2024 TurboTax Tutorial for Beginners | Complete Walk-Through | How To File Your Own Taxes

Welcome back to the 2023 tax filing season in 2024! It’s another year of getting those taxes done!
This video and my channel are NOT SPONSORED by TurboTax and I am NOT a tax specialist or certified--I'm just a fan of their software and use it to file my own taxes--everything shared is from learning on my own and through research.
Whether this is your first time, or you've done it before--everything you need to know is on this video, or in another one on my channel.
What's In This Video?
6:30 Entering Your Personal Info
9:35 Entering Income: Wages and Income
10:08 Entering a W2
13:07 W2, Box D
16:37 Investment Income
21:01 Deductions & Credits
26:10 Standard vs. Itemized Deduction
28:07 Underpayment Penalties
32:02 Finish and File (Copies of Your Return, E-File, and What's Next)
32:09 Paying w/ Your Refund vs. Paying with a Credit Card & Turbo Tax Fees
35:38 E-Filing & Early Filing w/ TurboTax
Important Resources
-------------------------------------------------------------
- TurboTax Website: turbotax.intuit.com/
- Turbotax Help: • Find Anything on Turbo...
- Turbotax Taxcaster (Know What You're Getting Back Now w/o Doing Taxes): • Know Your Refund $$$ N...
- Filing Property Taxes Using Turbotax: • File #Real Estate and ...
- File An Extension: • Get a Tax Extension NO...
- File and Amendment: • How to File an Amendme...
- What's New/Get Ready for Tax Season in 2024 for the 2023 Tax Season:
tinyurl.com/IRS-2024GetReady
- Important Deadlines: tinyurl.com/TurboTax-Deadlines
OR tinyurl.com/IRS-2024Deadlines
- What is a W2 form?: tinyurl.com/TurboTax-W2
OR tinyurl.com/IRS-FormW2
- What is a 1099 form: tinyurl.com/General-1099W2
- "Where's My Refund?" - Federal Income Tax: www.irs.gov/refunds
//
Hello there! My name is Becca and I'm here sharing everyday skills for everyday people. Not everything is "common sense", and we don't always want to ask questions about the things that come so easily to others. I gotchu! Here on this channel, we go through everything finance, career, and life hack related to give you the jump start you need for success in all areas of life.
Interested in More? Check these videos out:
1. 2024 Tax Deadlines: • 2024 Tax Deadlines You...
2. File a Tax #Extension : • How to File an Extensi...
3. File #Self-Employed Taxes as a #Business Owner: • How To #Easily File as...
4. File an Amendment w/ TurboTax: • How to File an Amendme...
5. File An Extension, Quick and Easy!: • EASY & QUICK: No FORMS...
Disclaimer: This video is not sponsored and all information is provided honestly of my own free will. Links within this description may be affiliate links.
#smallyoutuber #smallcreator

[@user_28373]

Oh my god I just wanna thank you from the bottom of my heart for making this. Thank you so much Becca! I’m 19 and I don’t know how to do taxes, I never received any sort of help from my family and parents for this. This was sometning I dreaded for for a long time as I had to learn everything alone and it seemed so terrifying and dreadful. Seeing a full worked up tutorial showing what to do eases my stress so much. Thank you so much and thank gosh KZbin exists.

[@everydaywithbecca]

Ha! A decade ago, I was lucky enough to have someone teaching me. Glad that we’ve got KZbin these days for every single thing we have questions about. Happy to help. Lastly, WOO-go you! Get your taxes done and out of the way. Cheering you on from the sidelines. 🎉🎉🎉😊

[@joshuajames3913]

Just a quick glance at this comment section before I watched the video and I LOVE that you respond to everyone. Amazing. I haven’t filed my taxes myself in many years. I think this is the year I start again. Thanks.

[@everydaywithbecca]

Aw, thanks! I sometimes miss people, but hope I get most of them. People are here because they need help, and I wouldn’t be much of a resource if I didn’t respond. Glad people are so interactive on here! Good luck with your taxes! Reach out with questions.

