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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…
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…
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…
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…
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!
Fidelity has already processed a "Return of Excess" in February 2026, returning my amount plus $115.85 in earnings. Since the correction happened in 2026, I won't get a 1099-R until next year. I know I need to report the $115.85 on my 2025 return and pay the 10% penalty. I have two issues in the software: I previously…
Hello. I am uncertain between which of these 2 filing statuses would be the correct status to file under in my case - "Head of household" or "Qualifying surviving spouse." My husband died in 2024 and I was able to file as "Married Filing Jointly" last year. My biological adult son who is 42 years old, lived with me all of…
I am over 59-1/2 years old and have had the Roth account for over 20 years but "taxable amount not determined" is checked, "distribution code" is T. Fidelity said "they must remain neutral; cannot say if it is qualified or normal" even though they acknowledge no taxes are due. It looks like I owe over $24,000 in FreeTaxUSA…
I see my refund has a green dot account and i’ve never in my life have had an account with them. I’m not sure why this information has changed but how am I supposed to receive my refund? I also click show bank account information and it shows green dot card which I never manually out into my information. I have used free…
I used FTUSA for first time this year (love it!). One thing I noticed was that it didn't generate four(4) 1040-ES vouchers for the upcoming year based on this year's return. (which I've often seen on other tax platforms) I don't care so much about the actual vouchers themselves - but rather the amount(s) calculated on…
NIIT Net Investment Income Tax link is missing from Fed Return Misc dropdown Any changes made to Net Investment Income Tax don't get applied Net Investment Income Tax (NIIT Form 8962) screen is missing from the Misc dropdown and does not show up during the Misc steps. The only way I can access this screen is from a yellow…
We have filed in previous years, married filing separately and because he itemizes, I have also done the same. For 2025, he filed (he uses a professional tax preparer) using the standard deduction and he just told me that. Now, I've almost finished my tax return (using your online service) and must I now change my my…
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…
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!
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…
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
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,…
has anyone efiled an amended return and how long did it take to process your return?
She's doing her taxes. According to Oregon state form, she owes Oregon $925. With the CA state, non-resident form, she gets back $457. We have read that she can get credit for the $925 for Oregon tax liability, but have no idea where to claim this. She's so frustrated she's willing to just pay — but I think there's more to…
Let's say that I have an LLC called Company A where I fully control. Company A is a partner of Company B, where A controls ~20% of B. B earns 3000 USD during the tax year.
Hi, I have a rental property and need to issue 1099 for contractors. I am a sole-proprietor and use an EIN to issue 1099s. I don't see a way to enter the EIN while filling out the Schedule E for my rental property. I understand that as I am a sole-prop, this EIN is a disregarded entity. I use the EIN also for my bank…
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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