I filed my taxes and used the deduction for a used 2020 hybrid vehicle that was purchased in 2023. The refund was not accepted stating the VIN number wasn't correct. I have verified and it is correct. Any reason why?
Where on the Virginia tax return do I claim a deduction for US treasury earnings?
I'm trying to enter home office expenses for a farm, but I can't find where to input this in the Schedule F section of the tax software I'm using. Has anyone else run into this issue? Are there any workarounds or tips on where I might be able to enter these expenses properly?
Hey everyone. Trying to move away from TT… desperately. This year in TT, it properly imported the disallowed AMT interest expense from last years return. I haven't seen a way to do the same with FreeTaxUSA. Am I missing something? Thanks!
Hello, I've been trying to figure out how to include a repayment in my taxes and am still very confused so would really appreciate some help here. In 2023, I started my first job and received a $10,000 relocation assistance that I need to pay back if I leave the company within 2 years. So last year, I filed my 2023 tax…
Hi everyone, I have one business (sole proprietor) and my spouse has two businesses, also sole proprietorships. We each have a home office in our apartment, and I'm trying to figure out the best way to calculate the home office deduction. I could use the simplified method but looking at past returns that were completed by…
Hello, I purchased a Jeep Wrangler PHEV in 2024. As a self-employed business owner, I owe the IRS less than the available tax credit. For example, if I owe $1,234 to the IRS, I will receive a $1,234 tax credit specifically for my plug-in hybrid Jeep Wrangler. However, the credit amount listed on my Form 15400 is $3,750.
Hi! If I have rented out my primary residence and claimed depreciation expense to the rental income, and were to now sell the property, at what tax rate will the total depreciation expense be taxed at now? I'm seeing conflicting information of being taxed at 15% long term capital gains tax to max of 25% to at ordinary…
I own my home and meet the annual income and home value guidelines.
I contributed to both Traditional IRA and Self Employed 401K accounts for 2024. FreeTaxUSA factored in a deduction for both the IRA and 401K. After filing my 1040 I've received a notice from the IRS that you cannot take the IRA deduction if you've contributed to your 401K and MAGI is over a certain limit. IRS is now asking…
My status is single. And I don’t see any path that says Health Insurance. Just, Health savings accounts and medical savings account.
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