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Underpayment Penalties and Estimated Taxes
Hello Community, Occasionally in tax support, we see a trend in the types of questions we get. This year we are seeing more questions about the Underpayment Pentalty than normal. The IRS has said they are seeing an increase in taxpayers who are subject to the Underpayment Penalty. So, it isn't a surprise we are seeing more…
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EV Credit Rejection for VIN: Clean energy credit
I filed my taxes and used the deduction for a used 2020 hybrid vehicle that was purchased in 2023. The refund was not accepted stating the VIN number wasn't correct. I have verified and it is correct. Any reason why?
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Recover your username and password: You can use this link, https://auth.freetaxusa.com/ReclaimAccount,or go to FreeTaxUSA.com, click support in the top menu, and then select 'Forgot username and password?' from the dropdown menu. (Don't see the recovery email? Make sure to check your spam folder) If that doesn't work, try…
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Welcome to the FreeTaxUSA Community!
Welcome to your first discussion in the new community! Here are the first steps for making an impact: 1) Know that the discussions tab (top of window) is the best places to ask and answer questions, and the articles tab (top of window) is the best place to take a deeper dive into fundamental tax topics. New questions and…
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November Highlights!
This is the second month of our community! It’s been so exciting to see everyone come together in this new tax space and tackle tricky topics! We’re happy to have ALL our new members! This month we want to give a special shout out to our members with the most points this month! Our member with the most points is (and…
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Community Guidelines
We need everyone to help actively make this community a fun and helpful place. All community posts and members need to follow these guidelines. 1) No hate speech 2) No illegal activity 3) No company or self-promotion 4) No personal attacks 5) No sharing or posting personal identifying information (i.e., full name, address,…
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Does FreeTaxUSA support NY IT-203-F Multi-Year Allocation forms?
Hi, I have Restricted Stock Unit (RSU) awards that vest within a 4 year window. Some of these were awarded when I resided in New York. I've currently relocated to California. However, I still need to file New York Income State taxes for the RSU awards granted in NY but are vesting while I'm in California. I believe the…
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Backdoor Roth Conversion filing issue
Hi, In 2024 I made non-deductible Traditional IRA contributions and then converted that Traditional IRA balance to a Roth IRA. So I got a 1099-R for the distribution. I believe I correctly input the 1099-R and follow-up questions into FreeTaxUSA (yes this is a Roth conversion, my 2023 and 2024 year-end Traditional IRA…
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MFJ if spouse moved during the year to a different state
We lived together in NY for about half of 2024, but then my spouse moved to MI for the latter half. I am still living and working in NYC. My spouse lives in MI and has no income other than interest and dividends. How do we file our federal and state taxes?
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Credit card declining
I have to mail in my return so I no longer qualify for the “take payment from refund” option and have to pay for my audit defense upfront. I have tried 3 different cards and they all are being declined. Need help ASAP.
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Tax Return Acceptance
Hey so I filed my state return and federal return about 3 days ago now and still haven't received any emails about them being accepted or rejected and on both the federal refund site and my states refund site, they haven't received them yet. Just wondering if I should just wait longer or what I should do.
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I want to make sure I understand what a Gain/Loss Report is without a 1099B, 1099Misc, or Form 8949.
In 2017, I bought some BTC on Coinbase. In previous years, FreeTaxUSA always asked if I sold crypto, so I never reported anything since my investment has just been sitting in Coinbase, until now. I let it sit until 2024, when I converted $20 worth to Ethereum to capitalize on a promotion they was running. This conversion…
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Excess Social Security withholdings - FreeTaxUSA vs. H&R Block
Running FTUSA and HRB side by side. I notice in HRB, my wife and I (filing joint) get a $4,000 credit due to excess Social Security withholdings having both been employed and making more than $168,600 combined. A quick Google search shows this quote from TurboTax: For tax year 2024, you'll have excess Social Security…
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Non-deductible IRA and 8606
In 2024 I contributed $7000 to a traditional IRA and immediately converted that $7000 to a Roth IRA. I have now received a 1099-R saying: 1 Gross distribution = $7000 and 2a Taxable amount = $7000 Then on freetaxusa it asks is this a roth conversion? I select YES and enter $7000 as the distribution conversion amount. Here…
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How to allocate out-of-state property sale on Michigan return with MI-4797?
I'm a Michigan resident and sold an inherited rental property in New York in 2024. I'm almost positive I have entered everything correctly across my Fed 1040, Sch E, 4797, etc. and non-resident New York return with everything allocated to NY. I'm an active participant, but definitely not a real estate professional so no…
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NY IT-203-F Multi-Year Allocation form not supported in 2025 also?
I'm interested in this multi year allocation form to account for some RSU granted in NY and now in another state. From a similar question last year and based on https://www.freetaxusa.com/formsseems to be the case but just confirming with experts here.