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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…
trying to file my 2025 return however I’m trying to pay the 15.99 but it is denying me access it is advising me to use a different card. Why come I can’t just print out my return because I can’t e-file I have to mail it in why come I can’t just print them out
I have been buying packs online for Pokemon cards. When you buy a pack you get a random card that could be worth either less, equal, or more of what you paid. Once the card has been revealed you can either hold the card in your PSA vault, ship the card or sell it back with the instant buyback option. I have been using the…
After I filed my 2025 taxes on FreeTaxUSA, a fintech bank sent me a corrected Form INT-INT-1099. The fintech bank which operates under a phone company's name uses FDIC insured banks so that the funds will be insured. It used two different banks in 2025. The first bank reported the correct amount of interest but the second…
My husband and I don't have an IRS PIN, we filed an extention and when I went to submit today, it required us to create one? So, I entered five numbers (that we would remember) and submitted it. Only to be rejected. I go in and remove the pin to resubmit and it won't let me? HELP
I want to report this income as Hobby income (per Form 1099-NEC instructions, 3rd paragraph). However if I enter in the section specifically requesting 1099 info, I am forced to fill out a Schedule C and go the business route. If I do not use the 1099 section, and use Other Income, there is a Hobby Income option, but no…
After filing my 2024 income tax, an insurance company where I have Annuities decided they should have filed interest for my Annuities as 1099-1099-OID rather than 1099-1099-INT. Do I need to file a form 1040-X so that my filing matches theirs? The amount of interest is exactly the same on both versions. The insurance…
Am I responsible for mailing in the information if I select the mailing option?
Are any Capital Gains owed on sale of a primary residence under $200,000 ?
Hi, in my original KY part year return filing (Indiana is the other part year state as I moved in 2025), I accidentally forgot to include my KY state W/H and KY local W/H on one of my W2s. I've waited for everything to be processed and have paid all taxes / received all refunds. Now I am amending, when I add the KY state…
I am attempting to claim the small energy efficiency credit for my new asphalt roof. I don't see the credit on energy star, but I have come across several articles that mention this. Is it a real credit? How can I enter it on the FreeTaxUSA software?
Why is my taxes going to green dot where is my taxes????
So i choose to have the fees for filing my taxes threw free tax uSA deducted from my return the company that does that is called Santa Barbra tax group and it states on there website that they received there payment then they tried to send the remaining of it to my bank account but unfortunately my account was closed so my…
So my state refund just changed to sent this morning but I haven't received a notification or deposit. Where is my refund? When will it deposit?
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