State tax laws may vary! That’s the biggest takeaway from this post.
While many states conform to the IRS tax guidelines, at least to a
certain extent, nearly all of them require some adjustments to maximize
your state deductions. And, some states se...read more
Do you even have to file taxes in more than one state? Do you know if
you’re a resident, nonresident, or part-year resident? What if you’re in
a state temporarily, such as a military move? So many questions - and
TurboTax has the answers! Let’s start...read more
I received a 1099-Misc for a teacher stipend. I am not self-employed.
This was not made from work hours and was paid by a different entity
that is not my employer (school at which I teach). It was reported in
Box 3 on the 1099-misc. Should this incom...read more
Ashel56Posted February 29, 2024
| Latest post 23m ago by
samit345
Hi, I was a California non resident (Massachusetts resident) working
remotely from Massachusetts for a California company for the whole year
of 2021. When I filed my 2021 returns I mistakenly included my wages as
part of CA tax return and hence had t...read more
Fed 1040 Sch 1-A, Part 5, line 37, Enhanced Deduction for Seniors is
correctly showing $12,000 for our joint return, both over 65. However,
the state is only calculating a single $6000 deduction. Alabama Sch RS,
Part 2, Line 10 is marked yes (...if “...read more
Jagf2Posted 4 hours ago
| Latest post 2 hours ago by
Bsch4477
Hello, When I filed my tax return in Feb., Intuit software used the new
SALT deduction in the BBB, and I got a refund of $428 from GA DOR. They
already credited the refund to my account. However, Intuit later
realized that GA still didn't follow the ...read more
I owe $17,000 to VIRGINIA on the sale our my rental home (roughly
$350,000 profit). That is acceptable. Problem is that MARYLAND picks up
the Capital Gain from my Federal worksheet and first charges $24,000
Maryland tax, adds $7,200 because they have...read more
wms52Posted 2 weeks ago
| Latest post 3 hours ago by
NCperson
Hi,I selected Itemized Deductions for FederalI click on the "MD Tax Due"
button in the upper left to view the Tax Summary windowThat window shows
the correct amount on the "Itemized or standard deduction" line for
Federal BUT a lower amount for MDThe...read more
Am I paying DOUBLE for my state income taxes? After selling the Virginia
rental house, our FEDERAL TAX SUMMARY shows "Taxable Income" of
$437,534. Our MARYLAND TAX SUMMARY (where we live 100%) shows "Taxable
Income" of $437, 552..... and our VIRGINIA...read more
wms52Posted 4 hours ago
| Latest post 4 hours ago by
MaryK4
I use TurboTax Desktop (Premier). This year I need to file an extension
due to a K-1 that won't arrive until September. I fill out all the info
for my taxes and do the Federal and State extension sections in
TurboTax. However, it won't let me e-file ...read more
aaciiiPosted yesterday
| Latest post 5 hours ago by
fanfare