Can I contribute the $7000 IRA Max to my personal Roth IRA, and still make payroll deduction contributions to my employer's SIMPLE (Roth) IRA in the same year? Do I have to stop contributing to my personal Roth IRA totally, if I want to exceed $7000 to my employer's SIMPLE Roth plan (or even max-out to $16,500)? I'm a…
Recently I have been to a couple of sites where they allow you to do an estimated tax for the upcoming year. For example, if this is 2025, they have a tax calculator that allows you to do an estimated tax return for 2026 using the latest tax tables (as they are released) and any new tax laws that have come out (e.g., the…
Our 2025 Software has launched. Find it on the homepage - https://www.freetaxusa.com/ You can start entering your information as soon as you'd like.
My pdf copy of my 2024 form 1040 would not import. Not really a big deal because I can enter the income & deduction sources manually. My TurboTax forms were in a single file. I made separate files of the 1040 and 540 forms. The file I attempted to upload was the 1040 file. Since I have entered the personal info for our…
I changed my email address and I just got a response from RyanV. His reply was sent to my old email address. It is the one that was used when I first posted a question on one of his posts. https://community.freetaxusa.com/discussion/2687/freetaxusa-2025-software-is-now-live#latest My question is this. If you change your…
IRS has posted draft versions of the 1040 and a Schedule 1-A Interesting changes. Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf 1040-SR https://www.irs.gov/pub/irs-dft/f1040s--dft.pdf 1040 https://www.irs.gov/pub/irs-dft/f1040--dft.pdf IRS Web site (Draft forms). https://www.irs.gov/draft-tax-forms
Hi! Where can I find o copy of my 2023 tax return that was processed? I’m having a hard time trying to find it? Thanks!
I was one of five children to inherit this property back in 1968. My sibling didn't want the property so I paid the tax and built a cabin on it. In 2010 the siblings sign the property over to me. I need to know how I figure the basic price for this property. Im selling the property on a contract for deed. So will the basic…
I’m going to try to explain this the best I can I apologize if it’s hard to understand. the beginning of the year I started doing product reviews. The companys or person sends me the money for the product I need for the product,then I order it and after I receive it and can test the product I give my honest opinion and…
I'm planning to open a new position in QQQI, from what I'm reading it's taxed as a ROC. From my understanding, I would not owe any taxes at the end of the year on the ROC portion unless if I sell my shares. If I do not sell my shares the cost basis keeps going down until it reaches zero, then each year I would owe taxes on…
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