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2 hours ago
Schedule E worksheet
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2 hours ago
what was the site URL to request a refund of the fee. Have not been able to find it. Did reach out on X, no response as of yet. Thanks
2 hours ago
To claim the California Foster Youth Credit in TurboTax Online:
1. Go to State from the left menu and select Continue or Edit next to California
2. On the screen listing tax topics, selec...
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To claim the California Foster Youth Credit in TurboTax Online:
1. Go to State from the left menu and select Continue or Edit next to California
2. On the screen listing tax topics, select Edit under Credits and Taxes
3. The California Foster Youth Tax Credit is listed under Personal, home and family credits
Per the State of California Franchise Tax Board, The Foster Youth Tax Credit (FYTC) is a fully refundable credit of up to $1,189 for eligible individuals ($2,378 if married filing jointly and both taxpayer and spouse qualify).
To qualify, one must be a current or former foster youth and meet all requirements for the credit, including:
being between age 18 to 25 at the end of the tax year
in foster care at age 13 or older and placed through the CA foster care system
able to meet the foster care verification requirement
Here is information about the credit from the CA Franchise Tax Board:
Foster Youth Tax Credit
2 hours ago
If you received income that you think should have been reported on a 1099-R, but you did not get a 1099-R, you have to contact the financial institution that made the payment and ask them for a copy ...
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If you received income that you think should have been reported on a 1099-R, but you did not get a 1099-R, you have to contact the financial institution that made the payment and ask them for a copy of the 1099-R.
2 hours ago
Para empezar a hacer tus impuestos en TurboTax en línea, sigue estos pasos: 1. Reúne tus documentos como W-2, 1099, recibos, y otra información financiera. 2. Ve a la sección Empezar o Continuar ...
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Para empezar a hacer tus impuestos en TurboTax en línea, sigue estos pasos: 1. Reúne tus documentos como W-2, 1099, recibos, y otra información financiera. 2. Ve a la sección Empezar o Continuar tu declaración en TurboTax. 3. Introduce tu información personal básica. 4. Añade tus ingresos como salarios (W-2) o ingresos de trabajos por cuenta propia (1099). 5. Ingresa tus gastos deducibles, como gastos de negocio o millas. 6. Revisa las deducciones y créditos que puedes reclamar. 7. Confirma toda la información y procede a presentar la declaración. Cada paso tiene preguntas claras dentro del programa que te guían por el proceso paso a paso para completar tu declaración.
2 hours ago
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2 hours ago
Mortgage insurance is not deductible.
To enter, edit or delete Property Taxes - Click on Federal Taxes Click on Deductions and Credits Click on I'll choose what I work on (if shown) Under Y...
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Mortgage insurance is not deductible.
To enter, edit or delete Property Taxes - Click on Federal Taxes Click on Deductions and Credits Click on I'll choose what I work on (if shown) Under Your Home If paid through your lender On Mortgage Interest, Refinancing, and Insurance, click on the start or update button If paid directly On Property Taxes, click on the start or update button
2 hours ago
If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are...
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If you are filing as Married Filing Separately you are not eligible for the deduction. If you are Single and your AGI is over $175,000 or Married Filing Jointly and your AGI is over $250,000 you are not eligible for the deduction.
If you are age 65 or older and meet the requirement, the additional deduction is automatically added on your federal tax return.
Standard deductions for 2025
Single - $15.750 add $2,000 if age 65 or older Married Filing Separately - $15,750 add $1,600 if age 65 or older Married Filing Jointly - $31,500 add $1,600 for each spouse age 65 or older Head of Household - $23,625 add $2,000 if age 65 or older
New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The amount is calculated on Schedule 1-A, Part V, with that amount flowing to Form 1040 Line 13b
Look at your Form 1040 -
You can view your Form 1040 plus Schedules 1, 2 and 3 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.
2 hours ago
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2 hours ago
where to enter my income on a 480.7C?
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2 hours ago
The blended tax rate has nothing to do with how your tax is calculated. It's an essentially meaningless number. You should ignore it.
The blended tax rate is an attempt to give you an idea of the...
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The blended tax rate has nothing to do with how your tax is calculated. It's an essentially meaningless number. You should ignore it.
The blended tax rate is an attempt to give you an idea of the overall percentage of your income that you pay in tax. The basic idea is that it's the tax divided by income, expressed as a percentage. But exactly what taxes are included and what income is included is not clearly defined. (You can find posts telling you how it's calculated but they don't all say the same thing.)
2 hours ago
It stands for Fair Labor Standards Act overtime. You can choose the option for overtime in the dropdown for box 14. To enter your overtime in TurboTax Online, follow these steps: 1. Go to th...