[@mikeveemadeit]

"Sit back, relax, grab some coffee, maybe something stronger..." Love you already.. hahaha.

[@everydaywithbecca]

Ha! Thank you, and thanks for your support.

[@velikayim2182]

Just got done with my tax return in 25 minutes, thanks to you!!!

[@everydaywithbecca]

You’re amazing! Glad I could help. Hope the season goes smoothly for you!

[@miguelvillarba4144]

First time doing my taxes all by myself and this was really straightforward and helpful. Thank you!!

[@everydaywithbecca]

Glad tit was helpful! Good for you! Best of luck this season. Reach out if you need help!

[@user-wu5le3to4s]

Thanks for you post it's very helpful for an older person to fill for the first time.

[@everydaywithbecca]

Glad it was helpful! Good luck this filing season! Comment or email me if you need more help!

[@arjuna6197]

Thank you so much I just turned 19 and I’m very independent when it comes to these things and you really helped me out with this I feel so much more comfortable with this and I get anxiety thinking about doing this every year but I feel more eased with you explaining it thank you so much !!

[@everydaywithbecca]

So glad to hear it! Look at you being responsible! Happy to help. Reach out with any questions and best of luck to you this season!

[@jonathanmarquez1110]

How much money did you make back ?

[@jessica662]

thank you some much becca! this is my first time doing my own taxes and this video made it helpful, fast, and easy! 👏🏻

[@everydaywithbecca]

So glad to hear it, Jessica! I hope that this tax season goes well for you. Reach out if you need any more help.

[@Ltmotley]

Thank you so much for the best tutorial on YT! You provide a great overview with such expertise, knowledge, professionalism and humor. Love the gifs as well! Appreciate your attitude, personality and in general, the way you provide such useful and helpful info. in a friendly manner. The outstanding videos you post are very much appreciated!

[@everydaywithbecca]

You’re so sweet! Thank you for your encouragement and feedback. I appreciate your words. Love knowing that I’m helping someone out there! Good luck to you this season! Reach out if you need anything.

[@tonybenson9735]

Thanks Becca….your video was very helpful

[@everydaywithbecca]

Good! I’m so glad to hear. Thanks for sharing!

[@lifeismagical3123]

I subscribed because you really help people. Very caring.

[@everydaywithbecca]

Thank you! You’re too kind. Appreciate that.

[@mortazarahmani5505]

Thank you so much for your explanition and helping me, I love your confident. I also I enjoyed watching your video thank you ssooooooooooooooooooooooooooo MUCH

[@everydaywithbecca]

You’re so nice! Thanks for your feedback and for leaving encouraging words. Appreciate you!

[@tw8725]

Thank you Becca! I just want to make an update on the 5:19 "Review and Sign" slide. TurboTax is now requiring users to sign their names before continuing to the next step.

[@everydaywithbecca]

Thanks for the update. TurboTax is always updating the way they do things. Good to know!

[@LibreDeudas]

Thank you! 🙏🏼

[@everydaywithbecca]

You’re welcome! Reach out if you need any help!

[@mikepowell7938]

Your the best 👏🏾👏🏾👏🏾

[@everydaywithbecca]

Thanks! Appreciate your support!

[@relaxationmusic7094]

Thank you for your efforts!

[@everydaywithbecca]

You’re welcome! Thanks for tuning in! Good luck to you!

[@arturolopez9898]

¡Muchas gracias 🙏! Very very helpful.

[@everydaywithbecca]

Glad to hear it!

[@tanyamarie3493]

Nice!! Thank you!

[@everydaywithbecca]

You’re welcome!

[@julpv]

This video is great! I've watched since last year on how to file my own taxes. I recently got married and am wondering what the best options are. Filing jointly or separately. Would love to see a video on the differences and benefits of both! Great video!

