Solved: Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)
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Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

 
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Level 15

Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

I personally keep an ongoing spreadsheet of my paid Medical expenses, and then just enter the grand total into TT.

If you would like to access the classic version of ItsDeductible for Charitable contributions, please follow these steps:

  • Click this link: https://itsdeductibleonline.intuit.com/Logout.htm
  • The page will show that you are logged out. At the top of the page is a small sign-in button .
  • Click sign-in and use your ItsDeductible login credentials to get access to the classic version of your account.
  • Bookmark the page.

You can then import it into the TT program at year end.

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Level 5
Level 5

Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

Not sure whether you're using a desktop or online version, but either way you can enter anything at any time, save, and then come back to complete the return. Using the online version you can select My Account, and then tools, and then topic search or topic list to get to the particular items you wish to work on.
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Level 15

Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

For donations you can use Its Deductible a free online app you can use all year and it will import into Turbo Tax Deluxe or higher.
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Level 15

Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

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Level 15

Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

Depends on what you actually mean.

1)  IF you re talking about things like 2016 Medical expenses, and estimated tax payments for 2016,then you cannot put them into any tax forms until the actual software is released....which is around now, or soon for a 2016 tax return.  So early in 2016, you would have to keep a spreadsheet, and a folder to keep those records in.

2)  For charity Donations, you could use "ItsDeductible" online throughout the year. because they had the 2016 donations tab always available fairly soon after  2016 started (though the new version of ItsDeductible stinks until they fix it)
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Level 15

Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

Right. TT 2016 Online isn't actually available until early December, and the various Medical expenses categories are just for your own use.
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Level 15

Why can't we put in amounts from this year as we receive them instead of having to put in everything at once(ie donations ,prescriptions,dental,medical, etc)

I personally keep an ongoing spreadsheet of my paid Medical expenses, and then just enter the grand total into TT.

If you would like to access the classic version of ItsDeductible for Charitable contributions, please follow these steps:

  • Click this link: https://itsdeductibleonline.intuit.com/Logout.htm
  • The page will show that you are logged out. At the top of the page is a small sign-in button .
  • Click sign-in and use your ItsDeductible login credentials to get access to the classic version of your account.
  • Bookmark the page.

You can then import it into the TT program at year end.

View solution in original post

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