From googling I think the answer to the question I posted is "No." But I did such a rollover in 2024 and then when I did my 2024 taxes on here at FreeTaxUSA in early 2025, it taxed the rollover income not only for the Fed Gov't but also for the state of PA. I did another such rollover recently and I sent the state of PA…
Hi, January 2025 deposited $8000 (50 and older) to 2025 Roth IRA. Due to increase in wages my magi is too high and I will contact vanguard this week and have $8000 plus earnings re-characterized as a new IRA. My concern, what steps must be taken to fill out taxes properly. It should be a simple process but the more I read…
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…
I was the primary caregiver for my terminally ill father for 6 months in 2025 and as insurance and hospice did not help much and since he needed 24-ht care and supervision before he passed, I was not working my normal job. My parents paid me around 7200 total (about 1200 a month) out of their pocket to make up for my lost…
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 have been waiting on my state refund for weeks now. I saw that it was issued on the 10th and if i didn’t receive it on the 10th day, to call to check the status of my refund. it has been 16 days and when I called, they told me that i did receive my refund but its not in the account i put in for it to be deposited into. I…
Hello there! I have 2 questions that I need help with. I don't have the greatest understanding of the topic, so let me know if I'm not providing enough information. Thanks! 1. The private company that I currently work for is planning to hold a secondary sale to allow existing employees to sell some of their vested stock…
I use Drake software for those that use it. I have a client that does Drive-away. That means he transports client trucks from one point to another, meaning he does not own a truck. On his 1099 schedule C the Drake Software requires: make and model and date placed in business. I don't have that information. Any ideas?
It looks like you're new here. Sign in or register to ask and answer tax questions.