Basically - I overcontributed to my HSA in 2023 and no longer have a HDHP. I paid the 6% excise tax for 2023. I am now trying to remove the overcontribution for future tax filings. If I withdraw the overcontribution + gains today (February 2025), can it be applied to 2024 taxes even though a 1099-SA will not be generated…
My fiance and I file separately and we have a child that he claims every year. this year we didn’t get the child tax credit on his federal. even with his federal and state combined it doesn’t amount to what he said he was getting for just his federal. we’re just confused because when he went to file and submitted…
Hi for my state taxes, I can't figure out how to add form NOL-85. I've filled out schedule c for my federal but can't seem to find NOL-85 for Alabama.
I am having problems with the carry over value of an inherited property. I rented it our for two years and was able to use the depreciation of the structure as a deduction..but now that I have sold the property..I can not get both values (Land and Cost basis of structure) to show on the alternative minimum tax depreciation…
If my 2 dependant children lived with me for 12 months, and I claimed both as dependant deductions, can the father (divorced) of one child claim only the child tax credit?
When I answer Yes to that question your Software asks me to enter what is on my 1095-A. I was given a 1095-B. How should I answer the question because I believe your software will flag my returns with an issue if I do not enter something. Thanks!
I am trying to claim a heat pump installation on form 5695, but there is no option to do so. I only see Solar, Wind, or Geothermal as options. I have read the IRS tax website, and this should be an option. Please advise.
I needed to have my HVAC repaired (not replaced) and have mold removed last year. I've looked up and down the section for deductions and I'm not sure where these can be entered. As far as I know these should be tax deductible, but maybe I am mistaken?
Credits are showing in 2020, they are carried in from Oct. 30, 2023. I did not file a return in 2021, my question is do I claim these credits in a 2021 filing, or a 2023 filing ?? Anyone who has a good way to resolve this , I will appreciate reading from 🙃
I have a 1099R and both box 1 and 2a are the same amounts. The amount in box 5 is my insurance premiums. The amount of my premiums is included in both box 1 and 2a. Can I deduct the premiums as a medical expense if I itemize my taxes?
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