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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 have to file through the mail this year because because my step daughter lives with us and his ex had a IP PIN number for her in the past. We have called, we have tried online. I dont think I will have time to get an appointment with a tax center in time to get a pin number now. What all do I have to mail in with my tax…
My husband's W-2 has 7 codes for line 12 of his W-2 but FreeTaxUSA won't let us add more than 6. Please help ASAP!
Repost from 'Filing my tax' group Without W-2, add the nanny income as Common Income→Wage(W-2)→non-standard W2 but do I need to add 2 states info (one for home (NJ), and the other for working (CA)) for state taxes reporting/calculations? Plus after adding Income→Other Income→Wages not on a W-2 (Form 8919) to report…
My understanding is that Free Tax USA and Turbo Tax packages are having difficulties in accepting the $200 or $400 checks from the state in 2024. A glitch in the programs is preventing the input. The checks are not state taxable but may be federal. Since FT USA asks if you received the check then rejects the amount with…
Hello! I signed a contract in Fall 2023 and received a sign on bonus/stipend shortly thereafter in the 2023 fiscal year though my official start date is Summer 2024. I have not provided any services for this company and received a 1099-NEC form for tax filing. I discussed with the company and they stated it is their…
Hi, I already filed my return with FreeTaxUSA last week, but I just got a Schedule K1 in the mail. I attempted to amend the return but because this is a PTP FreeTaxUSA won't accept the form and says I have to use another tax service. If I'm interpreting this K1 right, I only have $21 in income. I entered the form without…
Hello, In recent years FreeTaxUSA was not able to attach Form 1116, the Foreign Tax Credit form, to my Federal Income Tax Return Form 1040. Namely, as per Form 1116 instructions, even though my foreign tax credit was related to interest from a CD in a foreign bank, since I do not receive a qualified payee statement from…
Which i did not want and i do not have Now WHAT DO I DO I JUST HAD A **** I CANT TAKE MUCH MORE STRESS OVER THIS AND THATS ALL ITS BEEN
I paid the 4th quarter estimated taxes in 2025 and my city's local individual earnings tax (for calendar year 2024) in 2025. I forgot to include these in my federal and state tax return, which have both been accepted. I should be including these payments in my 2025, correct? If so, can I amend my returns now? Thank you!
We are trying to file 2023 and 2024 taxes this year and they keep getting rejected. I have been to the IRS website so many times to triple check. It wouldn’t let me e file these old returns without a spouse IP PIN in addition to mine, so he got one online Friday. Rejected with that pin Friday, rejected Saturday, rejected…
Can add the nanny income as Common Income→Wage(W-2)→non-standard W2 but do I need to add 2 states info (one for home (NJ), and the other for working (CA)) for state taxes reporting/calculations. Plus after adding Income→Other Income→Wages not on a W-2 (Form 8919) to report uncollected Social Security and Medicare taxes,…
What do I answer in this part? under common deductions/credits > ira contributions > did you contribute to an IRA? and following parts my case: I contributed $7000 to a roth IRA in 2025 for tax year 2024 on 3/2025. On 3/30/2025, I requested return of excess because I wasn’t eligible not having earned income. questions I’m…
I have a 1095NEC and used my vehicle to commute to work. It's asking "Did you purchased this vehcile now" which is extremely vague. I purchased it new from the dealer many years before I started working with this business. Is it asking 'did you purchase this vehicle new many years ago' or is it asking 'did you purchase…
I understand that the total amount of my W-2GS is entered as business income on schedule c, but where are the individual W-2GS I received reported/itemized on the return ? I have about 100 of them and if I enter them under 'other income', my AGI goes thru the roof and I can't take the standard deduction. So where are the…
There are three dollar values I seem to need to enter somewhere (for, in my specific case, Rent - Residential Rental Building), but how and where? The first dollar value is Rental Income. The second is W-2 wages. The third is Unadjusted Basis of Assets.
For 2025 I had a HDHP (necessary for an HSA) from Feb to Dec. I should be eligible for 11 months of HSA contributions unless the "Last-month rule" and it's "testing period" are passed which in my case, they aren't due to not having a HDHP the following 12 months. I tell the software I had no coverage Jan, but no matter…
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…
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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