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If you use the TurboTax e-file extension for the Form 4868, only the extension request is transmitted, nothing else, regardless of the verbiage on the TurboTax extension website - https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/file-irs-extension-form-4868-turbotax-online/L2rDBZJtx_US_en_US  

Your property tax levied is your property tax that you pay annually to your county, city, town, village, or school district level. You can find this on your annual property tax bill under Amount Due or Total Tax Due. If your taxes are escrowed, this total amount is usually reported in Box 10 of your Form 1098.  If you purchased your home recently, it should also be on your settlement statement for taxes paid.     Please return to Community if you have any additional information or questions and we would be happy to help.

"The 2nd paragraph is not correct."   If you are referring to Opus's second paragraph, he is in fact correct, because he said "generally", not "automatically".    If you start Social Security at age 65 or beyond, then you are automatically enrolled in Medicare Part A whether you like it or not. But for those taxpayers who are covered by a large employer health plan, they can continue past age 65 on their private insurance in order to increase their Social Security monthly premiums when they finally start, but by age 70, there is no longer a benefit to delaying taking Social Security. This being the case, by age 70 nearly everyone is on at least Medicare Part A and so can no longer contribute to an HSA.  

Hi!    $425,899 over a period of 27.5 years is $15,487 which shows correctly in 2024 tax year.   However, in 2025 tax year, it shows as $15,569. Additionally prior depreciation should be 5808+15,487 = $21,295 but it is showing $19,163 which doesn't match with previous year.   Please let me know how to fix this issue. Thanks

When the IRS requests documents, your return is placed on hold. Depends on what the situation is, it would take about  6–8 weeks for the IRS to process, review, and finalize the refund once they receive the documents.   If the requested documents are for identity verification, refunds are typically issued within 6 to 9 weeks.   If the documents the IRS asks for were for a deeper audit or examination, it can take 45–180 days.   You should keep tracking your refund directly on the IRS website: Where's my Refund  

Yes every single year for the last 10+ year I received an RL-1 with my T4.  It has my health plan coverage amount as well as any direct QC taxes I asked my employer (located in ON) to deduct on top of the tax they already collect on my paycheque for employees working in Ontario.

If your CT return is rejected, you will need to see why it is rejected, most of the time you will just need to correct something and then file the return again.  To see what is causing your return to be rejected and find out how to fix it:   Sign in to your account Select the Fix my return button Follow any “fix it” instructions to update the information causing the rejection.   What does my rejected return code mean and how do I fix it?  

If you use the standard "Vehicle Expenses" section, TurboTax applies IRS rules that favor MACRS if your business use is over 50%. You are usually only required to use Straight-Line if:   Your business use dropped to 50% or less. You used the Standard Mileage Rate in the first year and are now switching to Actual Expenses. The vehicle is "listed property" and doesn't meet the qualified business use test. 2. How to select Straight-Line manually If you want to choose Straight-Line despite being eligible for MACRS, follow these steps to find the "election" screen:   Navigate to Business Assets: Instead of just going to "Vehicle Expenses," look for the Assets/Depreciation section under your business (Schedule C, Rental, etc.). Add/Edit Asset: Find your vehicle in the list. "Special Handling" Screen: As you move through the interview for that specific vehicle, look for a screen titled "How Do You Want to Deduct this Item?" or "Depreciation Method." The "Alternative" Choice: You may need to select "I'll choose my own depreciation method" or "Alternative Depreciation System (ADS)." ADS uses the straight-line method.

There is no relevant category for NJ 414(h) in Box 14 of your W-2, and normally you would use the category "Other." However, New York generally taxes these 414(h) contributions, so that is what is causing the issue since you are filing a New York non-resident tax return.    First of all, make sure that you list NJ in front of 414(h) when you list it in the W-2 to indicate that it is from NJ and not NY.    If that does not work, you can select NY IRC 414(h) NY tax exempt as the category for your NJ 414(h) contributions in Box 14 of your W-2 to get around the e-filing error.   Note that NJ 414(h) is shown on the W-2 for informational purposes only, and the taxability of the contributions to this tax-deferred retirement plan for government employees has already been accounted for in the W-2's Federal and NJ wages. Entering the 414(h) category as NY tax exempt is only to satisfy the NY return's requirement to select the taxability of these contributions.

