I'm not coming across any sections where I add the cost of solar panels installed in 2024. After confirming that I made my home more energy efficient and verifying my address, there is a screen for energy efficiency improvements (insulation, windows, and doors), fuel cell costs, and energy property expenses (HVAC, water…
I am married filing jointly with my wife. We have 2 kids in two separate daycare. We both have Dependent care FSA through our jobs and we contributed a total of $5000 between us. We want to claim the Child care credit since the IRS allows you to apply up to $6,000 of dependent care expenses to your taxes (2 or more…
past years on hr block I’ve been able to file HOH I’ve got 3 kids I claim 2 for dependent and 3 for head of household but freetaxusa is not allowing me to claim that way. Anyone know why?? I’m very confused. My 1 child I claim for EIC only her dad claims as dependent as I pay for all living expenses
How can I handle the following situation. I received a Form 1099-K in error for transactions between friends. The IRS guidance is as follows: “If taxpayers can't get a corrected Form 1099-K, report the information on Schedule 1 (Form 1040), Additional Income and Adjustments to Income PDF, as follows: Part I – Line 8z…
My wife maxes out her 403(B) so her income on her W-2 is around 5K, yet her social security wages show 37K. Can she still max out her IRA, or is she limited to the 5K amount in box #1 of her W-2? We are married and file jointly. Thanks
Hi All, Is anyone else having trouble with line 8e of the Schedule CA 540 not adding a through c together, only taking c? I think this may be an error in the software where its not combining the full interest amounts allowed for state deduction?
Hi folks, Problem: I have two RE properties but FreeTaxUSA UI asked me to input RE depreciation params only for the rental property and not the primary house where I live. Is this a miss on my side or perhaps IRS allows to depreciate only one house per tax return? Context: I have two real estate properties - one is primary…
Searching this community, I found from a previous answer that FTU will automatically credit any excess social security paid by my employers. I know that if there was just one employer, I would have to seek recourse through them but for 2024, I have three employers. All three overpaid by quite a bit, per my FTU W2 summary…
Hello - I believe I have found a possible issue/error with FreeTaxUSA 2024. I made a large amount of charitable contributions in 2024 in the form of donated stock - or Capital Gain property. According to the IRS, deductions for Capital Gain property are supposed to be limited to 30% of my AGI, with the rest carried over to…
I live in an old house that is owned by a family member. I had purchased a new electric boiler and had it installed in 2024. Although I do not own the house, I currently live in it and it is regarded as my permanent residence. Would I still be able to qualify for a tax credit?
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