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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 filed my federal and state taxes. I received an email saying both of my returns were accepted, but then I received a letter in the mail saying that my state taxes could not be processed due to a discrepancy in my name. I don’t see how when I used the same name for both returns. Could someone help?
I filled out the routing# and account#'s on my form and checked off savings account yet the IRS mailed my refund anyhow. I verified that info is on my 1040. So what happenned that they didn't do direct deposit?
So I purchased crypto four times [ the same type ] within two months back in 2021. I sold it all in 2025. I reported the dates bought and sold for all four purchases and calculated the units that were sold with the value of each unit on the day it was sold so it gave me the profit of each individual purpose. My issue that…
Just realize this year while getting ready to file that I couldn't contribute to my Roth IRA on 2025. I have had the excess ang gains returned. How can a declare my gains this year since I haven't file my taxes? Is there a way to do this to avoid any amendement. Fidelity will send a tax form until next year. Thank you.
This discussion was created from comments split from: Is there a way to speak with someone one the phone directly about never receiving my refund??.
Where enter form 8995 line 3 info - Loss carryforward?
Hi, I entered my payment information for Georgia taxes to be auto-deducted on the 15th of April, 2026 and submitted as e-filed. Can this be modified after e-filing on freetaxusa.com so I can pay in installment? Also, what process steps I follow on freetaxusa.com. I have printed and filled the GA-9465 form "Installment…
Where is Injured Spouse information entry located in the 2025 software for a married filing separately return? We looked in both federal credits/deductions and miscellaneous but have been unable to locate it so far. The Help does not have a hyperlink to go directly to that screen but says the topic/form is supposed to be…
I am a NY resident but I am a member of a partnership LLC operating in VA. It had a big loss in 2024. In 2025, the LLC made a small profit but my k1 income in 2025 is still less than 2024 loss carry-forward. Since the LLC had income in 2025 and the VK-1 I received showed a positive number, I assume I need to file a…
I am filing taxes and owe for both federal and state, it gave me an option to pay federal on irs website however the state is making me pay up front. Can you please help me find a solution or a way to include it in the irs payment plan
Hello - I own 60% of my home as tenants in common. Is it now possible to attach an explanation statement to Schedule A line 8a, to explain the modified amount? I want to e-file and not mail in my taxes. I saw in a response to a different community question on "1098 filing separate" in 2024 that it wasn't. But hopefully…
Hi all, My wife had HSA eligible plan from Sep 2024 - Aug 2025. She did a full contribution using the last month rule for 2024. I'm aware that we needed to pay the 10% penalty for the excess 8 month of contribution for failing the test period. But I could not find anywhere to do that. I can see the form 8889 is supported,…
I rolled over $7,000 through a qualifying 529 to Roth IRA trustee-to-trustee transfer, but FreeTaxUSA reports this as an excess contribution because of my MAGI. However, 529 to Roth IRA contributions can be made regardless of MAGI provided they're qualifying (under the annual limit, under the $35,000 lifetime limit, etc.)…
My mom retired years ago from being a nurse at a nursing home owned by the local church diocese. She gets a pension from "Roman Catholic Pension Lay Pension Plan" SEI Private Trust Company. I've been under the assumption, this is not a 403(b) plan as she worked at a nursing home, not a church directly and the plan clearly…
I live in Wisconsin (full-time resident) whereas my wife lives in Georgia (full-time resident). I had no income in georgia and my wife had no income in wisconsin. Federal taxes looks straightforward but filling state taxes are complicated right now. We are trying not to get double taxed in both states. Georgia is allowing…
Typically, his taxes have been done by someone but I was hoping your program will make it easier on him if we do it with you. We are his guardians so we sign for him, his check is put into an ABLE account for his future. The information I would give you would be his W-2, his SSA-1099, Form 5498-QA ABLE Account…
I am attempting to file my taxes and I had a mini split system installed in my home as I wanted to be more energy efficient. However the company I went with sells them as a "package" and does not have an itemized break down of what each parts costs... So how do I determine the most expensive part if the company doesn't…
I receive Old Age Security (OAS) and Quebec Pension Plan (QPP) from Canada. These are GOVERNMENT pensions and I believe they are considered as Social Security according to the treaty between Canada and the USA. I pay tax only in the USA as I am a resident alien of the USA and a non-resident of Canada. I read that OAS and…
I’m reviewing a prior state tax filing involving part-year residency and subsequent relocation. There is a question about whether income earned after the move was properly classified. Before taking any steps, I’m trying to understand the broader procedural framework: In residency disputes, how much weight is typically…
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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