Can I Fund a Traditional IRA After Filing My Taxes? Yes, you can fund atraditional IRAafter filing your taxes, but the process differs from the one for Roth IRAs. If you know how much you plan to contribute, you can indicate that amount on your tax return, and you’ll be fine if y...
Parents who have joint custody may also use this form to alternate the tax years in which each can claim the dependent. Amending your tax return If you erroneously claimed your child as a dependent, the Internal Revenue Code allows you to amend your tax return. However, removing the ...
The IRS puts a limit on the time in which you can claim a refund for the over-payment of tax. However, you can't check if you have a refund due to you until you complete a tax return. To amend a prior year return to claim any overpaid taxes, you have thr
You’ll have paid the preliminary tax on this last year, so when filing the full return you must pay the balance of tax due. Remember, this year’s return must include a payment of the balance of income tax for 2023 and preliminary tax for 2024. Preliminary tax is your estimate of ...
When my mother was alive, I was told that the deed to my parents’ house would be turned over to me; I was even copied on emails to that effect, but when I went to the clerk’s office after her death, I was told the deed was not in my name. It turned out that there was no...
Written by a TurboTax Expert • Reviewed by a TurboTax CPAUpdated for Tax Year 2024 • October 16, 2024 1:12 AMOVERVIEWTake a closer look at your portfolio now, and consider tax-loss harvesting for next year's taxes. CPA and TurboTax tax expert Lisa Greene-Lewis explains ...
If you put money into an IRA or 401(k) account, you might also qualify for the Saver’s Credit, which is designed to encourage lower- and middle-income people to save for retirement. The credit is worth up to $1,000 ($2,000 for married couples filing a joint retur...
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You (and your spouse, if you areMarried Filing Jointly) must have earned income for the tax year. You must be the custodial parent or main caretaker of the child or dependent. The child or dependent care service must have been used so that you could work orloo...