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Contributed by: TriciaD, FreeTaxUSA Agent, Tax Pro For many employees, the annual arrival of W-2 forms signals the start of tax season. While most people focus on wages, federal income tax withheld, and social security details, Box 14 often stands out as a source of confusion. What do the codes in Box 14 mean, and how do…
Contributed by: CoryF, FreeTaxUSA Agent, Tax Pro You’ve heard about the new ”No Tax on Overtime” deduction from the One Big Beautiful Bill Act (OBBBA), and you have your 2025 W-2. Now you’re wondering what this deduction means for you and how to apply it to your tax return. This article will help you understand the…
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…
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. This new law extended and replaced the Tax Cuts and Jobs Act (TCJA), which was set to expire at the end of 2025. The OBBBA takes effect from 2025 through 2028. You may be wondering what…
Contributed by: AndyS, FreeTaxUSA Agent, Tax Pro The One Big Beautiful Bill Act (OBBBA) passed this year and will introduce several tax law changes, affecting 2025 tax returns. One of these changes is the child tax credit (CTC). Many taxpayers with dependents find a lot of relief with the child tax credit on their tax…
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: 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: Henry, FreeTaxUSA Agent, Tax Pro The sale of an inherited home is a significant event that comes with its own set of tax implications and requirements. Understanding how to correctly enter Form 1099-S from a sale is crucial for accurate tax reporting and compliance. Information required to report the sale…
Are posts/comments removed after a time. I am pretty sure I asked a couple questions here when I filed my 2024 return last spring. But now it said I had no prior posts, before today.
I was in prison from 2022-2024. Do I claim those years or just 2024 because I am now working g
How do I download interest, dividend and investment information directly from my broker?
My father is a retired member of the clergy. He received his first W2 just completely blank, no wages, no income, no taxes. The only information on it is Box 14 stating PARSONAGE and the amount. Does he still have to file taxes? I provide the majority of financial support for him and my mother. They live with me and I will…
My understanding is that Free Tax USA and Turbo Tax packages are having difficulties in accepting the $200 or $400 checks from the state in 2024. A glitch in the programs is preventing the input. The checks are not state taxable but may be federal. Since FT USA asks if you received the check then rejects the amount with…
I am using the software to prepare my 2022 and 2023 tax return. FreetaxUSA is not giving me the option of selecting a Self-Select pin. They are requiring that I get a pin from the IRS. Any suggestions when I get to the final stages of filing my return where I can select the Self select pin?
HOW DO I GET AN ENTRY TO GO TO THIS LINE?
Hi. I've read that FreeTaxUSA does not allow choosing sections to work on before their section order is followed. I understand this, but I'm a retired CPA and would like to work on deductions because I won't have all of my income info before the end of this month. I do have about 85% of my deduction info now. I have…
I would like to fill out an IRS Form 4547 for a new dependent born in 2026 who is eligible for the pilot program contribution (part III - pilot program contribution election). Because I cannot add this dependent for the 2025 tax year, my only option is to file and e-file Form 4547 with my 2025 tax return. How do I do this?
I filled my Uber 1099nec and 1099k. Under the 1099k, it had the option to report qualified tips. Just wondering how to do that with DoorDash now.
I've used TurboTax for 22 years But I've experienced some failures this year. I'm trying out FREETAXUSA What would be a good way to keep their returns secure and separate? I'm thinking of creating user IDs and passwords for them.
My employer, based in CO, uses Mutual of Omaha to facilitate our FAMLI benefits instead of the state-administered plan. MoO sent me a 1099-Misc instead of a 1099-G that the state would send for FAMLI benefits paid out. So, I entered the income in the federal return appropriately as a 1099-MISC. However, when I get to the…
I'm confused about whether I can take a tax credit as I moved during 2025. I lived in WV until May 30th and then in MD the rest of 2025. On my W2 it appears WV taxed my entire yearly income as box 1 wages match box 16 under WV state wages. Box 16 under MD is for part of my total income and seems correct. My payslips show…
At my current job, I paid taxes for Alabama despite living in TN after a role change within the company. I'm lost on what I'm supposed to do, as I'm getting conflicting info across the board. I'm told that I need/don't need a corrected W-2, that I need to file a nonresident return. Just curious on next steps, and wanna see…
Hello! In tax year 2024, I qualified for and received the Maryland Quality Teacher Incentive Credit. In Spring 2025, I continued taking masters-level classes towards certification, but ended up leaving that school district in June 2025. The entire time taking the classes, I qualified for the Credit, but at the time of…
My husband had to repay a retention bonus (about $7500) in 2025 that was paid in 2024. We are in a higher tax bracket in 2025 so I would like to deduct the repayment rather than request a credit. I can't figure out how to do that. There is only an option for a "Claim of Right Repayment Credit." Do I enter it under…
Form W-2G — input of Payer info "Country" doesn't include "United States" or "USA" as an option. Will not allow me to continue if left blank??
On the freetaxusa form there's the business income schedule C section, after I entered the information it asks "Does this person customarily and regularly receive tips from this job?", for rideshare apps I do, but for this year does tips count as deductions? On my 1099-k I have a breakdown of total wage, tips, and base…
Hello, I completed a 2024 tax return and a 2024 amendment (1040x) both on FreeTaxUSA. I'm currently working on my 2025 taxes now. I noticed that in the summary pages that compare individual 2024 and 2025 fields (such as income, deductions, etc…), the 2024 column fields are the old 1040 values rather than the 1040x as…
I received some advice to use my Roth IRA as a savings account (I'm not retired) so that my funds can be invested and not sitting in the bank, as long as I don't withdraw any growth that those funds had. This past year I needed a chuck to make a larger purchase and took it from my Roth. I took out an amount less than I…
Is there any reason I should create a LLC for my freelancing? Is there a certain amount of money I should be making annually before this makes sense? I know a lot of people create an LLC when starting a small business, but I don't fully understand why.
With the OBBA and the new overtime deduction, how do I properly calculate the half amount of time and a half overtime? And where would I find the information on my forms?
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