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yesterday
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 ag...
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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.
yesterday
Hi LenaH The issue is that if the total property tax is $25000 and you are using form 8829 for 2 businesses that use different part of the house which use different areas in the house, you will n...
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Hi LenaH The issue is that if the total property tax is $25000 and you are using form 8829 for 2 businesses that use different part of the house which use different areas in the house, you will need to enter $25000 in each form 8829 as the percentage needs to be taken from full property tax. But as you mentioned, that Turbo Tax just blindly add the two property tax entry and puts that amount for Schedule A. It also apply SALT limit to the sum of these entries because it uses that in Sch A. So, in this case TT calculates property tax as 50,000 instead of $25,000 and gives error for form 8829 and puts (auto fill) $50000 as property tax in Schedule A. Both of these are wrong. As each form 8829 is used for different business with different area, TT should not be adding those. It seems that this error is introduced this year. It was not adding these entries last year and not putting the sum of property taxes in form 8829 in Sch A. Hope someone looks at it and fixes it. Splitting the property tax between the 8829 forms is not right and will not give the right deduction for home office. @marc1974
yesterday
If you have not e-filed do not even think about clicking the word "amend." You do not use the amend process to make changes to a return that has not ever been filed. If you want to try itemizing ...
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If you have not e-filed do not even think about clicking the word "amend." You do not use the amend process to make changes to a return that has not ever been filed. If you want to try itemizing deductions and enter property tax, mortgage interest etc. you can do that. You might need to click Add a state ---you do not have to add a state return but that trick will let you back in to the federal return to add or make changes.
Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2025 You should have a 1098 from your mortgage lender that shows this information. Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.
Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund. The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach. The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you
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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)
yesterday
Yes, TSP, Thrift Savings Plan, is the federal retirement account. Do you have a question concerning the TSP?
yesterday
Typically, this is not a credit in the traditional sense. Instead, you benefit from Tax Reciprocity. Ohio and West Virginia have a special agreement that prevents you from being double-taxed on your...
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Typically, this is not a credit in the traditional sense. Instead, you benefit from Tax Reciprocity. Ohio and West Virginia have a special agreement that prevents you from being double-taxed on your wages.
This agreement means that your wages are only taxed in your home state (West Virginia). You don't have to pay Ohio state income tax on those earnings.
If you had taxes withheld by your Ohio employer, you will need to file an Ohio non-resident tax return first to report the wages earned in Ohio. You will then prepare a West Virginia resident state return. The software will recognize that you paid taxes in Ohio and give you a credit on the West Virginia state return.
To avoid having to file two state returns every year, you should tell your employer to stop taking Ohio taxes out of your check immediately. Here is the action you will take.
Complete Ohio Form IT 4 (specifically Section III). Here is a link to the form to give to your employer.
Look for the box that says: "I am a full-year resident of Indiana, Kentucky, Michigan, Pennsylvania, or West Virginia."
Once your employer gets this, they will stop withholding Ohio tax and should start withholding West Virginia tax instead.
yesterday
The deduction credit for being over 65
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yesterday
I believe you are being asked if your distributions are a required minimum distributions (RMD). That would mostly apply to distributions from IRA accounts or 401-K accounts where you have a balance i...
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I believe you are being asked if your distributions are a required minimum distributions (RMD). That would mostly apply to distributions from IRA accounts or 401-K accounts where you have a balance in the account that would be depleted when and if you chose to withdraw all of the funds. If you have a traditional retirement account where you receive periodic payments of equal amount for the duration of your life, then your distributions are likely not minimum required distributions. To be sure, you would have to ask your fund administrator if you are receiving minimum required distributions.
If you are being asked if your RMD is sufficient in amount or for the amount of your RMD, you would have to ask your fund administrator for clarification.
yesterday
This question is asked and needs to be answered before filing state taxes. I used Turbo Tax last year and cant find it in documents.
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yesterday
I didn't know that and they accepted my return 😕 what a big mistake I don't know how to amend that .. I didn't know there were 2 diff 1040 and 1040rn
yesterday
is a tsp a federal retirement account
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yesterday
If you can give details about your issue, we'll try to help.
@UKV
yesterday
No, as xmasbaby0 and DoninGA mention above, your spouse cannot claim you as a dependent on your tax return, regardless of how much financial support she provided.