[@everydaywithbecca]

I don’t have one as of now, but did find this great resource for you! Maybe I’ll make one this year. Thanks for the feedback and for coming back! turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/amp/L7gyjnqyM

[@ericscottstevens]

Great info ! Sick and tired of low federal refunds and spending $$$ on someone to fill out my forms. Losing money because of preparer fees plus she is retiring soon and I have made the decision to start doing this for myself.......finally. Plus a co worker said she uses TurboTax so I am diving in and seeing what I can do this month.

[@everydaywithbecca]

Congrats to you for making the jump! Good luck and reach out with questions! (Those fees definitely add up!)

[@kemisthekid8782]

thank you for this useful video. 🏆

[@everydaywithbecca]

Thanks for your feedback!

[@elvinpena6273]

Thanks!

[@everydaywithbecca]

Wow! You’re officially my first super thanks. I’m so grateful-thank you from my whole heart! 💛😊

[@mr559]

Thanks for the help!!!

[@everydaywithbecca]

Thanks for your support and for watching! Good luck this season!

[@user-pb7hn1xl5d]

This Video helped me so much!!! Do you happen to have a similar video for someone with dependents?

[@everydaywithbecca]

I don’t for TurboTax, but to add dependents, just use the search bar and type in “dependents”. It’ll let you “jump to” dependents and add your dependents and then bring you through corresponding screens thereafter.

[@TraciMann]

Yay!!!! Thank you ❤

[@everydaywithbecca]

Have a good tax season!

[@cyntovar]

Can you show us a quick video when you have children/dependents? Im not sure if I didnt catch it on your video. Thanks 👍

[@everydaywithbecca]

I don’t show you in this video and don’t have one right now, but if you use the search bar on TurboTax when you’re logged in, and type in “dependents”, you’re able to add them there. Individual information on each and a few answers to questions about their living situation. Or, if you prefer you can go to “my info” and it’ll take you to your basic info and the option to add dependents. At the beginning of this video, on the Home Screen where I put in my info, I don’t click the “I have dependents” button. When you’re starting, make sure that you do click that so that TurboTax will allow you to add them in.

[@user-lw2lu2lg1f]

Thank you for this tutorial. This is the first year in some time that I am doing my own taxes and I have found your approach empowering. At what point could you have avoided going to the Deluxe package? Also, do I need download my tax forms from last year in this year's filing? Thanks!

[@everydaywithbecca]

At a certain point, you may not be able to avoid upgrading. For example, if you have investment gains, this would require an upgrade and be required to be reported since its income. However, if you have a simple filing and don’t want to input other deductions that would require an upgrade (non-cash donations/cash donations to a charity) that would technically help you, you could choose to not include these to avoid an upgrade, knowing that they may help you in terms of deductions. That sounds complicated-TurboTax, actually offers a quick check for you to use to see how much you’re estimated to pay in costs. Check it out here before filing and see if TurboTax is an option you want to explore: turbotax.intuit.com/personal-taxes/compare/online/ Also, check out my video regarding tax services this year. You might find a better fit in that list. Video is here: kzbin.info/www/bejne/p5yvZKWJnMyYjM0si=G62JgKdeuiVWnjFS

[@everydaywithbecca]

Thanks for tuning in, by the way! Appreciate your support and feedback!

[@maryguzmanmuro4384]

What are your thoughts on using the online version vs the digital download/CD? Any benefits or downfalls?

[@everydaywithbecca]

I haven’t used the cd version since I was 16. My parents really likes using the cd because they didn’t trust the online system to keep their information secure. I prefer the online version in general but I also like to have easy access to my things all the time and only file one return from my family. The online version only allows you to file one federal return per account. If you are helping a family member file their return, they will have to make their own account. The CD allows you to file multiple returns. Here’s a full comparison: ttlc.intuit.com/community/taxes/discussion/what-are-the-differences-between-turbotax-online-and-turbotax-desktop/00/723206/amp

[@galato4234]

Thank you for this video, Becca. What do you think about the download that Turbotax offers?

