@kaylene Yes.  Since you have a foreign bank account, TurboTax is requiring you to upgrade to report this information.  The IRS says you need to disclose whether you "had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. Part III of Schedule B has questions about foreign accounts and trusts." ... View more

Yes, if you are reporting your foreign financial account then you will need to upgrade to Deluxe.  Your tax return needs to disclose your foreign bank account even if you are not required to file other financial disclosure forms.  Not reporting this foreign account would be inaccurate.   Here is what the IRS states: If you have a foreign account you must report this on your tax return.  The taxpayer must disclose whether or not there is a financial interest, or signature authority over, a financial account or trust, in a foreign country.  If your answer is Yes to any of these then this information is reported in Part III of Schedule B. ... View more

It depends.  If you received Form 1095-A, which is issued to report Marketplace Health Insurance coverage, then you may need to file a tax return.  Look at Column C on the form.  If there are dollar amounts listed, then this means you received assistance towards your health insurance premiums.  In this case, you are required to file a tax return.   Even though you only have Social Security income, a tax return is required to reconcile any Advance Premium Tax Credit received.  You will complete Form 8962, which will determine if you received too much credit or too little. If Column C is blank, you are not required to file, but you should.  You may be eligible for a refund.  This means you may have paid too much for your health insurance premiums. See this TurboTax FAQ below for more information.  Click "See entire answer" for the full page view.  https://ttlc.intuit.com/replies/4234767 ... View more

TurboTax calculates both the sales tax paid to your state and local government as well as the sales tax paid for certain major purchases like your car.  Follow these steps while in TurboTax Deluxe to correctly claim the deduction: 1.     From the Federal Taxes tab, go to the Deductions & Credits section. 2.     Scroll down to Estimates and Other Taxes Paid.  3.     Click on the button to the right of Sales Tax (Start or Update). 4.     Click Continue with Sales Tax. 5.     Select EasyGuide. 6.     Click the Edit button (omitting this edit will omit state/local sales tax paid). 7.     Enter the dates you lived in your state(s), click Continue. 8.     Enter your combined local and state sales tax rate, click Continue. 9.     Click Yes to enter information about your major purchase. 10.   Enter information about your major purchase, click Done. See these screen shots attached for further clarification. ... View more

If your total gross income, including the interest paid on the Series EE savings bond, is below the filing threshold, you do not need to file a federal income tax return. To exclude Series EE interest for qualifying education expenses, the bond must have been issued in your name (or spouse) and the owner must be at least 24 years old when the bond was issued. ... View more