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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 ag... See more...
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.
I did start a new job but not until October of 2025, which is basically the end of the year, or really close to it. The whole rest of the year i worked in the same place i worked during 2024 until Oct... See more...
I did start a new job but not until October of 2025, which is basically the end of the year, or really close to it. The whole rest of the year i worked in the same place i worked during 2024 until October of 2025, i was there for over a year. The point is i don’t understand how this year my review for the refund could possibly be accurate. It’s so so so incredibly lower than last years refund even with the College tuition statement information. I was also told i could get tax credits because of the college stuff so how is it even with that so insanely lower like so far from last years refund.
ord sends me a 1099 misc for legal services im supposed to enter it on line 8z other income
To enter, edit or delete your Form 1095-A - 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 d... See more...
To enter, edit or delete your Form 1095-A - 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 Medical On Affordable Care Act (Form 1095-A), click the start or update button When asked if you have a Form 1095-A, answer NO.
AI told me I can collect a tax credit for a daily methadone drug addiction prevention program
married filing jointly but turbotax doesn't seem to be giving us anything really beyond the standard deduction amount plus the basic seniors add.
I worked two jobs this past year. One job was as at a law firm for about 4 mouth and my other job has been at the nursing home I’ve worked for for the past 5 years.
Q. Is it possible or legal to deduct the 2024 tuition fee from the scholarship amount she gets in 2025 in order to get the AOTC in the 2025 tax return? A. No.  It must be claimed in the year paid. ... See more...
Q. Is it possible or legal to deduct the 2024 tuition fee from the scholarship amount she gets in 2025 in order to get the AOTC in the 2025 tax return? A. No.  It must be claimed in the year paid.   So, yes, it was possible to claim in on the 2024 return, since it was paid in 2024 (for the first quarter of 2025), if she was otherwise qualified (there are restrictions on students under 24 getting the refundable portion and restrictions on non citizens/non residents). 
If you are legally married and live together then you can only file as Married Filing Jointly or Married Filing Separately.   If your spouse filed as Head of Household, that would mean that you d... See more...
If you are legally married and live together then you can only file as Married Filing Jointly or Married Filing Separately.   If your spouse filed as Head of Household, that would mean that you did not live together at any time during the last six months of the year and there was a qualifying child as a dependent.
The question of what expenses can be used to avoid the 10% penalty from an IRA withdrawal are listed at this IRS website.  This website specifically states that education expenses are for "qualified ... See more...
The question of what expenses can be used to avoid the 10% penalty from an IRA withdrawal are listed at this IRS website.  This website specifically states that education expenses are for "qualified higher education".  Additionally, the withdrawal can only be used for current year expenses, so all the expenses for that withdrawal need to have been incurred in 2025.
 Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Other Income Taxes 
Thanks @xmasbaby0 for the quick reply, But it is the $500 credit that I am trying to take. TurboTax tells me that I qualify for a credit when I enter the dependent information but won't let me take ... See more...
Thanks @xmasbaby0 for the quick reply, But it is the $500 credit that I am trying to take. TurboTax tells me that I qualify for a credit when I enter the dependent information but won't let me take the credit later in the deductions/credits entry section. I have taken this credit for many years. The dependent information hasn't changed. I still think this is a BUG in the Deluxe desktop version but I don't know how to contact someone at TT to get an answer. Regards, Alan.    
@rcepuch , assuming that you are reporting DIVs from a brokers' consolidated report or from a mutual fund etc., yes you may very well have multiple countries  for source income and foreign taxes paid... See more...
@rcepuch , assuming that you are reporting DIVs from a brokers' consolidated report or from a mutual fund etc., yes you may very well have multiple countries  for source income and foreign taxes paid.  Absent any other specific situations, you should use Various for the source country name, total Foreign source income  and total foreign taxes paid to these countries. Your usage of details in back-up sheet is the best way to proceed. The basis adjustment is generally not applicable  because most often this relates to adjusting the basis  to allow for tax treaty based  tax rate by the US.  Note that the  allowable FTC is  the lower of actual paid and that imposed by the US and it is also not a refundable credit ( thus may get limited by your otherwise tax liability ). So , unless you are a directly investing and reaping benefits from foreign source, the adjustment of basis is zero i.e. adjusted basis is the same as the in vested amount ( that generates the dividend/interest / etc. income). Does this make sense ?   Is there more I can do for you ?
You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow ... See more...
You cannot change or add anything on the return that you just e-filed, nor can you stop it.  It is too late, just like when you put an envelope in a US mailbox on the corner.  The IRS does not allow you to take it back.   If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.”  The changes will go nowhere.   Now you have to wait until the IRS either rejects or accepts your return.  If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.     If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund.  THEN you can prepare an amended tax return and e-file or mail  it in. You have to be able to work from that return exactly the way it was when it was e-filed originally.  You will need to use a form called a 1040X.     Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself.  Sit tight and wait until you see what the IRS does with the return you just e-filed   The Form 1040X is scheduled to be available on February 19.   The date is subject to change, so check on 2-19 to see if it is ready.   Before that, do not change anything at all on your return.
The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026   You will have to wait for the IRS to either Accept or Reject your filed federal tax... See more...
The Form 1040-X for amending a 2025 federal tax return is estimated to be available in TurboTax on 02/19/2026   You will have to wait for the IRS to either Accept or Reject your filed federal tax return. If the return is rejected you can make the necessary changes and e-file again. If the return is accepted you will have to amend your original tax return. An amended return, Form 1040-X, can only be printed and mailed to the IRS if the original tax return was not e-filed. The IRS will take up to 20 weeks or longer to process an amended tax return. Before starting to amend the tax return, wait for the tax refund to be received or the taxes due to be paid and processed by the IRS. See this TurboTax support FAQ for amending a current year tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-federal-tax-return-curr...