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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…
Due to the restriction on the length of posts, I have to break up my post, so please follow the chain of posts for the full story. I am very sick with a terminal illness. I am mostly bedridden. I can barely type. I don't care anymore about pleasantness or trying to hide these things. Over the past few days, I've been…
I'm transitioning to self-employment/1099 work and wanted to share my understanding of the tax process and get confirmation I'm not missing anything. My state doesn't have income tax so I shouldn't have anything to do with state tax. Step 1 As a 1099 worker, you pay two types of federal tax: Self-employment (SE) tax.…
I need correct steps for adding NON TAXABLE 1099 misc. How can I enter this negative adjustment in FreeTaxUSA? I don’t see a specific option for “Other Adjustments to Income” or a way to enter a custom adjustment with a description.
Can this website generate a 1099 misc form for tax year 2018 to print and mail
How long does it take to receive your state taxes when using file now pay later after State website says it was “deposited”
My mother passed away in March and did not file her 2025 return. I was just named voluntary administrator of her estate this month and I want to get that taken care of as soon as possible. Do I file it as normal and sign it with my name with administrator next to it? Also, when ask has a person passed away before filing…
Hello, I included my Social Security benefits in my original tax return. The program told me that I didn't owe taxes on them; however, the IRS has directed me to their tax brackets and communicated that I'd owe anything above the tax bracket. The amount received is $13, 620. The bracket says I owe 12% on income that exists…
What documentation, if any, will the IRS likely require now if a single Form 8606 was filed in 1989 for TY1988 documenting traditional IRA (tIRA) basis (non-deductible contribution); no additional 8606’s were ever filed; but distributions began for TY2024 without a TY2024 8606 form filed? Have been assisting my parents…
This was the first year I’ve had to pay an underpayment PENALTY. The program indicated that the penalty was due because I didn’t have enough state taxes withheld during the year. I’ve since adjusted my withholding with my employer and paid the penalty. I paid this because I didn't want the penalty to increase any further…
I mistakenly put the wrong information in Itemized Deductions - Medical Expenses. It's not giving me the option to delete it or change to 0. I haven't submitted my return yet because this information is wrong. How do I fix?
I received an LT40 and was told they will be talking to friends and watching my accounts starting May 30 2026 to May 30 2027 to collect a debt from 2012. My divorce decree says my ex wife is responsible for that years taxes since she received total sale money of a business. I was also told last year that April 6th would be…
I recently filed my late 2022 Self employment tax return for a refund. I still need to file my daughter's 2022 income tax return for her refund, can I just use my account that I already paid for the upgrade? If yes how do I start a fresh 2022 file for her
I just got offI just got off the California Franchise Tax Board and they said that my refund is being sent to an account that is not on file probably the account that I used with Free Tax USA to pay for my fees that was done on the 15th deposited into whatever Green Dot account I guess and now it is the 17th and I need my…
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…
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