Contributed by: MatthewD, FreeTaxUSA Agent, Tax Pro With the introduction of online brokerage accounts and apps for smart phones, more people are investing in the stock market on their own. The statement you get from your brokerage company will likely be a composite or consolidated statement and will have several 1099…
Contributed by: Tricia D, FreeTaxUSA Agent April is approaching fast, and you’re eager to file your federal tax return. However, you’re still waiting for a document from a family estate. With a week left to file on time, you learn your grandfather's estate filing is running late and you won't receive a Schedule K-1 with…
Contributed by: RachelR, FreeTaxUSA Agent, Tax Pro and Henry, FreeTaxUSA Agent, Tax Pro This article applies to 2024 and later. The basic example assumed both the traditional IRA contribution and the Roth conversion step happened in the same year (for example, both events happened during 2024, for the 2024 tax year).…
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Not receiving your tax refund when expected can be extremely frustrating. To make the issue worse, the IRS is not very clear as to why your refund is taking more time. While FreeTaxUSA doesn't have any control over IRS refund processing, we can provide some ideas on why…
I have a net operating loss from previous years. I do not see any place to enter it in my Freetaxusa tax return.
how to submit W-2c for the tax year 2024
I'm trying to enter home office expenses for a farm, but I can't find where to input this in the Schedule F section of the tax software I'm using. Has anyone else run into this issue? Are there any workarounds or tips on where I might be able to enter these expenses properly?
On last year's taxes (tax year 2023) I was able to claim Head of Household by entering the child's name as a Qualifying person but not claiming them as a Dependent. This year I cannot find how/where the software lets me do that. It looks like I either have to claim the child as a dependent or I cannot claim Head of…
This page @ IRS https://www.irs.gov/credits-deductions/home-energy-tax-credits links to this page https://www.energy.gov/policy/articles/making-our-homes-more-efficient-clean-energy-tax-credits-consumers Which says that Heat Pumps are deductible, up to 30% of cost. But your software won't allow me to select anything about…
Can I amend my 2023 federal return only - and not amend my state return? Also, do I need to wait for my amended return to be processed before I file for 2024?
How can I claim cell phone usage and uniform for work?
When I link 1099-NEC to Schedule C, it doubles my income and increases my taxes owed -how can I fix?
on Freetaxuse, i am filling tax forms as married jointly. Me and wife both have High deductable Health Plan in 2024. My HSA contribution for 2024 is at 3,600 and my wife is at 4,439, which totals to 8,039 and the 2024 family HSA limit is 8,300. So why does the tax site say my wife over contributed by 289? why is it looking…
Hello, so im trying to do my taxes from my music royalties, Im stuck on the songtrust royalty section. Songtrust provided me 2 1099 misc forms which have different amounts. Which is the accurate amount if i total them up, but the problem is one form has UK address and TIN while the other has NY address and TIN number. So…
Hi, I received a 1099-G. The only line filled in is line 6 for taxable grant. I live in the state of MD. How do I file this?
My partner and I are registered domestic partners in CA. We individually filed federal tax returns. We then filed a joint CA tax return through FreeTaxUSA, as we read that is what we were supposed to do. However, FreeTaxUSA does not allow the option to unselect sending the federal return. We already sent our separate…
So, I filed the free Federal and I saw that FreeTaxUSA would efile my State. So, I was willing to pay the $15 for the to eFile. They took my money and then after charging my card they told me that I would need to download everything and file it. I would not have filed it through them if this was the case. My taxes are…
I had a pre-existing IRA w/ 16k in it that I converted entirely to a Roth IRA in 2024. Then I did my usual backdoor Roth IRA in 2024 of 7k. So I need to pay taxes on the 16k. How do I reflect this situation inside FreeTaxUSA when I'm doing my taxes this year. Please help! Thanks
I rent some web hosting from a provider, I paid for several domain names, and I subscribe to a few services that assist me in my work. How do I claim these?
I relied on TurboTax for 19 years and suddenly NOTHING. I mean after TurboTax Regular to Deluxe to Premier —-NOTHING.
Hello, I lived and earned money in NJ for half the year and then moved to and earned money in CA for half the year. However, my address listed on my W2 from NJ is my current CA address (I wanted an address that would be valid at the time my W2 was sent out.) How do I clearly indicate that I was a NJ resident for the first…
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