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?
I invested in a film back in 2008 that never showed a profit. I received one k-1 in 2009 with a small return and used Form 8582 to report it, but have not received one since and have not been able to track down anyone related to the film. I would like to write-off the remainder of my investment here in 2024. How do I claim…
Minnesota still allows a deduction for private insurance payments, but I’m not sure how to add this amount to my state filing. The tax software system doesn’t let me include it under Form 1098 since there’s no longer a federal deduction for this. Does anyone know how to handle this?
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