With the recent tax law changes, you might see additional information
and codes in Box 14 of your W-2. Currently, there are no standardized
codes to designate income such as “No Tax On Tips” or “Overtime”. While
next year, the W-2 form will include s...read more
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
In 2023 my husband made an excess contribution to his HSA account, and
we did not remove it timely.We finally had the excess funds removed in
April of 2025. The 20251099-SA has the correct code 2 in box 3. In the
interview I check that he had overfun...read more
I'm filing a 1041 for a trust. Dividend income goes to one beneficiary,
and farm income goes to the other beneficiaries. On the K1, TurboTax is
allocating the dividend income to all beneficiaries, and will not let me
adjust it.
Spouse is a non-resident alien, lives in Canada with dependent kids who
are US citizens. Spouse is not a US citizen. My kids are nearly 100% in
Canada. I am a dual resident of US and Canada, but under the US-Canada
treaty I consider myself still more...read more
Hello, I am using TT Premier online for my tax. I have capital loss from
previous year (2023) but when I entered the capital gain for this year,
I notice that the capital loss carry over isn't offsetting my capital
gain from 2024. Is there a bug with...read more