Other financial discussions

Join TurboTax Community: Your Tax & Finance Guide for Credit Karma Members!

As you may know, getting your free credit scores through Credit Karma is just one part of your financial journey. Although understanding your credit score is crucial for making important decisions, it’s just one part of the puzzle in managing your fi... read more

Getting Over Bad Money Decisions

Last week, on the Turbo blog, we talked about ways to forgive yourself and move on from past financial mistakes. CFSW, Marsha Barnes, shared five key ways to move on and get better with your money: 1. Recognize previous spending behaviors and forgive... read more

Card charged after being informed that it could not be processed

I live outside the US and was submitting an extension to fulfill my physical presence test requirements. TurboTax requested my credit card details to pay for Deluxe TurboTax, which I assumed would include my current estimated liability, minus existin... read more

Standard deduction vs actual deduction

My actual deductions total $38,600. Turbo Tax wants me to take a standard deduction of $32,300. It is not clear why this is so. Are some deductions (such as charitable or medical) not fully covered? Note: This is for personal tax, not business.

I received a refund for a claims settlement that was more than I paid in but the claims administrator does not have an EIN number, and I can't send in my completed taxes.in my

Charitable giving for 2024

Hello I have gifted Stocks and Mutual funds to my churchDo i have to detail individual cost basis per stock when it was bought or can i average the blended costs? the gifted stocks were sent on the same daywhat market value do i use the average of th... read more

Job changes

I’m not working at this moment, I can’t file due to cannot afford the fee. My question is how long will I have to file? After April’s deadline.

Donation to Charity really a good idea?

Is donation to charity really a good idea if you want more money in your pockets?I read all over the place that tout donation to charity just to reduce your taxable income. Consider what everyone wants is: “more money in our pockets”. I don’t think i... read more

NYC Unincorporated Business Tax

Is my business subject to UBT in NY if my business is based in another state, but services are provided in NYC?

Undistributed RMD

I rollered over a 403(b) account to a traditional IRA in December of 2023. The 403(b) financial entity closed the account in late December and issued, and mailed, a check to the IRA financial institution. No RMD was deducted on the roll over amount s... read more

TurboTax 2023.lnk caused synchronization failure of OneDrive.

TurboTax 2023.lnk was created under OneDrive, and it caused synchronization problem for OneDrive as it did TurboTax 2023.lnk was created under OneDrive, and it caused synchronization problem for OneDrive as it did not have any permissions even for ad... read more

Where's the fine print? Surprise!

Before deciding which (if any) TT product I would try to use,I checked out the 1 and 2 star ratings to see what people complain about.Mostly it was about surprise costs after they had started for freewithout reading the fine print. Now I see that it'... read more

Rental Property - QBI Qualification Questions

Hello,In 2024, I started renting my first rental unit. The rental for the unit started on 5/15/24 and before that time, my wife and I had been using it as our primary residence. Over the course of 2024, the unit has been rented since 5/15/24 through ... read more

Just filed chapter 7 bankruptcy no word back yet for first meeting and I'm filing my taxes tomorrow, can I keep my refund?

Just filed chapter 7 bankruptcy with a lawyer but haven't heard anything about a date yet of trustee meeting but I'm filing my taxes tomorrow and usually only get 1600 to 1900 back every year, is it a good idea to file taxes now or after the bankrupt... read more

Why $70 for TurboTax desktop 2024 from Intuit when $55 on Amazon.

Talking Desktop Deluxe here and not trying to give Intuit a hard time, well not too hard of a time, but why the price disparity between Intuit's $70 charge and the same product from Amazon for $55 - as it seems both are available early as opposed to ... read more