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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…
The 2025 IRS Form 1040 instructions page 23 stipulates the following: Report distributions from foreign pension plans on lines 5a and 5b. This is the way I have done it (manually for years), however in FreeTaxUSA the only way I can access those lines (5a and 5b) is by creating a fake 1099-R. Is this the recommended method…
I filed my taxes and want to e-file but it does not give me that option? It only gives me option to mail? Can you help with that?
I am a 20% owner of a small S Corp. When my father passed this year, my shares in the S Corp increased to 25%. I cannot find any way in FreeTaxUSA to fill in line 3m of Form 7203 "other items that increase stock basis." It only give me an option to show a reduction in my stock — not an increase. Where can I input this…
Hello, I am trying to figure out if freetaxusa supports form 8881? In particular, I would like to claim 'Credit for Small Employer Pension Plan Startup Costs'. Thanks!
How do I skip the state filing page & go on to the e-file page for my federal filing only?
New user here, previously able to submit 5 through TurboTax. Thank you
A mistake was made on the original 2025 filing. When I try to amend the mistake it says to wait until FreeTAxUSA has Arizona forms ready? How long will that take?
Hello I need help on how to report this please. I previously had around $1120 in funds sitting in a Roth IRA account. My first contribution was in 2020. Before I did a withdrawal on this account, I did something separate. In June 2025, I converted roughly $1579 from a former 403b plan (that was after tax) and transferred…
I have been waiting on my state refund for weeks now. I saw that it was issued on the 10th and if i didn’t receive it on the 10th day, to call to check the status of my refund. it has been 16 days and when I called, they told me that i did receive my refund but its not in the account i put in for it to be deposited into. I…
Hello, My grandson is living with me all year. He USA citizen, and is full time student at University. FreeTax Community didn't allow me to select Full time student status, so not to limit income test of $5,200. He made close to $6K in 2025. Why is FreeTax not allowing me to select full time student for my grandson?
Hi I'm sure this has been asked many times. I sold my entire non-Roth portfolio last year. My 1099 Composite shows this… Total short-term realized gain/loss cost-basis reported (445.29) Total long-term realized gain/loss cost-basis reported 12,969.01 Total long-term realized gain/loss cost basis is available but not…
I have used FreeTaxUSA for several years, and love it. But today for the 1st time, I'm having trouble signing in. I keep getting a 404 Error when I sign in. I even changed my password as the site suggests, my signon is still the one I have always used (double checked), and I am still getting the 404Error message. Anyone…
I have a question. I am a teacher and I often spend a summer or a semester teaching outside the country and away from home. During the time I am away I usually rent out my house as a furnished apartment. I think when I first did this in 2009-2010, I converted from personal use to rental in summer 2009 and then from rental…
why is the child tax credit not added to my refund when I am well below income guidelines. I’m getting back half what I did last year
My father passed away 3 years ago. When he passed, we filed a joint return for he and my mother and listed him as deceased. In January 2026, my mother passed away. She was retired and her only income was social security, my fathers pension and interest from bank accounts. I know I need to file her 2025 return but do i need…
CCustomet service needed for an security issue
I had a bunch of stock in 1 ETF held in a personal brokerage account that I bought at various times and various prices. I sold a large volume of it in 2025 all for 1 price. My brokerage (interactive brokers) allows me to select which lots will be used to compute the cost basis when I made the sale, but it seems that they…
I'm in process of filing my taxes for 2025 and have come across an issue when using FreeTaxUSA. I'm a fulltime Minnesota resident and bought a home in July 2024. I used FreeTaxUSA to file my taxes last year - with itemized deductions, due to the high interest rate I'm paying on my mortgage. In September of 2025 I ended up…
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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