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To solve this excess Roth contribution you made for tax year 2024, you need to do the following:   For tax year 2024: You need to amend your 2024 tax return to report the excess contribution on form 5329 and pay the 6% excise tax. This is because the excess contribute was not withdrawn before the due date of the 2024 tax return (April 15, 2025).    Please read this TurboTax Help topic on how to amend a prior-year tax return.   For tax year 2025: As the excess contribution remained in the account as of December 31, 2025, an excise tax of 6% is due for 2025. You have to file form 5329 for 2025. To avoid continuing to pay the excise tax of 6% in 2026, you need to withdraw the excess together with its related earnings before December 31, 2026.   For tax year 2026: You'll receive a form 1099-R with the total amount withdrawn (excess plus earnings) in box 1 and earnings in box 2a. The code in box 7 should be 8J. You'll enter that 1099-R in your 2026 tax return and the earnings will be taxed.    If there is a loss, that loss is not deductible.   [Edited 3/24/2026 | 1:16 PM PST    

For 2025, there is a senior citizen enhanced deduction—not a tax credit—of up to $6,000 available for taxpayers aged 65 or older. This deduction is in addition to the higher standard deduction for seniors and phases out if your modified adjusted gross income (MAGI) exceeds $75,000 for single filers or $150,000 for married filing jointly. TurboTax should automatically apply this deduction during your tax return preparation if you entered your age and income correctly and meet the eligibility. If TurboTax isn't including it, double-check that your birthdate and income information are accurate in the program. Also, ensure your filing status is not Married Filing Separately, as this deduction is not allowed then. The deduction reduces your taxable income rather than providing a direct tax credit.

If you are filing a joint return but only one of the spouses is 65or older, then the standard deduction of $33,100 is correct.    $31,500 + $1600  = $33,100   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)  

This community is much better than Turbo Tax experts  whom I did screen sharing with, yet did not solve the issue .  In short , Turbo Tax Online should clear up this problem. Perhaps add a button "Back To Interview "

I'm having this issue too. I answered "No" to the question asking if I have this situation because I navigated here by accident, and it won't clear the need for Review here and is blocking my ability to submit my taxes.

1. Under New York's Convenience of the Employer rules, New York state will almost undoubtedly look to tax all the income.   They are very aggressive especially with remote employees for companies that do not have an office outside of New York where they can at the very least assign the employee to.   2. You should allocate the income to New York and take the credit for taxes paid to another state for Illinois.   3. New York in general, does not look at physical work location with the Convenience of the Employer rules- they look at the other factors, see TSB-M-06(5)I:(5/06) - Tax.NY.gov.   They have been successful in litigation unfortunately, which allows them to be so aggressive.   

That would be correct for a married couple with one person 65 or older or blind at the end of 2025.     The standard deduction for Married Filing Jointly is $31,500.  If you are over 65, you would add $1,600 per person.  If only one of you were 65 or older at the end of 2025, then your standard deduction would be $33,100 ($31,500 + $1,600)  If you look at the side of form 1040, you will see the $31,500 for married filing jointly.    If you want to take the standard deduction, you should not check the box to select itemized deductions.  

I have already taken all of the steps you outlined.  TT has a problem with software.  I am not the only person on this Community Forum having the same issue.  Also, TT online does not ask me which form I am using. At the very least I should be reimbursed for what TT charged me for the state return.

It is automatic based on your age. It is not part of your Standard Deduction. The new Senior Deduction is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. The 6,000/12,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b with any other sch 1-A amounts. Turbo Tax automatically includes it if you qualify. For Single the deduction starts to phase out at 75,000 and maxes out at 175,000 For Joint the deductions starts to phase out at 150,000 and maxes out at 250,000 If you are married you have to file a Joint return 
For Online version You can preview the 1040 or print the whole return https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160 What do you have on 1040 or 1040SR line 13b? See the 1040 ….    

TurboTax may prompt you for a revised W-2 form if it detects discrepancies or errors in the information entered, even if you've used the same form previously. Common reasons include: 1. Incorrect Employer Identification Number (EIN): TurboTax may not recognize the EIN entered. 2. Mismatch in Reported Income: The amounts entered may not align with IRS or employer records. 3. Missing or Incorrect Control Number: Some payroll providers use a control number that TurboTax might require. 4. Formatting or Entry Errors: Typing mistakes or missing boxes can trigger the revision request.     To verify and enter your W-2 details accurately in TurboTax Online, follow these steps: 1. Go to the Wages & Income section. 2. Select Add a W-2 or Update next to your existing W-2 entry. 3. Carefully enter all information exactly as it appears on your physical W-2 form, including:    - Employer's name and address    - Employer Identification Number (EIN)    - Your wages, tips, and other compensation    - Federal income tax withheld and other boxes 4. Double-check for any typos or missing numbers. 5. If prompted, leave the employer ID blank and choose to "Type it in myself" to avoid import errors. Making sure every detail matches your W-2 form reduces errors and the need for a revised W-2 prompt.  

@DianeW777 or @Shannon B1 Same question as OP. I own 50% of a rental and this is the first time I'm doing the Schedule E.    Since I need to enter that I own 50%, and will have Turbotax do the math for me, when I enter the income of $30k, will the system know that is the full income for the rental and my portion is only $15k? Because when I enter the full amount, it doesn't autocorrect for me owning 50% (after completion, it still shows $30k) and I don't want for my partner and I to both be taxed for $30k each when we should each only be taxed for $15k each totaling $30k.   Second question, when entering the "New Property" under the "Asset" segment, should the purchase price be the full price of the property (i.e., $420k) or only my half of the purchase price (i.e., $210k)?   Thanks! Tim