions since I retired. My previous employer has continued to make a $500/year...
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In my case, Turbotax is showing a contribution by me that is within the limits of my HSA, but I have not made any contributions since I retired. My previous employer has continued to make a $500/yearly contribution which is documented on the W-2 that I have received for the past 2 years. My income from my previous employer is $0 on my W-2 while still having the $500 HSA contribution for the same 2 years. Turbotax completed Form 8889 with a full contribution by me and the $500 from previous employer which does not reflect the data I entered ($0) while proceeding through the questions. I am uncertain how to correct the entry on the Form 8889 or how the inaccurate information affects the Tax Return. Additionally, I was required to submit a paper copy of my Tas Return.
12 hours ago
You don't need to amend for that. The IRS has been adjusting returns for the missing taxable amount of SS on 1040/1040SR line 6b and reducing your refund or sending you a bill. That's been a common e...
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You don't need to amend for that. The IRS has been adjusting returns for the missing taxable amount of SS on 1040/1040SR line 6b and reducing your refund or sending you a bill. That's been a common error this year. It's due to skipping the next screen about if you lived in a Foreign Country or answering it wrong. That's why it's important and good before you file to check your return line by line with last year and you might have seen that the taxable Social Security on line 6b was missing if it was taxable before. Then you could have questioned it. And only up to 85% of SS can be taxable on 1040 line 6b.
12 hours ago
After you entered your Social Security benefits reported on a SSA-1099 there was a following screen which asked if you lived in any of the foreign countries listed. If you indicated Yes or skipped o...
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After you entered your Social Security benefits reported on a SSA-1099 there was a following screen which asked if you lived in any of the foreign countries listed. If you indicated Yes or skipped over this screen then none of your Social Security benefits were taxed on your federal tax return. If you did not live in any of those foreign countries then the IRS is correct.
12 hours ago
1 Cheer
No you don't have to sign or pay for an Online return just to test. So don't go too far like in the Filing tab. FYI- If you used the Desktop program before you may notice several differences and...
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No you don't have to sign or pay for an Online return just to test. So don't go too far like in the Filing tab. FYI- If you used the Desktop program before you may notice several differences and not like the online version. It has less features and no Forms Mode. And you will have to pay first to see all the forms. All the Online versions do not have the same forms so you may need to upgrade to a higher version. Online Premium is the highest vesion and has all the same forms as the Desktop programs. You can only do 1 return per account. And pay for each account. Federal and state are separate fees.
12 hours ago
An e-filed tax return does not have a physical signature. The prior tax year AGI entered which is associated with your Social Security Number is your electronic signature.
12 hours ago
IRS says amount of taxable social security was calculated wrong and refers to Publication 915. They added my full SSA to income and increase the amount of tax owed. Turbo tac did not include the SS...
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IRS says amount of taxable social security was calculated wrong and refers to Publication 915. They added my full SSA to income and increase the amount of tax owed. Turbo tac did not include the SSA in my income. I filled in everything correctly and my refund was reduced by the amount of additional taxes. Is IRS right or turbo tax ?
12 hours ago
I was testing and getting practice with TurboTax Online for future considerations once TTax for Mac is not supported.
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12 hours ago
1 Cheer
See this for a refund of the TurboTax product you purchased - https://ttlc.intuit.com/community/tax-topics/help/how-do-i-request-a-refund-for-my-turbotax-product/01/964034?search-action-id=6239624817...
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See this for a refund of the TurboTax product you purchased - https://ttlc.intuit.com/community/tax-topics/help/how-do-i-request-a-refund-for-my-turbotax-product/01/964034?search-action-id=623962481749&search-result-uid=964034
12 hours ago
If the 2024 refund being applied to your 2025 Tax Return is incorrect, please follow these steps to make a correction:
In TurboTax Online:
Sign in to TurboTax and open your 2025 return.
...
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If the 2024 refund being applied to your 2025 Tax Return is incorrect, please follow these steps to make a correction:
In TurboTax Online:
Sign in to TurboTax and open your 2025 return.
Select Federal from the side menu, then go to Deductions & Credits.
Scroll down to the Estimates and Other Taxes Paid section and select Show More.
Find the row for Other Income Taxes and click Start or Revisit.
Look for the section titled 2024 Refund Applied to 2025 Taxes.
