I've never used TurboTax before and I'm not sure which plan to get. The free plan says you cannot submit any forms, but I need to submit a form 8332. So do I just go up to any of the next forms and I'm good to go? They don't mention forms so ... not sure.
Also, I got a letter from my state tax franchise board saying I did not check the box Head Of Household on my 2020 taxes, so they didn't give me a refund. What do I do now? Thank you!
If you used a different program to complete the original return you should go back to that program to make these changes and the returns will have to be mailed in so just attach the 8332 to the signed paper return you put in the mail. FYI ... you only need the Deluxe version so skip the higher priced versions. https://turbotax.intuit.com/personal-taxes/past-years-products/ You can also purchase the CD/download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.
This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.
It is possible to amend a tax return prepared elsewhere using TurboTax but it will be a real pain. It would be much easier to use the software used originally to prepare the returns than to use TurboTax. In order to use TT software, first you have to purchase the desktop software for that year and download it to a full PC or Mac. Then you have to re-create the tax return EXACTLY as it looked when sent to the IRS. You then tell the software you will file by mail in order to "trick" the software into thinking you filed. THEN, you use that same software to prepare a Form 1040X in order to amend the return, and print, sign and mail the Form 1040X to the IRS. It takes the IRS about 3-4 months to process an amended return. It is too late to receive a refund for an amended return for any year earlier than 2018.
To file a return for a prior tax year
If you need to prepare a return for 2018, 2019, or 2020 you can purchase and download desktop software to do it, then print, sign, and mail the return(s)
Remember to prepare your state return as well—if you live in a state that has a state income tax.
When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s. Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS received the return
I need to submit a form 8332.
Submit Form 8332 to whom? To the IRS (federal)? To the state? To the other parent?
Are you the custodial parent (the parent that the child lives with) or the noncustodial parent?
If you are the custodial parent, and you are releasing the exemption for the child to the noncustodial parent, you don't send Form 8332 to the IRS or the state, and you don't attach it to your tax return. You have to sign a paper Form 8332 and give the signed form to the noncustodial parent. You don't need TurboTax for that. You can download Form 8332 from the IRS web site and fill it out by hand.
If you are the noncustodial parent, you have to get a signed paper Form 8332 from the custodial parent and send the signed form to the IRS. You cannot do that with TurboTax. If you file your tax return by mail, attach the signed Form 8332 to your mailed tax return. If you e-file your tax return, mail Form 8332 to the IRS attached to Form 8453.
Wait ... really? I am the custodial parent, and I always print out the 8332, sign it, and give it to the noncustodial parent. You mean I don't also have to attach it to my tax form? So I could just use the free version?? WOW. I had no idea. Thank you!
Follow-up: I have TIAA investments through my work. Should I be doing ... something ... with them on my taxes? So should I get the Deluxe or Premier?
ONLY the non custodial parent needs to attach the 8332 every year ... not sure where you got the wrong information in the past.
TIAA is your retirement and is ONLY noted on the W-2 form ... there is nothing more that needs to be done.
If you qualify you can always use one of the 8 IRS FREE FILE options :
IRS Free File Program - https://apps.irs.gov/app/freeFile/