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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…
There is a difference between what FreeTaxUSA is showing for my state tax owed (Idaho) and what my spreadsheet says. FreeTaxUSA says I owe more for the state by $200+. I cannot find a way to see or print the forms like I can the Federal forms before I actually file. If I choose to file by printing both forms and only print…
If I have gambling winnings w-2 to claim on my taxes and I also have gambling losses to claim, how do I file on FreeTaxUSA?
I filed on 1/27
I received check for class settlement in April 2025 and got w-2 and 1099 Misc when requested in Feb 2026. Have 2 issues: Check received was for bigger amount than w-2 and 1099 Misc together, so what to report? Received 2 of W-2, one for wages from settlement fund with all boxes filled but without CA SDI in box 14 and other…
Hi! For the 2025 tax year, I lived in Maryland and worked in Pennsylvania for the entire year. My wife was the same - we work for the same company, and we are filing married jointly. Each year I do the taxes in both Turbo Tax and FreeTaxUSA to see if I can get the numbers to match, then I file in FreeTAXUSA. Kind of just a…
This is my 2nd year using this application. I notice that it only mentions FEDERAL and STATE taxes. But never CITY taxes. When I used a preparer they always processed city taxes. Hope I'm not confused. Can anyone help?
In my household, my oldest one started working in the middle of Jan last year, and he is not my dependent anymore. He even lives separately in different city. But for the month of Jan, I kept him on my marketplace insurance. Starting Feb I removed him from my marketplace insurance since he was going to have his own…
i need to file taxes for others i have a ptin for 2026 renewed
Is FreeTaxUSA going to provide eFile Options for professionals to transmit RITA returns for City/Local taxes? Attention Software Developers All software vendors and products must register annually. Please submit one or both of the following forms: Tax Year 2025 RITA Form 37 MeF Application - Individuals Tax Year 2025 RITA…
How do I check that box on the 1040 that my dependent is a full time student? I have gone back to the Personal Information section and edited the dependent but that is not a question there.
Freetax uses greendot so I expect help from freetax. The IRS website states my money haS been deposited. I agreed to pay my fees with my return, So santa Barbra bank, by all logic has my return. They're supposed to take their fees and release it. Now its the 23rd, the day I should have received my deposit and NOTHING.…
the account my funds are supposed to be deposited to was closed by the bank. I used my refund to pay for my fees, how long will it take for me to receive a paper check?
Do I use my account and enter their info or do I need to make each one their own account they are 16 and 17 this is my first time filing for them want to do it correctly
Hi, I have two W-2s—one from a regular job and one from IHSS. The IHSS W-2 has $0 in Box 1 and 2,but there are amounts in Boxes 3–6 and Box 12 (Code II). Can I leave out the IHSS W-2 so I can e-file? The software doesn’t allow it with $0 in Box 1. Will leaving it out affect my Social Security credits? Also, should I enter…
I have made small bets over the couse of the year. FANDUAL says that I won $2000. Most all of the beys were $1-$5. That $2k includes the bet amout plaus the win...ex. $1 bet pays $2, they say I won $3. Is this really the way the IRS taxes this? I know i can deduct losses if I itemize but I dont have enough deductions for…
I completed inputting my S- corporation information with my K-1 when I received an error message that states the following: "We don't support your return. Unfortunately, we don't support your return because you're claiming a loss greater than your basis. This means the losses you can claim are limited, and we don't support…
Hi, last year on 1/3/25 I made an excess $7000 Roth IRA contribution for the 2024 tax year. I did not remove the $7000 from the Roth IRA account and paid the penalty on my 2024 taxes. I am now filing my 2025 taxes and am still incurring a tax penalty for the $7000 excess 2024 Roth IRA contribution that I left in the…
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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