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It stands for Fair Labor Standards Act overtime. You can choose the option for overtime in the dropdown for box 14. To enter your overtime in TurboTax Online, follow these steps: 1. Go to the Income section and start or edit your W-2. 2. Enter your W-2 exactly as it appears; if overtime is in Box 14, enter the description and amount, then select Overtime from the category dropdown on the following screen. 3. Confirm that the amount is just the overtime premium (the half in time-and-a-half). If it is not, you will have the opportunity to adjust in the interview following the W-2 entry. To qualify for the overtime deduction, you must meet these requirements: You must be a non-exempt employee who is eligible for overtime under federal law (FLSA). Your filing status cannot be Married Filing Separately. Your modified adjusted gross income must be below $150,000 or less ($300,000 for joint filers) to be eligible for the maximum deduction, If your income is over $150,000 ($300,000 for joint filers), then the deduction begins to reduce by $100 for each $1,000 of MAGI over the applicable threshold amount. Once your MAGI hits $275,000 ($550,000 for joint filers), the overtime deduction is not available. The pay must be for hours worked over 40 in a single workweek, and only the overtime premium (the extra "half" in time-and-a-half pay) is qualified for the deduction. Here is an article you may find helpful: No Tax on Overtime Explained: Qualified Overtime Deduction Rules for 2025
2 hours ago
Actually, it’s the opposite! For IRS tax purposes, the weight that matters is almost always the GVWR (Gross Vehicle Weight Rating), not the "unladen" or curb weight. Since your F-150 has a GVWR of 6,...
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Actually, it’s the opposite! For IRS tax purposes, the weight that matters is almost always the GVWR (Gross Vehicle Weight Rating), not the "unladen" or curb weight. Since your F-150 has a GVWR of 6,900 lbs, it is actually classified as a "Heavy Vehicle" (over 6,000 lbs) by the IRS, regardless of its 5,333 lb empty weight or the "light vehicle" label on your registration.
This is good news because your F‑150 qualifies as a >6,000‑lb lb vehicle for tax purposes. Being over the 6,000 lb GVWR threshold generally allows for much more aggressive tax deductions than a "light" vehicle (under 6,000 lbs).
Section 179 Deduction: Heavy vehicles (6,000–14,000 lbs) qualify for higher immediate expensing limits. For 2026, the limit for "heavy SUVs" is roughly $32,000, but because your F-150 has a full-sized truck bed (likely over 6 feet), it might even qualify for a full 100% deduction of the purchase price in the first year under current bonus depreciation rules.
2 hours ago
To add your 2025 Form 1040-ES estimated tax payments in TurboTax, you can go to the Deductions & Credits section, and locate Estimates and Other Taxes Paid, and then select Start/Update next to "Est...
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To add your 2025 Form 1040-ES estimated tax payments in TurboTax, you can go to the Deductions & Credits section, and locate Estimates and Other Taxes Paid, and then select Start/Update next to "Estimated Tax Payments". Enter your payment amounts for each quarter here to make sure they are properly credited against your 2025 federal tax liability.
You can also:
Click on Search at the top right of your TurboTax screen
Type estimated tax payments in the search box
Click on the link Jump to estimated tax payments
Under Estimated tax payments, enter your information regarding your estimated payments for 2025
Click on Start to the right of Federal Estimated taxes
Click here for Where do I enter my estimated tax payments?
Click here for Estimated Taxes: How to Determine What to Pay and When.
If you have additional information or questions regarding this, please return to Community and we'd be glad to help.
2 hours ago
"FLSA OT" (or "FLSA OT Prem") in Box 14 of your W-2 represents the Fair Labor Standards Act Overtime Premium pay. It identifies the "half" portion of your "time-and-a-half" pay (50% of your hourly ra...
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"FLSA OT" (or "FLSA OT Prem") in Box 14 of your W-2 represents the Fair Labor Standards Act Overtime Premium pay. It identifies the "half" portion of your "time-and-a-half" pay (50% of your hourly rate) for hours worked over 40 hours in a workweek
Select the category Overtime
2 hours ago
I'm retired, so not covered by a retirement plan anymore. My wife still works and is. Our joint income is probably in the phase out zone, but TurboTax is showing that we are both covered (X in both b...
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I'm retired, so not covered by a retirement plan anymore. My wife still works and is. Our joint income is probably in the phase out zone, but TurboTax is showing that we are both covered (X in both boxes on SS Recipients worksheet 2) and says we cannot contribute. I can't find a way to uncheck the X for me, so I'm calculating our MAGI to do it myself. That says I should be able to do a partial IRA contribution for myself but TT says no. Is there an error here? How can I be very sure of the correct MAGI? Thanks.
2 hours ago
oh that's sucks... it is there... TT displays this very poorly, so already figured and still owe...
2 hours ago
To import 1099 forms in TurboTax,
Under Federal
Wages & Income,
Scroll to the 1099 type (e.g., 1099-B, 1099-INT) under
Investment Income
Other Common Income.
Choos...
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To import 1099 forms in TurboTax,
Under Federal
Wages & Income,
Scroll to the 1099 type (e.g., 1099-B, 1099-INT) under
Investment Income
Other Common Income.
Choose the option to import,
Then select your financial institution,
Enter your login credentials.
2 hours ago
Base on all comments in this issue posted, I can think about this is TURBOTAX fault. Its software isn't completely qualified to support customers included myself, too bad! I don't suppose to have any...
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Base on all comments in this issue posted, I can think about this is TURBOTAX fault. Its software isn't completely qualified to support customers included myself, too bad! I don't suppose to have any contact to IRS to get resolve though...
2 hours ago
From what I can see I qualify and I am filing single, but it is only giving me my standard deduction plus additional deduction for my self-employment expenses (totaling 17K), so I still have federal d...
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From what I can see I qualify and I am filing single, but it is only giving me my standard deduction plus additional deduction for my self-employment expenses (totaling 17K), so I still have federal due of $616 and I thought the new senior deduction would have been added and reduced what I owe and or helped to give me a refund
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