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The 5 Filing Statuses - Get it Right!

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

Jumpstart Your Taxes: Get Ready for Tax Time!

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

Last Minute Tax Tips & Money Strategies!

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

Roth conversion and under payment penalty

I plan on an IRA to Roth conversion at the end of 2025. This conversion will significantly increase my income and my income taxes for the year. Do I need to increase my regular monthly Fed tax deductions now to account for the anticipated increase in... read more

Dropping support for WIndows 10 for Turbotax 2025

Hello to the corporate big wigs: I have been a loyal user of Turbo Tax software for past 28 years and have introduced this software to umpteen number of colleagues, clients and friends. Over this period of time I feel that the product is becoming mor... read more

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Rash Decision to Not Support Windows 10 Desktop

To discontinue offering TT 2025 desktop for Windows 10 machines is a great disservice to all loyal TT customers. Outrageous. Win 10 will continue to be supported by MS for at least one more year for a nominal fee. My PC cannot handle Win 11. I do not... read more

Colorado FAMLI benefit and new IRs RR 25-04 guidance on federal taxes for 1099 G

Any body have any insight on how they are doing their federal taxes for colorado's new FAMLI benefits (paid family leave) and 1099g form. I know that starting jan 2025, 10% federal deduction applies to the benefits, its unclear what applies to those ... read more

Where to enter taxes paid in 2024 on missed 2023 RMD

My dad missed his RMD in 2023; we filed a 5329 and took the missed distribution in 2024 within the correction window. In 2024, we paid the full amount of taxes due on the 2023 RMD income. His 2024 1099-R has the total amount for the 2023 RMD plus his... read more

Are there plans to release a desktop TurboTax for Linux, in particular Ubuntu, for the 2024 tax year?

For years I kept Windows on an old laptop for the sole purpose of running TT. I have repurposed that laptop to run Ubuntu, as I did with my other former macOS computer. It seems like a relatively small investment by Intuit to capture the Linux users ... read more

How To Attach Safe Harbor Election for Small Taxpayers To 2024 Partnership Return in Turbotax Online Business Live Assist?

How do I ensure that that the Safe Harbor Election for Small Taxpayers is attached to my 2024 1065 in Turbotax Online Business Assisted? I am expensing a $2,400 refrigerator for a residential rental unit and meet the threshold criteria. I can't find ... read more

Turbo Tax 2024

I just got an email that because of Microsoft stopping support of Windows 10 in October Turbo Tax will only be able to be used with Windows 11 computers. Nothing like getting piled on. I have 2 desktops that are fairly new with great processors, expa... read more

How do I file my crypto tax report from Koinly for 2024 into turbotax?

This should be easy, I've done it before, but this year I'm seeing something about converting my CSV file...

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HSA Distribution proof

I am planning to reimburse myself for HSA eligible medical care in retirement and have chosen to pay using my Credit Card rather than with HSA funds. I understand you need to keep proof of payment, and proof that the expense was HSA eligible in order... read more