-
Why hasn’t the IRS withdrawn my tax payment yet?
Contributed by: KelliP, FreeTaxUSA Agent, Tax Pro You’ve filed your tax return and selected to have the IRS electronically withdraw your tax due. However, the date selected for the withdrawal has passed, and the IRS has yet to process the payment. This can be both frustrating and stressful. This article will explain some…
-
Are my car loan interest payments deductible?
Contributed by: KristineS, FreeTaxUSA Agent, Tax Pro With the signing of the One Big Beautiful Bill Act into law, you may be wondering if your car loan interest is now deductible, or you may have heard there’s no tax to pay on car loan interest. In this article we’ll cover all you need to know to see if you qualify for the…
-
What is the new deduction for senior citizens, and how will it impact taxable social security benefits?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro With the recent signing into law of the One Big Beautiful Bill Act (OBBBA), millions of older Americans got a significant tax break through a new deduction available from 2025 to 2028. You may be wondering how the deduction works and if it affects social security…
-
What is the pro rata rule and why do I need to know it?
Contributed by: CoryF, FreeTaxUSA Agent, Tax Pro Wait a second, I have taxable income on my conversion to a Roth IRA. I thought if I put in enough nondeductible IRA contributions there would be no taxable income, but I am still seeing taxable income on my Roth IRA conversion. What is happening here? Congratulations, you…
-
How do I file a tax extension?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro Do you need more time to file your tax return? If so, you’re not alone. You can file an extension for free with FreeTaxUSA, get started on your tax extension today. Every year, many taxpayers request an extension of time to file from the IRS. Doing this can provide…