[@everydaywithbecca]

Which download are you talking about? The download of your returns/copies, or another download?

[@mortazarahmani5505]

Right now to be honset, I feel better about taxs becuase of youuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu Becca Lee

[@everydaywithbecca]

Reach out with anything you need this season! Good luck! Thank you!

[@tishabritt]

My school issued us incorrectly an 1099NEC for an education stipend (cost of living). We were only interns and we were not contractors nor independent. Where do I input this total correctly. Its taxable ince as they did not take any taxes out. Im not filing the amount as an 1099NEC.

[@everydaywithbecca]

If you haven’t filed yet, Search for 1099NEC and enter it. If you’ve already filed, you’ll need to amend your return and enter in the new one and the same way.

[@jeanwolf6169]

Hi becca..it is mandatory to put an IP pin?if i don't put the IP pin. do you think irs can reject my tax return.

[@everydaywithbecca]

An IP Pin is not necessary- it’s either requested from the IRS by people, or the IRS issues it if you are a victim of identity theft. If you don’t have one, you can continue without.

[@BUY_YOUTUB_VIEWS.80]

Another incredible video that left me inspired. ✨

[@everydaywithbecca]

Thank you!

[@vincentleegraham358]

Wow I loved this video!!!! Should I do my taxes rn since if the bill passes or not it’ll be retroactive?

[@everydaywithbecca]

I would look at the bill to see if you’d be someone who qualifies. It has a lot to do with income levels, and if you believe it would affect you, then I’d wait. To be safe, you can wait altogether, as it could still change in general. If you end up filing up early and have to amend, I do have a video on amending. Check that out or send me an email if you need more help in the future. Best of luck to you this season!

[@vincentleegraham358]

@@everydaywithbecca okay thank you! What’s your email I have a couple of questions lol sorry😭

[@everydaywithbecca]

[e-mail] No problem! Talk soon.

[@jonathancoleman6482]

Thank you so much

[@everydaywithbecca]

You’re welcome! Thanks for tuning in’

[@jamesbedolla1829]

Very helpful video, this is my first time filing my taxes and I need help figuring out if I should file my social security pension that my father left me when he passed. It would appreciate it a lot.

[@everydaywithbecca]

It depends on the benefits and your total income. IRS website: www.irs.gov/faqs/social-security-income/survivors-benefits/survivors-benefits Investopedia makes it a little easier to understand: www.investopedia.com/ask/answers/102814/are-social-security-survivor-benefits-children-considered-taxable-income.asp#:~:text=If%20survivor%20benefits%20are%20the,are%20not%20responsible%20for%20taxes. You should receive a 1099 from social security and use this for reporting. Send me any other questions!

[@jrodas28]

Hi there. First, thank you very much for your video. Second, on form 1040, I have been carrying an amount on 5a and for 2023 in 5b will be $2,909. How I can fill it?

[@everydaywithbecca]

Can you clarify what you mean by “carrying”? Did you receive pension and annuity payments during 2023, or do you have them from previous years? If you received a 1099 for your pension payments received, then you’d enter that into TurboTax. TurboTax will then put it into 5a and 5b. Some links that might help: ttlc.intuit.com/community/taxes/discussion/irs-pub-17-says-that-pensions-and-annuities-should-be-entered-on-1040-sr-lines-5a-and-5b-on-my/00/1910710/amp www.irs.gov/e-file-providers/line-by-line-instructions-free-file-fillable-forms#:~:text=Line%205a%20is%20a%20manual,the%20right%20column%20(5b). www.thebalancemoney.com/pensions-and-annuities-3193176

[@mohammeduddin2117]

At the end, this software let me do print as a hard copy, if I do efile?

[@everydaywithbecca]

Yes! You’ll be able to print a copy or save it as a PDF. you can also always go back into your account and save/print it in the future if you lose that copy ever.

