I'm wondering if I need to hire a professional tax consultant to file my return for 2024. I had solar panels installed in 2024 and would like to take the Residential energy credit of 30% of the cost of the solar panels. Can I do this myself via the Free Tax USA website and file both the 1040 and the 5695 forms for my…
I have an employer-sponsored SIMPLE IRA (3% match) with both of my W-2 employers (reported in Box 12a). Do I answer "Yes" to the question "Did [name] make any traditional or Roth IRA contributions during 2024?" and then enter the combined totals from the two W-2s on the next screen?
How to file amended returns for repayment to SSA for amounts under and over $3000? What I found currently is for over 3000. 'Deductions / Credits' tab > drop-down menu > itemized deductions > other itemized deductions > drop-down menu > claim repayments > I didn't found where to add a deduction for under 3000. Please…
Hello, I wanted to know whether fee paid to college come under tax deduction? Whether it is part of standard deduction? or itemized deduction? If yes, what other expenses can be claimed under tax deductions? Is there any limit on this expense?
Where do I take my Massachusetts 529 MEFA deduction?
My boyfriend and I live together. I have a child from a previous marriage and we have one together. I pay for all of my child's expenses from the previous relationship, and our current household we split. Could he claim HOH, with our daughter as a non-dependent as I was claiming her as a tax dependent, sI filled out all…
I understand how to report it but when I go to fill in the country there is no choice for RIC or various. The dividends I paid foreign taxes on were via a mutual fund and the information in the 1099 DIV does not show a specific country.
FreeTaxUSA is saying that I didn't enter any costs for Residential Clean Energy but I have entered a HVAC system and have a $600 credit. Why is is saying this?
Hi. For a friend of mine, if he has a second home (co-op apartment in NYC) that he visits on occasion, is that considered on a "transient basis" and therefore not eligible for AMT? (A "second home" by nature would seem not be lived in 100% of the time, so I'm not sure how a second home can be considered a "qualified…
I installed a solar system on our home in 2024 and can see the tax credit on the Federal Form. Where is this shown on the South Carolina State form? I was surprised that I still owed a small amount of taxes for the state.
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