Hello, I did not take the itemized deduction in the first year (2021) I purchased my home (primary home) since the standard deduction was more beneficial. Instead, I am amortizing the points paid. I entered the mortgage interest information from Form 1098 (2024) in the "Your Mortgage Interest" screen and selected the…
I received a Form 1099-MISC for $5,000 as a lemon law settlement related to a defective personal vehicle. This amount was reported in Box 3 of the 1099-MISC. According to IRS guidelines, this type of settlement is non-taxable if it simply reimburses me for a loss and doesn't exceed my original cost — which is the case…
how do i add a home energy credit to my return
I had a lot of medical expenses and still paying them off. Can I add these to my taxes and what is the limit??
This page @ IRS https://www.irs.gov/credits-deductions/home-energy-tax-credits links to this page https://www.energy.gov/policy/articles/making-our-homes-more-efficient-clean-energy-tax-credits-consumers Which says that Heat Pumps are deductible, up to 30% of cost. But your software won't allow me to select anything about…
my mortgage was sold to another lender and now I have 2 1098, and don't know how to file them. can any help me with this problem?
I rent some web hosting from a provider, I paid for several domain names, and I subscribe to a few services that assist me in my work. How do I claim these?
I want to contribute to my HSA in 2025 before the 2025 tax filing deadline and have it count for 2024. Is there somewhere during filing where I can specify that I want what I contribute to count towards 2024 and not 2025? I don't believe I see that option in FreeTaxUSA. Thanks!
Hi: I contribute to a 457(b) plan and I am concerned that the tax software is not making this deduction for the pre-tax contribution. I have contributed a little over $2000, to the pre-tax 457(b), along with additional Roth 457(b) contributions. But when I add the pre-tax contribution, it does not appear that my federal or…
Hello everyone, On the Deductions and Credit Summary, it doesn't allow me to click the Foreign Tax Credit button, but that's the exact feature that I need. How I enter Foreign Tax Credit? https://imgur.com/a/O2XB7uA
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