[@bolagerges8352]

Thank you so much for the great tutorial, and please I will try doing by myself this year for first time. So, I am married having two kids. Is it better to file joint married or married filling separate? Us there is difference between turbotax online website and the software version?

[@everydaywithbecca]

It depends on your financial situation. Then it’s breaks it down here: turbotax.intuit.com/tax-tips/marriage/should-you-and-your-spouse-file-taxes-jointly-or-separately/L7gyjnqyM You can filing either way, but only one of you can claim the kids-each kid can only be claimed once. TurboTax online requires that you pay (unless you have a simple return that’s free) per federal and state filing. The desktop version only requires you to pay once for up to 5 federal filings, and then any fees for your state filing. The real difference comes down to having your information online with their online version, versus having it stored on your computer with the desktop version. Some people feel more secure without putting their info on tuebotax’s online servers. Some people also have to filing more than one and so they prefer to just get the desktop one instead of making a new account for each filing online (if you need one, if your wife files separately, and if your kids are old enough to be working and need to file as well). Send me more questions that you have!

[@cathleen.c4764]

Thank you And I have a question is Turbo tax said I missing “province” Do you know what’s that meaning?

[@everydaywithbecca]

Are you using the Canadian one? If you’re in Canada, or selected to file taxes for Canada, it’ll ask you for a province. If you’re in the US, then double check to make sure you didn’t put down Canada.

[@mariar5265]

thank you

[@everydaywithbecca]

You’re welcome! 💛 Good luck this season!

[@Ashahnaz109]

Hi thanks a lot for showing us how to file one's own taxes. I did my own this year. I have a question. How to modify or add 1098 info after I already filed? My younger sister took professional help this year but did not add 1098 info. I don't know whether the professional used TurboTax for filing. I would appreciate any guidance. and also does it need to be done before the due date?

[@everydaywithbecca]

In order to add a 1098 to a filing that has already been submitted, you would have to file an amendment. The easiest way would be to find out what program she did use, and if it is a program program, she can access like H&R Block or TurboTax, then to submit an amendment through that software. Another option would be asking that professional that helped her do her taxes to submit an amendment on her behalf. Worst case scenario, you would have to either manually fill out the amended tax return form (1040-x), or re-create her tax filing through one of those software, selecting “mail in” when it comes to the transmit screen, and then creating an amendment from that filing created on the software. This last option would require you to select “mail in” because you really really only want to create the filing in the system that does not have that filing yet. Because she has already submitted it to the IRS, you would not want to electronically submit the same return. Once the return is created in the software, you can use that duplicate “fake” filing document to create an amended return.

[@user-lw2lu2lg1f]

When do I enter my property tax? Does Turbotax bring it up in the filing when I chose the category "Own a Home" in "Tell us a bit about you" section? Thanks Becca!

[@everydaywithbecca]

You can easily search for 1098, or search for “property tax”. More info here: ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/enter-real-estate-property-taxes-turbotax-online/L2bHCVCh7_US_en_US

[@user-lw2lu2lg1f]

Great! Thank you, Becca!@@everydaywithbecca

[@tanyayeang3159]

Can you show a video on how to do the 1099-MISC for the tax rebate we received?

[@everydaywithbecca]

I don’t believe I have this on the schedule right now to create, but If you use the search bar in TurboTax to search “1099” or “1099-misc”, and then click “jump to”, it should take you right to that place in TurboTax where you can enter that info. You’ll literally just make sure that you enter everything to match your form.

[@lilscottpt1089]

Hey I have a question do I click on I want to maximize deductions & credit cause I have my w2 & my unemployment paperwork?

[@everydaywithbecca]

Yes. It’s just a way for turboTax to expand your options. You might get a few questions asking about what else you have after you click on that. If you ever don’t want to upgrade or pay more for clicking on certain things after that, then you don’t have to.

