Hi everyone, I'm a full-time student and a New York resident. In summer 2024, I completed a paid internship in California (June to August). This internship was my only source of income in 2024 – I had no income in NY. Here’s the tricky part: My employer issued two separate W-2s for this one internship: W-2 (NY): Includes…
Vanguard's VUSXX is exempt from federal income tax. When filling out the 1099-DIV income section, I checked yes on the box, "Is this a mutual fund that has U.S. Government interest income?" The next page states, "You've told us that this mutual fund has U.S. Government interest income. This income is not taxed by states"…
Hi FreeTaxUSA team, I just got married a month ago and my wife and I are a little confused on what taxes will look like for the year. I also just started a new job so I took the opportunity to update my W-4 to married and filing jointly, but my wife has not updated hers yet. My question relates to the extra withholding I…
I have a small business and have entered expenses in Schedule C. I would think that the more write-offs I enter my overall taxable income should be reduced, thereby increasing my Federal Refund. But the opposite happens. For example, if I enter Office Expenses, my Federal Refund amount is reduced. If I take the Home Office…
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