When it comes to children and taxes, it’s a confusing topic for many.
Does my child need to file a tax return of their own? Do I need to
include their income on my tax return? We know that if a child is
employed (W-2) they may need to file their own ...read more
Whether or not you have to file a tax return isn’t just about how much
income you earned. Sure, that’s part of it for most taxpayers, but the
type of income also matters. For example in 2025, if your net earnings
from self-employment are $400 or more...read more
Identity theft is real, unfortunately. For some people, concerns about
possible identity theft and security start to grow when a tax filing is
rejected due to a social security number. Often though, an e-file reject
is simply caused by a typo or a de...read more
Tax filing status impacts several key areas of your federal tax return:
whether you are required to file, the size of your Standard Deduction,
your tax rate, your eligibility for specific tax credits, and
ultimately, the amount of tax you owe (or the...read more
The first step to maximizing your tax refund - and possibly keeping the
IRS at bay - is to use the correct filing status on your tax returns. If
only it were as simple as choosing Single or Married. But alas, there
are a whopping five (5) filing stat...read more
Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
We completed our Partnership filings using 2025 tubotax business windows
desktop edition and successfully efiled. When we went to send the
generated PDF K1 package to business partner we noticed that the
following error message would be displayed whe...read more
Line 6 shows an overpayment of $7404 for 2024 that was applied to 2025
taxes. But Line 19 (State and Local refund allocated to 2025) has an
Amount of $2322. I don't understand why they are different or how line
19 is calculated if they are suppose to...read more
TurboTax asks me to select which year(s) I received forgiveness, giving
me the options of 2020 or 2021 or both. it will not let me continue or
go back without making a selection of at least one of those years. I did
not have any PPP loans
I am trying to split the income between me and my wife using form 8958,
but when I try to adjust the tax withholding from the higher incomer, I
am adding the difference in the subtraction adjustment, however, it only
takes a negative value, but it se...read more
I’m hearing conflicting information from your Team TT. The advisement
that form 4562 will be ready by February but most likely earlier on the
online edition is still running. Is that not the case? Because now I’m
hearing there is no date when it will...read more
After more than 30 years of using TurboTax—starting with Deluxe, then
Premier and eventually upgrading to Home & Business—I was disappointed
to learn that Intuit plans to discontinue ItsDeductible on October 21,
2025. ItsDeductible has been a corners...read more
e024486Posted September 4, 2025
| Latest post 23m ago by
baldietax
I am a Wisconsin resident (community property state) and my wife and I
file separate for income based repayment student loan reasons. I am
going to use examples, but my wife’s W2 withholdings are $17,000 and
mine are $15,000. The community share for ...read more