Recently, I reviewed my Roth IRA and Traditional IRA to make sure I maxed out everything for 2024 and 2025. Since I was under the MAGI limit for 2024, I directly contributed $7000 to the Roth. For 2025, since I would be over the MAGI limit, I contributed $4000 into my tIRA and rolled it over, and then contributed $3000…
Can I amend my 2023 federal return only - and not amend my state return? Also, do I need to wait for my amended return to be processed before I file for 2024?
Hello. I discovered that I over contributed to my Roth in 2022 because I was over the income limit (though within range for a reduced contribution.) I filled out a form 5229 for 2022 and 2023, which I already mailed in to the IRS and I paid the calculated tax via IRS direct deposit. I realized that I forgot to report the…
I'm finishing up my 2024 taxes and realized I missed a credit/deduction for 2023 that I was eligible for. If I purchase Deluxe for 2024, are the free amendments only for 2024, or for any prior year?
I freelance and prepare my own taxes. My employer sent me a 1099MISC and I went ahead to file my return before my employer notified me that it was the incorrect form - I should have been sent a 1099NEC. My employer is correcting this on their end and I will get a 1099NEC soon. My question is whether I need to submit an…
I have a complicated tax situation I was hoping I could get advice on. I filed my 2023 taxes saying I live in New Jersey. I submitted a federal tax return as well as state returns for New Jersey and New York (because I worked in New York). I made two mistakes in this return. First, I stated I lived in New Jersey, but I…
I hadn't calculated depreciation for my small rental home in years. I guess my previous tax software missed that. I do remember taking it when I used a CPA and a tax preparer in the past, though. How do I calculate the depreciation? How do I enter that in FreeTaxUSA? What happens if I depreciate my property - does that…
I need to pay the state return to avoid late penalties, and I might as well go through the whole filing process and pay what I owe, too. Can I file and pay for my state return on the FTB site, and file an extension for Federal on FreeTaxUSA, and pay the estimated tax that I owe for Federal as well? What's the best way…
I still need more time, and the April 15 deadline is coming up soon. Should I file an extension, or amend later? Should I pay an estimated amount if I owe taxes? I owe quite a bit for not paying the Estimated Taxes through the year. Is it easy to get a refund if the estimated amount is over what I should be paying? Do they…
I just received a K1 for a small trust distribution and I have already filed my taxes. They were prepared by a volunteer via the VITA service. They only provide a paper return and they have no more availability this year to assist with the amendment process. This distribution will also require me filing a return for an…
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