My Sales Tax Deduction for 2024 calulated by TurboTax is ~20% lower . . . I have the exact same issue TurboTax does match what the IRS calculator shows which is somewhat comforting My AGI is up over 20% from 2023 yet my sales tax deduction is down about 22% from 2023 The tax rate has not changed in my area between the two years So I'm guessing this is some IRS change again?
Dependent Calc - Intuit Dependent Credits Deductions Calculator Can I claim my child as a dependent? Start Is this child younger than 19 years old (or younger than 24 years old if he or she is a full-time student)?
Im not seeing the tax calculator at the top of my screen as I enter data I'm not seeing the tax calculator at the top of my screen as I enter data After someone at Turbo recommended, I start over I did, and it still didn't work I'm using the cheaper turbo for business version versus the one with live advise currently at $169 After five tries I selected the more expensive version and sure enough the calculator is there Been with these guys since 1999 Bummed!
Estmated tax payments too high - Intuit My income for 2023 was artificially high due to extraordinary circumstances In 2024, my income will be just Social Security payments, interest and dividend income I am retired and have no withholding this year yet Turbo Tax has calculated that I should be paying estimated taxes for 2024 TY
Can I claim the sales tax deduction? - Intuit You can't claim both, and you can't claim either one if you're taking the Standard Deduction There are two methods for coming up with the amount of sales taxes you paid during the year: add up all your receipts (actual expenses) or use the predetermined IRS amount which is based on your sales tax rate See IRS Sales Tax Calculator
Why is my sales tax deduction lower in 2024 than 2023? I made more . . . The sales tax deduction calculator in Schedule A has not been updated to Tax Year 2024 It will only accept up to 2023 I don't think TurboTax can fix that issue The IRS would have to correct it I don't know how to alert them to the issue
Solved: Why does my taxable income show zero, yet I still owe . . . - Intuit The AGI does show a positive number, but I thought that federal tax was calculated using Taxable Income I also do consulting on the side, for which I did not pay any estimated taxes, so perhaps that's affecting my federal taxes? I have a little W2 income and I also have another side business that s
Estimate 2024 taxes - Intuit I will be winding down my self employment this year and rely primarily on Social Security (self and spouse) and rental property income for 2024 How do I estimate my tax liability (married filing jointly)and begin quarterly estimated payments? Thank you