Hi, I have contributed 7000$ in 2024 towards year 2024 to Roth IRA. In January 2025 I have contributed another 7000 towards year 2025. Now I got to know that I can not contribute to Roth IRA due to Income limits, so I removed all 14000$ as excess contribution in March 2025. Now I will receive form 1099-R in 2026 so how…
I lived in Wisconsin Jan through end of September (9 months) and Illinois from October through end of year (3 months) I have a few accounts I've earned interest on, and one investment account that earned interest, dividends, and capital gains distributions. It was my understanding that 9/12 of this income should be…
I receive a one tome payment in December from a pension plan. They deduct 10% automatically for "taxes", but I always get it refunded when I file my taxes. How can I find out how much I can increase that payment without having to pay any tax.??
I’ve never had this problem before but this year my fed is due in red. I took off my dependents due to someone else claiming them I’m trying to file myself like I did before but this time it’s showing in red.. can someone tell me why
I relied on TurboTax for 19 years and suddenly NOTHING. I mean after TurboTax Regular to Deluxe to Premier —-NOTHING.
Hello, I lived and earned money in NJ for half the year and then moved to and earned money in CA for half the year. However, my address listed on my W2 from NJ is my current CA address (I wanted an address that would be valid at the time my W2 was sent out.) How do I clearly indicate that I was a NJ resident for the first…
Hi there! Sorry if this has already been answered before. My husband and I are filing as MFJ, and as we were filing our 2023 tax return, we were notified that I had over contributed to the HSA limit by $1540 — I mistakenly thought we had separate limits since I was on a family plan and my husband on a self-only plan. I…
Hello, In recent years FreeTaxUSA was not able to attach Form 1116, the Foreign Tax Credit form, to my Federal Income Tax Return Form 1040. Namely, as per Form 1116 instructions, even though my foreign tax credit was related to interest from a CD in a foreign bank, since I do not receive a qualified payee statement from…
Foreign taxes paid but do not have the name of any countries
I have $1000 in foreign taxes which comes from foreign income in multiple countries, some via RIC and some not. I would like to take the foreign tax credit. How do I enter that in the "Tell us more about your foreign income" page? There's only room for a single country as the income source, and only a single choice as to…
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