I'm looking to claim the Energy Efficient Home Improvement Credit for a second home which I reside in some of the year and I installed electric heat pumps. If you begin the Home Energy workflow, if you select the option that the improvements are not for your main home, the only options to claim are on Part 1 of form 5695…
I was prompted under “Deductions and Credits” and also under "State Payments” (with the specific dates) Do I enter my paid estimated taxes in both sections?
I contributed to both Traditional IRA and Self Employed 401K accounts for 2024. FreeTaxUSA factored in a deduction for both the IRA and 401K. After filing my 1040 I've received a notice from the IRS that you cannot take the IRA deduction if you've contributed to your 401K and MAGI is over a certain limit. IRS is now asking…
Hi for my state taxes, I can't figure out how to add form NOL-85. I've filled out schedule c for my federal but can't seem to find NOL-85 for Alabama.
i am a mechanic that needs to buy a **** ton of tools for work but its not my company and i even own a tool box thats 11k. I probably spend 2 k a year on tools alone. Can you write it off or whats a good way to deduct them LEGALLY? Theres got to be a way to write them off.
I'm doing a deceased person's estate income tax form 1041 and corresponding state. This person's personal income tax (federal and state) was paid from the bank account which belongs to the estate of the deceased. Can this amount be deductible on the estate income tax as an estate administration expense or under some other…
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