Debt management topics

medicare part b premium

awilson0711 — Mon, 28 Apr 2025 18:40:36 GMT

where do I enter my 2024 medicare part b premiums not being deducted from SSA?

Paying off debt

defusco66 — Sat, 08 Mar 2025 11:50:23 GMT

Identity theft has become a major concern I have more loans and credit cards in my name that i am not responsible for my credit score is in the 400s no one will ever offer me a loan or credit card to pay off my debt . I don’t know what to do about this situation and I never receive answers from anyone. Please advise me or help me in anyway possible please

Using 401k funds to pay down debt, tax bracket concerns. R A. Miller

getToit11 — Wed, 11 Feb 2026 10:17:33 GMT

We want to use 401k funds to draw down a home equity line of credit balance. We're concerned that in doing so we will place ourselves in a higher tax bracket. Won't those 401k funds we withdraw to pay debts be counted as income, thus placing us in a higher tax bracket? Our current tax rate is 5.75 percent. Appreciate any advice you can offer.

Thanks,

Long-time Turbo Tax customer

Refund

stephsmith06 — Wed, 11 Feb 2026 07:08:39 GMT

Can Miami county ohio child support garnish my earned income tax credit on taxes return for back child support they told me to ask a tax person

401K covid distribution - rolled over 10K

robken1145 — Tue, 10 Feb 2026 09:42:23 GMT

took complete 401k of $ 66K Distribution in April 2020.. Rolled over 10K before 60 days. So i was taxed on entire amount and I claimed 56K on tax return. I withdrew entire 10K that I had rolled over. Do I have to pay 10% penalty because I am only 59, since it was part of the entire 66K distribution during covid?

RAL loan

Dkkd1981 — Tue, 10 Feb 2026 09:43:57 GMT

Form 8582 1a input with net section 1231 gain

yingmei123 — Tue, 10 Feb 2026 09:48:56 GMT

In my K-1, I have a loss from box 2(Net rental real estate income(loss)) and a gain from box 10(Net section 1231 gain). When TurboTax generated Form 8582, it automatically put my net section 1231 gain into box 1a(Activities with net income). My understanding of section 1231 gain is that it's a capital gain of an investment which in my case is selling of a property.

Please help me to understand why TurboTax put a captial gain in Passive Activity Loss Limitations(Form 8582).

Thanks, Long

Turbotax Keeps cycling in finish and file back to review to pay with federal return

cookmarka — Tue, 10 Feb 2026 09:50:14 GMT

On the finish and file page you confirm pay with federal return. Then it confirms elligibility to pay with Federal Return. Then confirm payment and it goes right back to review. I tried different browser. I cleared cookies and catch. Also tried from my phone. All do the same thing.

2022 taxes

ddd8 — Tue, 10 Feb 2026 09:50:25 GMT

can I file through turbotax my 2022 return now

For my daughter a W2 employee hair stylist in New Jersey.

britgeezer — Tue, 10 Feb 2026 09:50:56 GMT

Understand Federal deductions have changed, but what about NJ.

Especially commercial parking costs that are not $ supported by employer.

Most information is for self-employed or chair renters.

where does turbotax account for catch up contributions?

majuby — Tue, 10 Feb 2026 09:51:03 GMT

I am reviewing old tax records. I assumed entering the information from the W2 for 401k contributions would be part of its process. I cannot find how 2020 accounts for catch-up contributions. It keeps telling me I contributed excess.

Dual family taxes

Splawn — Tue, 10 Feb 2026 09:51:21 GMT

I suspect my stepsons father keeps claiming him as a dependent even though he lives with me year round. How can I confirm this?

Home Office Deduction

Robert Walters — Tue, 10 Feb 2026 09:51:53 GMT

Can someone please educate me on how to file form 8829? To my knowledge, it would be filed with my personal tax return. I have a DBA and EIN and would like to use the home office deduction to set up an office in a new apartment to establish my business. The amount of rent paid in the previous year equals $17,307. Will this expense be written off in total and credited to me? How much money will this deduction save me? How will this deduction help me save on my monthly rental payments for the upcoming year?

1099 NEC Box 6

jazzyj6890 — Tue, 10 Feb 2026 09:53:23 GMT

I did a few federal and state e-filing for 10 of my employees, just found out the state abbreviation I put in box 6 was incorrect for the majority of them. Since one employee lives in CA and the rest lives in KS. I switched to CA for that one employee, and I forgot to switch back to KS for the everyone else that came after.
Do I have to refile for everyone with the wrong state abbreviation? there's NO state tax withheld

Deducting IRA contribution when also having 401k

Bluelex18 — Tue, 10 Feb 2026 09:58:27 GMT

For 2023 I contributed to a retirement 401k account through work.. with that in mind I would like to also deposit about 5,000 dollars into an IRA to lower my taxable income… am I allowed to do that since I’m contributing to a 401k at work or would I need to have my wife do that so I can deduct it?

Bi-Monthly (Bi-Weekly) Budgets

rmkjne — Tue, 24 Feb 2026 07:54:17 GMT

Does Mint support a Bi-Monthly (Bi-Weekly) Budget? For example, we get paid twice a month, on the 1st and the 15th. We have 1st-15th bills and we have 16th-31st bills. It’s not a simple Monthly Budget for us and we need to know how much we have spent and have remaining for the 1st half of the month, and the same for the last part of the month. Essentially, we need to track certain budgets against the 1st-15th, and the other budgets against the 16th-31st. Does Mint support this? I do this with my own spreadsheet now, but would appreciate using an online tool to manage this if it's out there.

Retirement savings

tayloredurogyn — Tue, 24 Feb 2026 07:02:01 GMT

What is the maximal amount a self employed 1099 contractor can contribute to retirement accounts?

What times of retirement accounts can 1099 self employed contractor contribute to beyond Rollover IRA or Roth IRA?

Are property taxes and mortgages deductible

tayloredurogyn — Tue, 24 Feb 2026 07:02:02 GMT

Are property taxes and mortgage payments deductible for 2023 fiscal year for primary residence?

Split Txns & Budget

Diver4242 — Tue, 24 Feb 2026 06:35:35 GMT

Does Mint allow setting up a monthly budget/spending plan and then tracking how close that is to reality throughout the month? I tried Simplifi and amazingly after I set up my monthly spending plan, it was showing the amounts spent on water, sewer, trash, gas as zero because they're inside the rent payment, which I have split out into the proper categories. That makes that tool unusable. Does Mint have this problem too?

Getting IRS to forgive tax

cowboymike — Mon, 23 Feb 2026 18:55:08 GMT