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

Need Help with some accounting entries impacting balance sheet - hoping someone can offer some advice

I manage a small nonprofit, and the person handling our accounting entries made some unusual choices. In 2015-2016, they listed PAYPAL as a bank account in QuickBooks. They recorded purchases (like postage) as expenses, and any incoming funds (donati... read more

TurboTax Fees

I paid TurboTax fees twice. My refund was delayed. I received an email that the fees due will be deducted from my bank account on 5/2/2025. Fine. My refund finally got approved and was disbursed into my bank account on 5/2/2025. I looked at the fees ... read more

Rental Property Depreciation

I have a rental house that is depreciated since 01/01/2005, date in service. Using the SL method over 27.5 yr life, it has been depreciated $2,278 each year. Why does the Turbo Tax Premier for Rental Propery only allow a lower depreciation than what ... read more

After 10 Years Using. Turbo Tax - GOODBYE $1million to Trump to manipulate the IRS?

Intuit donated $1 million to Trump so he would eliminate IRS free filing. It didn’t affect me directly. have canceled my subscription. Don’t want to do business with such an unethical company.

How to get TurboTax from reminding me to file -- when I mailed.

I used desktop TurboTax, printed it, exited without any fuss, mailed it, and received my refund. For days since then, Intuit has emailed me to remind me to come back and file (as though I used a web-based product), and now that it's after the 15th, I... read more

Excess Contribution to Roth from Traditional IRA

Can I move Roth funds ($10K converted from Traditional IRA in Dec 2024) back to the IRA?

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