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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 2025 I lived in Montana for 4 months and then California for the rest of the year. I've gone through both tax returns on Free Tax USA since I had a job in each state. In total, I made around $40k for the whole year, with 10k from my job in Montana and 30k from my job in California. For both returns, I said I was a part…
On various threads on the internet it's discussed how FTU supports state-exemption for 1099-DIV but there is no option for 1099-INT via interview questions. The "trick" that TaxAct and others recommend is to modify box 3 to accommodate the agency bond interest (assuming you have an agency bond that is state-tax exempt!).…
I know it is too early to file, but when will we be able to 'see' the actual forms, even if they will be changed by the IRS later. I just want to see how my entries look on the forms.
I lived and worked in PA all year. I got married in the spring. My wife lived in Ohio until the summer before moving in with me, so we now both live in PA. She earned income in Ohio, but has not earned income since moving to PA. We are filing married jointly for the federal return, but I’m unsure on how to file for Ohio…
I own a rental property and paid for contract labor during the previous tax year. I have already filed the required Form 1099-NEC with the IRS. However, I am having trouble updating Schedule E, Part I, Line A. Specifically, I need to check "Yes" to the questions regarding whether I made payments that required the filing of…
If a partner in a FLP passed away in January 2026, will the 2025 partnership tax return (1065) that is due in March be done as usual since the partner was still alive in 2025? Also are there any filings or documents or to do's that might be required this year of 2026?
Hi everyone, I’m using FreeTaxUSA and need guidance on an edge case involving backup withholding with no 1099 issued. My situation: The BIZ bank account is for a single-member LLC (disregarded entity) The account is opened under my EIN only (my SSN is not on the account) I received a $400 bank account bonus The bank…
I received an 8949 from a crypto tax website that has the box letters wrong for crypto short and long term gains. Does this matter if it is different from the box letters selected in FreeTaxusa ?
I received a 1099c for my only home that I bought 15 years ago, it was repoed and sold. i got it 12-25-25 I have never owned another home and it was the original loan. I think I may be able to write off this 12000 canceled debt with the mortgage forgiveness act right? i'm insolvent for about half of it but from what I'm…
My Father passed away at the end of the year 2024. My parents have revocable Trust that they made together. The way the Trust was written is that if one person passes away the other one takes over and it is still revocable. My mother filed her final joint filing personal tax return indicating my father passed away. My…
After completing my taxes I missed another 1099-R form. How do I go back to add this? Thank you Sherri
So I already filed my taxes for the year and got the return already. I forgot I worked another job during this year and received another w-2 from them. But there's only $60, which is correct. But they didn't take out federal and my state in the w-2 is .32. Is it even worth ammend?
I am 66 years young and hoping you can help with a clarification. I have money in a traditional IRA. It includes only rollovers of pre-tax monies from former employer 401k plans. The IRA has NO after tax money. The rollovers were done in prior years and deposited into the IRA. I have not made any additional contributions…
My 20-year-old son attends college full-time out of state. He works part-time in our home state in the summer and recently started a part-time job at a restaurant near campus. He earned $3,800 in the summer and $1,800 at the new restaurant job at school. Of the $1,800 at the restaurant job, $1,100 was hourly pay and $700…
Joined the military recently. My home of record (the state I lived in when I enlisted) is Oregon. I went to school in Mississippi for three months and I'm currently stationed in Germany. When filing for state do I put my home of record? Am I supposed to select Full-year, Part-time, or Non-resident? Thanks in advance.
I was just about to file my taxes the other day when I got hit with a message about how South Carolina hadn't adopted the OBBB, and it affected me as someone who is a tipped employee. It said that I can file now assuming non-conformity. What I want to know before I proceed is whether or not FreeTaxUSA automatically assumes…
My federal return was accepted, but my New York return keeps getting rejected for: “NYC Withholding Doesn't Match Form W-2…” The instructions say to go back to the W-2 and verify Box 19 / Box 20. However, my W-2 is locked because the federal has already been accepted. When I try to amend, the program tells me I can’t amend…
My return was rejected for incorrect social security number and now I can't recover my account to fix it. I've emailed support several times with now answer. Is there a phone number to call? This is so frustrating tryng to get help.
My situation: I was insured under my family's policy from January until July 2025. They buy health insurance through the Marketplace and received advance tax credits. August through December 2025 I was insured under my employers' plan. I am not being claimed as a dependent on their 2025 return. In the FreeTax software I…
The MD State portion of the software wants me to upload Schedule K-1 to support the new Capital Gains tax. I don't understand why this is needed because all of my capital gains are from personal investment accounts. Anyone else having this issue?
My husband received a 401K distribution check from his old job at the end of 2025. We cashed it and rolled it over into an IRA in January of this year. It was completed within 60 days of receiving the check. How do we file it correctly?
My wife and I live in different states. I live in California, and my wife is in the Air force. In 2024, she received a PCS order to move to Nevada, and she has lived in Nevada for all of 2025 and only received income from the Air force in Nevada. We've determined that I need to file a California state return, but my wife…
Does FreeTaxUSA support aggregating multiple rental properties to create a 199a real estate enterprise for the 2025 tax year?
My spouse and I both purchased Used EVs with the tax credit in 2025 and transferred the credits to the dealership at time of sale. Each car was registered in our individual names and SSNs. We are Married Filing Jointly. VINs match the Form 15400 report submitted by dealer and copied to us. When we try to file with…
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