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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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IHSS W2, $0 in Box 1
For 2024, I was a live-in provider for my grandpa and received a W2. Box 1 and Box 2 have $0.00 wages, Boxes 3-6 have wages & tax withheld (social security wages & taxes, medicare wages & taxes), then box 12a has an amount, the same number as box 3 and 5. I put this in as a regular w2 however before I click to e-file it…
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1099g
I just found my 1099g forms for refunds from my 2019 2020 and 2021 taxes and I didn't file them. I'm wondering if I could still file even though I already got my returns I didn't do them threw efile
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How to report 1099-K when some of the money listed on the 1099-K was sales tax
I rent out a parking spot using SpotHero. They provided me a 1099-K, but part of the money that went into box 1a (i.e., Gross Amount of payment) is taxes that were paid to the city or state, and some of the money is fees that SpotHero collects. So I take home a little more than half of what is reported in the 1099-K. How…
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How do I answer this question for the NC State Return for NC ADDITIONS TO INCOME?
Under the topic "NC additions to income" I don't know what are they asking? What are some examples of Expenses Allocable to Income Exempt or Excluded from Gross Income? Why would I include expenses that are exempt from NC income tax like it says below? Would this include 401K contributions? Expenses Allocable to Income…
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Wrong filing status
I filed single but im married and been separated for 4 years. Do I need to change this?
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How can I make Schedule E to be non-passive income?
I have an airbnb rental. My average rental days is less than 7 days and I actively participated in the business. I read up on airbnb reporting guidance that I should report my rental activities on Schedule E. However, when I use schedule E in FreeTaxUSA, it's default to be passive income. What do I need to do to make it…
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Does FreeTaxUSA allows importing Form 8949 from other software?
I've been using FreeTaxUSA for all my tax needs, but I was just a student, so the taxes were just W2. This time (next tax season) around though I will also have 1099s as well, that too from two different brokerages, and I would actually have two wash sales across the brokerages. So, in order to simplify things I'll…
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where do I enter the cost of goods sold?
where do I enter the cost of goods sold? It is nowhere on the income tab.
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State taxable income for a part-time resident
I was a part-time resident in CO and IL for one W-2, with no overlap, but the state filing summary shows that my CO taxable income is the same amount as the federal taxable income despite correctly inputting the CO portion of the income in the state filing page. It shows up correctly for IL. How can I fix this for CO?
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Help Needed: Filing 1042-S Income as a Resident Alien
Hello FreeTaxUSA Community, I'm seeking guidance on how to file my taxes after receiving Form 1042-S instead of the expected 1099-MISC. Here's a brief overview of my situation: I am a resident alien who has lived in the U.S. for over 5 years. Last October, I completed a personal service contract with a university. Despite…