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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…
In 2024, I used TurboTax, and it gave these numbers: social security benefits: $85,864 taxable amount: $34,385 in 2025, I am using FreeTaxUSA, and you give: social security benefits: $88,008 taxable amount: $64,805 Did the tax calculations really change that much, this year?
Hi everyone, first time poster. I am working on filing my taxes and I have three different 1099-R forms. One is from a distribution that I got direct deposited to me, and the other two were direct rollovers to retirement plans with my new employer. That being said, for the direct rollover into a new retirement plan, it…
I'm using FreeTaxUSA for the first time this year; for the past 20 years or so I used TurboTax… Almost everything is going fine, except for my Inherited ROTH IRA… FreeTaxUSA wants me to fill out a Form 8606, to find out how much of my ROTH IRA is taxable… except that NONE of it is taxable; it is a distribution from a ROTH…
Hi folks, I've read a few articles and questions on this site, and it's been really helpful. I am a US Citizen, and my wife was a non-resident alien in 2025. She Has no foreign assets or income Has an SSN Is exempt from the substantial presence test (F-1 Visa) My wife did not withhold any SS or Medicare money - those boxes…
Hi, I got a 1098-T form in addition to a W2 as a grad student, however the amount of money on the 1098-T Box 1 (Payments received for tuition) is less than Box 5 (Scholarships) because my health insurance is also paid through a scholarship. Is the difference between the two considered additional income, and am I taxed on…
Unfortunately, out of convenience and naivety, I filed my taxes with Cashapp, however, I made mistakes and forgot to add a number of deductions and expenses because this is my 1st time as a gig worker. I want to know if I can download my returns (PDFs) from Cashapp, import them into FreetaxUSA, and do an amendment to my…
My return keeps being rejected by IRS saying that the social security numbers and the names do not match. I have been filing the same information for more than 10 years. The only difference is my oldest was on my return last year and I wasn't including him this year. I was not going to include him this time, but because…
Is anyone dealing with this tax credit and not being able to put it in their state return. I've attempted to go through support but they keep telling me I just put in my cctc-a certificate number wrong after I've explained it's a new tax credit from this year and nowhere on my form says cctc-a but form 7203
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…
When will the issue be resolved that prevent filing stating the IRS has not finalized the instructions for filing no tax on tips
Hello me and husband had some issues and long story short I am trying to catch on a few years of missed filing..Intially I filed 2023 back at end of December, sent off and have even received our state refund for the state we live in (as my husband works in a different state so we always have federal and 2 states to file) I…
Hi, I submitted my return a couple of days ago and it's been received by the IRS. I just got another 1099R in the mail today 2/2/26, and I'd like to recalculate my taxes. FreeTaxUSA says that I can't submit an ammended return until February (don't know when in Feb). I'd rather wait until my return is processed anyway…
I am a university student in CA, but my hometown is in MD. I just finished putting in all of my information for the 2025 tax year, but when I get to the checkout section, the top bar still says $0 for both federal and CA return. Is this because I'm filing as a nonresident? For my address, I put my current apartment…
Hello I just wanted to see if this is something I need to correct or if its right as is. I have two jobs both located in the same county but different from the one I live in. My full time job has my locality name as Boone, the county I live in, but the other w2 has the locality name as Marion, the county I work in. Should…
I received a W2, 1099B and statement of taxable income. The information on the statement of taxable income says this was received as a result of Restricted Stock options but also says its possible to receive for Incentive Stock Options. I am trying to figure out which option it is. The amount of stock reported as income in…
I applied for health insurance through the marketplace, I received a form saying that I had gotten insurance. I did not have to pay any premiums for this insurance I did not receive any premiums for this insurance. I never used this insurance, because no doctors accept this insurance either. So why has my refund lowered…
I purchased a house in 2025 and paid for points on my purchase. My bank immediately sold the mortgage to another company so I received two form 1098 for the year. Both 1098 forms have the same amount entered in box 2 and in box 6 for points paid on the purchase. Do I enter the amounts in boxes 2 and 6 in only one 1098 when…
Hello, I received a referral bonus from Rakuten and was issued a Form 1099-NEC for this income. When entering the 1099-NEC information in FreeTaxUSA, I am prompted to categorize this income, but the system only provides the following options: Farm income Farm rental income Business income This income should be reported as…
I’m my late uncle’s niece and I filed his last tax returns through your software. He faithfully used your software. He has a refund and I’m not an official representative. The refund is now delayed. Is it true that the form 1310 was to be printed and sent in separately? How does someone know to do that if it’s not…
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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