Spouses are not considered d...
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No, as xmasbaby0 and DoninGA mention above, your spouse cannot claim you as a dependent on your tax return, regardless of how much financial support she provided.
Spouses are not considered dependents by the IRS.
You can file a joint tax return even if you have no income, which will give you a higher standard deduction and eligibility for certain credits. The standard deduction for married filing jointly is $31,500 for 2025.
General rules for dependents
These rules generally apply to all dependents:
You must be a U.S. citizen, resident alien or national or a resident of Canada or Mexico
You can not be claimed as a dependent on more than one tax return.
A dependent can't claim a dependent on their own tax return
You can't claim your spouse as a dependent
A dependent must be a qualifying child or qualifying relative
Click here for What's my standard deduction for 2025?
Click here for Dependents.
If you have additional information or questions regarding this, please return to Community and we would be glad to help.
yesterday
To enter the interest paid on a new vehicle loan, navigate to the Car Loan Interest screen in TurboTax. Federal > Deductions & Credits > Add more deductions > Cars and Other Things You Own > Car ...
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To enter the interest paid on a new vehicle loan, navigate to the Car Loan Interest screen in TurboTax. Federal > Deductions & Credits > Add more deductions > Cars and Other Things You Own > Car Loan Interest To qualify for the car loan interest deduction, your vehicle must meet all of these requirements:
You purchased it in 2025.
It isn't leased.
It’s a brand new vehicle, not used.
Its final assembly was in the U.S.
You are asked to check this requirement by entering your VIN and model year into the VIN decoder provided by the National Highway Traffic Safety Administration.
It's a car, van, SUV, motorcycle, or pickup truck that weighs less than 14,000 pounds.
It was purchased for personal use.
The interest was not paid to a family member or a business you own.
Your loan must be secured by the vehicle. You can also see the help article below for more information on this new deduction. Vehicle Loan Interest Deduction
yesterday
Sorry to disappoint you...that deduction for cash donations goes into effect next year --- for 2026. For 2025, all donations still go on Schedule A with other itemized deductions like mortgage inte...
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Sorry to disappoint you...that deduction for cash donations goes into effect next year --- for 2026. For 2025, all donations still go on Schedule A with other itemized deductions like mortgage interest, property tax, etc.
yesterday
So how do I amend my tax return… do I have to start all over?
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yesterday
To enter Car Loan Interest -
Click on Federal Taxes (Personal using Home & Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Cars and Other ...
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To enter Car Loan Interest -
Click on Federal Taxes (Personal using Home & Business) Click on Deductions and Credits Click on I'll choose what I work on (if shown) Scroll down to Cars and Other Things You Own On Car Loan Interest, click on the start or update button
yesterday
Are you using the right information on the IRS refund site?
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund t...
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Are you using the right information on the IRS refund site?
You need your filing status, your Social Security number and the exact amount (line 35a of your 2025 Form 1040) of your federal refund to track your Federal refund:
https://www.irs.gov/refunds
yesterday
Once you downloaded TurboTax and entered the License Code, what's not working? If you can clarify, we'll try to help. You should be able to return it to Costco if it won't work on your computer (yo...
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Once you downloaded TurboTax and entered the License Code, what's not working? If you can clarify, we'll try to help. You should be able to return it to Costco if it won't work on your computer (you have Win 10 and need 11, for instance) or exchange for the online version (which doesn't require a license code).
@VeronicaWimer
yesterday
If you used desktop software downloaded/installed from a CD to your own computer, then the tax files are stored locally on your own hard drive or any backup device you used like a flash drive. They ...
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If you used desktop software downloaded/installed from a CD to your own computer, then the tax files are stored locally on your own hard drive or any backup device you used like a flash drive. They are not stored online. If you cannot recover them due to a hard drive failure, etc. you can get a free transcript from the IRS or for a fee of $30 an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
yesterday
To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of ...
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To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/
Scroll down to the bottom of the screen and on the section Your tax returns & documents. Click on the Year and Click on Download/print return (PDF)
If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created. TurboTax does not store online any returns completed using the desktop editions.
Go to this IRS website for free transcripts of a federal tax return - https://www.irs.gov/individuals/get-transcript
For a fee of $30 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf