My 2025 IRA distribution was shy by $452 because charity failed to cash
$1000 check until 01/08/2026. Check was written and mailed on
12/16/2025. I want to request a waiver of penalty but TurboTax
Explanation statement will not hold text. Text vanish...read more
I am trying to enter text for requesting a waiver of penalty for a
missed RMD. The text disappears when hitting Enter button or clicking on
the next line below. Wondering if a patch will be part of an update
soon.
KJC8OHPosted 3 weeks ago
| Latest post 3 hours ago by
paulinus49
I am filing as Head of Household. My modest overtime *should* be fully
deductible since my MAGI is around $200,000 and complete phase out is
not until MAGI of $275,000. But Turbo Tax deluxe is saying my deductible
OT is $0 due to phase out limits, wh...read more
Working on my sons return. He works for Electric Boat in CT and his 2024
W2 shows that they withheld 0.5% of his social security wages to CT PFL.
This indicates to me after tax payment. He received a 1099G from the
Continental American Insurance Comp...read more
TrafcoPosted February 15, 2025
| Latest post Thursday by
AmyC
In my return, the $6000 per senior is NOT being added. My standard
deduction is less this year than last year. For two seniors married, TT
is saying my standard deduction is $34,700. That's correct as I
understand it for people born before Jan, 1961....read more
I received a my Soc1099SM form but box 6 does not show the amount I paid
quarterly. Where do I place the amount, I actually paid as I sent them
payments in 2025 for estimated taxes. Is there an additional form I
should get from SS or just place the a...read more
On my 2025 return (desktop version), the total itemized deductions on
schedule A is higher than a standard deduction but line 12e on 1040
shows a smaller number (standard deduction) Why?
rlloyd123Posted 3 weeks ago
| Latest post a week ago by
sga999
My bank's 1099-R form used code "J" for "Early distribution from a Roth
IRA, no known exception." As far as I can tell, TurboTax is not offering
me the option to include a Form 5329 to state that the exception is a
$1,000 emergency personal expense d...read more
While filing NC State Tax return, observed that it's always taking the
standard deduction irrespective of whether I chose Standard or Itemized
for Federal Return. This looks to be an error on Turbo Tax end.
Although, I understand there are limitation...read more
Regardless of what you hear from the media and politicians, there is no
such thing as "no tax on social security". I wish it were true! It's
called a "senior deduction" and there are no such words as "social
security" in the verbiage anywhere. The de...read more
My Wife and I received payments from CT Paid Leave Program in 2025. This
is a program requiring Employee Contributions. My understanding is that
under 2025-04 Income paid out by these programs (if the Paid Leave
program is Employee Funded) have diffe...read more