Audit Support Guarantee: If you receive an audit letter from the IRS or State Department of Revenue based on your 2024 TurboTax individual or business tax return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Support Center, ...
our fee-based Audit Defense service is available for purchase (sold separately). If we are not able to connect you to one of our tax professionals, we will refund the applicable TurboTax federal and/or state purchase price paid. (TurboTax Free Edition customers are entitled to p...
please followBackdoor Roth in TurboTax: Recharacterize and Convert, 1st Year.If your contribution during 2024 was for 2023, make sure you entered it on the 2023 tax return. If not, fix your 2023 return first by following the steps inBackdoor Roth in TurboTax...
The second person only makes $320 that week, though, meaning the sales tax takes up 2.2% of their income–even though they are paying the same percentage as the first individual in taxes, it hits low-income earners much harder since it is such a high percentage of what they make. Proper...
Thank you so much for your prompt reply! Doing this “Enter $6,000 when it asks you what the basis was from the previous year. ” really brought the tax refund amount back! But could you explain why? The H&R Block page said
Even if you meet the income requirements, Free File might not accept the forms you need. There's also not much support to help you maximize your refund or minimize your tax liability. What if I don't meet the Free File income requirement?
Part 2: Is QuickBooks Compatible with TurboTax Can I import QuickBooks Online into TurboTax business? Well, based on all the information we have, it will not be easy to integrate QuickBooks with TurboTax. However, you know for sure that it is possible to import QuickBooks to TurboTax as ...
the mobile finance tool similar to venmo, cash app has taken over for credit karma and provides free federal and state filing, and free audit defense. you can do your taxes through your computer or phone, and even easily snap a photo for your w-2 within the app. reviewers have reported...
Second, unlicensed preparers can be very expensive. The GAO study found fees for a relatively simple return ranged from $160 to $408, averaging $289. Many of my clients have paid much more for very simple returns; most fees exceed $300. I’ve seen some that are upwards of $800. Prepa...
If you are eligible for a refund, both TaxAct and H&R Block can have the IRS deposit the funds directly into yourbank accountor send a paper check via mail. However, if things get complicated with the IRS, H&R Block would be a better option because its audit defense add-on is more po...