Create a free account or sign in to ask a tax question. Experts typically respond within 24 hours.
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…
Error on deposit refund box Wrong account number on my feder
Hi everyone, I have a few questions regarding the 1099-K form I received from eBay. This is my first time having to file anything besides a W2 and I'm having some difficulty. I used to collect anime figures/dolls in my 20s but have since outgrown it and am trying to offload most of my collection. I sold from February 2025…
Prior to my husband's passing, we set up a Transfer on Death instrument to pass his house to me. We made a verbal agreement that after his passing, I would pay out to his three children half the value of the house. Do the rules for me paying them their portions fall under the rule for Gifts? The amounts will be more than…
The software was supposed to prompt me after I selected code 1 in box 7 of my 1099-R but it didn't. I am at the end of my taxes and I still have not been able to fill this out. Can someone please point me in the right direction? Thanks!
in 2011 I still lived in Ohio and my husband was killed on Christmas Day and at that time our son was 20 months old. I ended up following a lawsuit against all insurance companies involved and they ended up putting in one bank account for my son roughly $194,000. He has no access to it until he is 18 we currently live in…
I am seeking a qualified Tax Resolution Specialist (Enrolled Agent or CPA) to assist me in rectifying my tax standing for the years 2022, 2023, 2024, and 2025. My case involves the following key areas: Amended Returns (1040-X): I need to file amended returns to report previously undisclosed cash income for these specific…
This year’s return is rare for me - I have both capital gains and losses. After completing my return I noticed that I wasn’t asked if I had gains or losses last year. Where on my return do I find the page/box to input that information? Thanks and regards, jakefromPA
Today is 5 March 2026. I want to go on record at this time to report that the FreeTaxUSA software did not include two IRS Form 1099-R statements in my 2025 federal income tax return. Both of the missing IRS Form 1099-R statements were input online by me and appeared in the supplemental Income Summary Statements provided by…
I am currently an online student at Grand Canyon University, and have its costs taken care of by financial aid loans and have received a stipend check for the leftovers. So I am wondering, does the amount of the student stipend checks have to go on the tax forms? And what types of Student Loans/financial Aid are required…
Hello, I have three W2 all Difficulty of Care Payments 1-Box 1 zero, Boxes 3,4,5,6 SSWages, Medicare Wages, SS Wages withheld, Medicare Wages withheld. Box 12A Gross 401K withheld, Box 14 FLI,NJUI, WF, SW. No State Taxes deducted. 2-Box 1 $465, Box 2 $9.38, Box 12A code II $5,745.00, Box 16 $465, Box 17 $5.82. 3-Box 1…
turbotax requires you to pay for filing a 1095-A form. is that true for here? if so, where can i file it for free?
So y'day I was able to upload a Consolidated 1099 for one of my accounts. It worked ok-ish - it read it, it interpreted most of it ok but there were several errors. Today I wanted to do the same for another account. Same as y'day it said it read it ok, and then when it came back from this "success" the account wasn't even…
I recently filed my taxes and they were accepted. However, I just received a very late 1099-NEC for contract work I reported as self employment on my tax forms. Do I need to do something to correct this? Nothing was withheld so it is the same dollar amount as I self reported and less than $1000. Also, the payer got my TIN…
I filed my returns six weeks ago. I received my refund quickly, thank you. But, I have not received the hard copy I paid for. I need it ASAP! Please help.
Hey gang, Im sorta new to this tax thing so forgive my ignorance; I did the adult thing and did my state and fed taxes here on freetaxusa. Both got accepted and my state return went direct to my bank acct a few days after. However I got an email from the irs.gov just today about how direct filing federal taxes is no longer…
I filed married joint for 2024. This year I need to file married separately. My husband is listed as primary tax payer. The information for switching taxpayers on the site is confusing. It says to keep husband's name as taxpayer then go through and delete all his information then revert it to my name. But there is no way…
my state refund was sent to someone else what do I do
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?
Take a quick tutorial to learn how the FreeTaxUSA Community works!
View all the available categories, and dive into a topic
