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Re: Print before file
Hello, Mike We are here to help the community. You are able to view a full Federal tax return (with the watermark) by visiting the Summary tab and scrolling to the bottom where there is a link to &qu…1 -
Re: 2025 1040 Forms Draft version
Was curious about the Senior deduction and how they plan to add it to a 1040. Will take 2024 data and see what the approximate totals will be. Will be interesting.1 -
2025 1040 Forms Draft version
IRS has posted draft versions of the 1040 and a Schedule 1-A Interesting changes. Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf 1040-SR https://www.irs.gov/pub/irs-dft/f1040s--dft.pd…3 -
Re: Estimated tax
Hope Freetax USA will include estimated tax in the tax return program.1 -
Re: Question on correcting the ETV on 1099-NEC, company providing goods for review will not correct form
Hi Sparkjoy, You have a few things going on here. Let me address each one. I hope you find this reasonable. Reporting the income. What you have here is called a barter exchange and thus is still taxa…1 -
form 8881
Hello, I am trying to figure out if freetaxusa supports form 8881? In particular, I would like to claim 'Credit for Small Employer Pension Plan Startup Costs'. Thanks!1 -
Re: ROTH IRA - Withdrawing Excess Contributions
Hi TaxedByAlexis, You are right. Basically, what you have is an excess Roth contribution because you didn't have qualifying income. You must withdraw the whole amount including earnings or you will p…1 -
Re: ROTH IRA - Withdrawing Excess Contributions
Thank you for this reply. You first need to initiate a withdrawal of the 2024 contributions from the Roth IRA. You have till the end of 2025 to generate some earned income to qualify for the 2025 con…1 -
Reporting state tax exempt interest from US Agency bonds (eg, FHLB)
Interest from (some) US Agency Bonds are exempt from state taxation. An example is Federal Home Loan Banks, FHLB, which is exempt from all state income taxes. However, interest from these bonds is re…1 -
Re: Reporting state tax exempt interest from US Agency bonds (eg, FHLB)
I have the same question for California. My FHLB interest is in Box 1 on the 1099. How do I adjust this for my state return? I'm not seeing a specific question for it in the walkthrough for the state…1