The Michigan City return (Form CF-1040) is handled separately from the main state return.  Because city subtractions are specific to local ordinances, they are entered within the "Other Situations" or "Michigan City Tax Returns" section.   Open or continue your return. Under your Michigan state return, Look for "A few things before we wrap up your state taxes" (or "Michigan taxes are ready for us to check") screen. Under the section labeled "Other Situations," Click on Start/Revisit next to "Michigan City Tax Returns". Under the City Tax section, Select the city you live or work in.   The program will ask for your Residency Status (Full-year, Part-year, or Non-resident). Look for "Income earned outside of [City]" (for Non-Residents), and Enter the portion of your wages not subject to city tax here. Continue through the interview until you see "Any Subtractions from Income?" or "City Subtractions." (common items found here include: IRA/Pension deductions, Military Pay, etc.). Note: Most Michigan cities (except Detroit) do not support e-filing for city returns through TurboTax. You may need to print and mail the city return to the city's treasurer's office separately from your state and federal returns.

Of course using your HSA debit card is spending directly from your HSA. The whole point of an HSA is to pay for qualified medical expenses with tax-advantaged dollars.   It is true that you can invest money in your HSA, and draw them out even after you retire, but you might have trouble finding an HSA custodian that gives you the breadth of investment opportunities that an IRA might provide.   Once you turn 65, the HSA becomes like an IRA in that you can withdraw money from the HSA then and be taxed like ordinary income just like an IRA - with the added bonus that if the money is withdrawn for purposes of paying for qualified medical expenses than these dollars are still tax-free.   It sounds like you want to maximize your HSA contributions in order to be able to cover your current medical expenses and still keep the investing going.

The  consent is voluntary, and you can still file without signing it.     This standard consent form for data sharing to third parties is for five years, but you can revoke consent at any time via email to Intuit.    The email can be sent to: privacy@intuit.com. You would state something like  "I am revoking my consent for Intuit to use or disclose my tax return information for any purpose other than the preparation and filing of my tax return."   Click here for How TurboTax Safeguards Our Customers' Data   Click here to visit Intuit's Privacy Page.  If you have additional information or questions regarding this, please return to Community and we would be glad to help.

No, it is not a new change for 2025; rather, it is a long-standing rule that if you are subject to the Alternative Minimum Tax (AMT), you cannot use the standard deduction to reduce your AMT income. The Minimum Tax Credit (MTC) is designed to help you recover that difference in future years when you pay regular tax.   Using the Credit: If you did pay AMT in the past, you can apply the resulting MTC to reduce your regular tax liability in 2025, even while taking the standard deduction, provided your regular tax exceeds your tentative AMT for 2025.   Review your Form 8801 in each scenario. You do not have to take the standard deduction. IRS tax law allows you to choose between taking the standard deduction (a flat amount based on filing status) or itemized deductions (listing out specific expenses). Most taxpayers choose the option that reduces their taxable income the most and results in lower taxes.   @mblanco59 

It seems that your husband may fall into a particular category that exempts him from the usual overtime regulations. In the realm of labor law, the term "qualifying for overtime" typically pertains to an employee’s entitlement to receive pay at a rate of one and a half times their regular wage for any hours worked beyond 40 in a given week.   If his employer is not obligated to provide this additional compensation, it essentially means that he does not meet the criteria to benefit from the standard overtime pay provisions. This situation can arise for various reasons, often related to the nature of his job duties or salary structure, which categorize him as exempt from receiving those extra pay rates.

I am having a similar issue with Desktop, Mac OS, for 2025 taxes. The 1099 Div is importing correctly, but the amounts are not showing up on my schedule B (or 1040). I have tried restarting and power cycling my computer, but the issue persists. I feel stuck at this point...