Click Edit or Update next to the Federal or State entry and enter the correct $468 amount.
in TurboTax Desktop:
Open your 2025 return.
Select the Federal tab from the top of your screen and then select Deductions & Credits.
Select I'll choose what I work on.
Scroll down to the Estimates and Other Taxes Paid section and select Start or Update next to Other Income Taxes.
Select Start or Update next to 2024 Refund Applied to 2025 Taxes (Choose Federal or State depending on your situation).
Enter the correct $468 2024 Refund Applied to 2025.
12 hours ago
If you purchased Audit Defense contact TaxAudit at 877-829-9695.
If you are referring the TurboTax Audit Support Guarantee Call 800-624-9066 for assistance
12 hours ago
Turbo Tax is not calculating the Senior "Bonus" deduction correctly on my tax return. Perhaps it is because of the instructions on LIne 35 (PART V) which say to subtract $600 from line 34. This is ...
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Turbo Tax is not calculating the Senior "Bonus" deduction correctly on my tax return. Perhaps it is because of the instructions on LIne 35 (PART V) which say to subtract $600 from line 34. This is not correct because the return in question has MFJ with both taxpayer ove 65. This means that they are entitle to a $12000 enhance deduction. With line 34 indicating the phase out amount, line 35 should subtract this amount from $12000 dollars to arrive at the correct enhanced deduction. It does not do this. You do not lose, or have phased-out, 6% of the entire amount (that is over $150000) and then multiply it by two (2) to arrive at the enhgcnce deduction. The $6000 bonus deduction is a "per person" deduction which either needs to take 1/2 of the amount over $150000 and then multiply by 6% (Line 33), or take 1/2 of the line 34 amount and then subtract it from $6000. Then multiply this result by two (2).
12 hours ago
Hello, I filed my return for the both fed and state. The federal return was accepted, but the state return (Oregon) was rejected. When I open my return, the initial "Continue Your 2025 Tax Re...
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Hello, I filed my return for the both fed and state. The federal return was accepted, but the state return (Oregon) was rejected. When I open my return, the initial "Continue Your 2025 Tax Return" screen, it shows that I have a return rejected. However, when I open that return, I get no information about why. It goes directly to the E-filing page. I have tried looking around in the return, but nothing gives me any clue as to why the return was rejected. I'm going to refile the return, and see what happens, but if anyone could help me figure out why it was rejected I would appreciate it. Thank you, Jim
12 hours ago
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12 hours ago
I received a notice in the mail yesterday regarding two 401k withdrawals I made in 2023. I had all taxes withheld for both of the withdrawals. IRS said I did not claim those correctly. I thought I did...
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I received a notice in the mail yesterday regarding two 401k withdrawals I made in 2023. I had all taxes withheld for both of the withdrawals. IRS said I did not claim those correctly. I thought I did everything correctly using the TurboTax wizard, and I had taxes withheld both times I withdraw. I'm not sure what I did wrong, but I'd really appreciate some help! I don't know what to do, and I'm panicking. Please let me know what you think, or how I should proceed. Thank you so so much!!!
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12 hours ago
no income rec'd in 2 counties where equal time was spent with family do I need to file 2 state returns
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12 hours ago
Thank you for your helpful input! I did what you said to do and the IRS and the State have both accepted my returns. I did not have to do anything extra . Thanks again.
12 hours ago
Improvement costs on a personal residence, not used as rental or in a business, are not reported on a tax return. You can add the improvement costs to the basis of the home when it is sold.
12 hours ago
1 Cheer
@tkl1126 , do you need help ? and if so how about putting your question and context thereto here ? Surely your situation/scenario is not so complex that none of us are able to help. Please help ...
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@tkl1126 , do you need help ? and if so how about putting your question and context thereto here ? Surely your situation/scenario is not so complex that none of us are able to help. Please help us help you.
Look forward to hearing from you with details of the situation--please
12 hours ago
To check the balance of an IRS payment plan (installment agreement), log in to your IRS Online Account, where you can view your current balance, payment history, and scheduled payments
IRS onli...
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To check the balance of an IRS payment plan (installment agreement), log in to your IRS Online Account, where you can view your current balance, payment history, and scheduled payments
IRS online account - https://www.irs.gov/payments/online-account-for-individuals