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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…
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?
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…
I am currently a resident of TX. I am retiring next month and moving to CO. I will become a CO resident. For 3 years each June beginning in 2027 I will receive my deferred compensation payments from the Non-Qualified Benefit Plan for HCE's that was funded by my employer while I was a TX resident. Since this was earned and…
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…
Why is my taxes going to green dot where is my taxes????
Where's my tax refund?
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Hello, I am a registered nurse working as an aesthetic nurse in a med spa. I do not work in a hospital or traditional clinic. My role involves performing injectables (Botox and fillers), IV therapy, and IM vitamin injections under my RN license. Because of the nature of the industry, I regularly receive tips from clients,…
When was the las day to finish refund if it was already started and you owe me???
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?
My gf received a letter in the mail from the IRS about 34,000 she owes in back taxes over the last 5 years. She filed, but wasn’t able to pay. She called the IRS and she asked the agent if she could do a payment plan. The agent said yes and that the lowest payment they could accept was 936 a month until it was paid off.…
What is the 2026 tax amount on: single, 0 dependents, nyc resident, NYCERS pension = 55000, social security = 54000?
I have a had a few 1099's wrote to me personally and not to my S Corp. I was told the most effective and easiest way to go about that is to input somewhere in the deductions area "nominee distribution to EIN **-*******" and put the same amount as a negative amount. Then put that information on my S corp taxes. Im having a…
I started doing my taxes on freetaxusa for the year 2024, and then ended up having a tax preparer outside of the site help me finish them. This year, I mistakenly ended up finishing the file and paying almost $50 to file in two states, even though my taxes were already done. How can I get this money refunded?
I need to amend my 2025 return because I contributed too much to my Roth IRA and had to withdraw a portion back to my brokerage account (no backdoor). I don't want to get the 6% penalty from IRS. I filled out the excess contribution amount on the IRA contributions section of FreeTaxUSA but the 1040X preview doesn't include…
Hi, I'm 61 yrs old, recently retired. I have 2 Roth accounts that I established well over 5 yrs ago. I also have a Tesphe account through my work. I'm currently consulting a financial advisor about what to do from here now that I'm fully retired. My question is…. Can I withdraw supplemental income from my existing Roth…
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