[@lilscottpt1089]

@@everydaywithbecca ok thank you so much I appreciate it 💯

[@TreRiot]

Ok so i haven't filed my taxes and ive been working since 2015 is there a way to find and do all of those

[@everydaywithbecca]

Yes! TurboTax allows you to backfile taxes, but you may end up paying late penalty fees to the IRS if you owed taxes for any of those years. In the flip side, you could also collect refunds for previous years as well. Here’s more info from TurboTax : turbotax.intuit.com/tax-tips/irs-tax-return/how-do-i-file-back-tax-returns/amp/L535BxMms

[@Tootsie806]

Too late for me this year, but after paying $150. For a simple tax return, I’ll give it a try next year.

[@everydaywithbecca]

Take a look at cash app taxes too if you’re located in the United States. I filed my own taxes for free using cash app taxes this year. Great option for someone who has used in online system before and knows how to navigate their taxes.

[@aksaniamorris3042]

This was sooo helpful. I got to the end and saw my returns and was about to file but I couldnt cause I had to pay😂😂-. I was apparrently using the deluxe version. Gonna do it over again using the free version because my whole point of learning to do it was to not pay for it to be done. Hope there is a free version. Thank you sooooo much. Also, I didnt see a part where they asked for bank account information to refund the money. Is that done after filing or what?

[@everydaywithbecca]

So glad it was helpful! Thanks for your feedback! Congrats on doing it on your own, too!!! There is a free version, but, depending on what you are trying to claim, and the types of assets that you have, you may not be able to do it for free. Usually the free version is for people with very basic tax returns. You can go to this link and scroll to the bottom. It will tell you what qualifies for free filings and what would require an upgrade to a paid version: turbotax.intuit.com/lp/ppc/2958?srqs=null&cid=ppc_gg_b_stan_all_na_Brand-BrandTT-BrandTTFree-Exact_ty23-bu2-sb8_683555754655_142950093519_kwd-354495957291&srid=Cj0KCQiAqsitBhDlARIsAGMR1Rgydrz7SlLyhs-JVdGi5oWQCXb_Gl80Fx7oWTC5lrNDuRp9D6DyRigaAvLUEALw_wcB&targetid=kwd-354495957291&skw=file%20for%20free%20turbotax&adid=683555754655&ven=gg&gad_source=1&gbraid=0AAAAADkGAVmbtg1RJNGKAzZUj1PQ4NCny&gclid=Cj0KCQiAqsitBhDlARIsAGMR1Rgydrz7SlLyhs-JVdGi5oWQCXb_Gl80Fx7oWTC5lrNDuRp9D6DyRigaAvLUEALw_wcB&gclsrc=aw.ds As for the bank account information- that actually comes after you pay for the return. Also, it only happens if you get a refund from the IRS. In other words, if you are getting a refund and you have already paid for TurboTax fees, or qualify for the free version of TurboTax, then you will be taken to the refund options to route your refund to your bank account. Reach out if you need more help !

[@aksaniamorris3042]

@@everydaywithbecca You must be an angel! Thank you🙏

[@aksaniamorris3042]

Had to come back and thank you. Followed your steps and advices and my tax got accepted so my returns are on the way. Thank you soooo much. Can’t believe people are paying $120 usd and more for people to do this for them. You are a gem!

[@everydaywithbecca]

@@aksaniamorris3042 look at you! That’s amazing! Congrats on getting that done. Glad I could help. Let me know if you need anything else. 😊

[@vanessaf714]

Is your 401k automatically included when adding your W-2 info or is that part of the IRA section?

[@everydaywithbecca]

It should be listed in section 12 of your w2 if you are contributing through work. If you contributed to that same account or a different one your own and not through work, then you should list those contributions in the IRA section.

[@chaoticstylez]

I have always used a tax preparer but its been getting more & more expensive. Would you recommend TurboTax for someone with multiple rental properties?

[@everydaywithbecca]

If you keep good records, it’s a good option for you to report that income. I can get complex, so if you don’t know how to do your taxes, or don’t have time to come, then it may not be a good option. It really depends on you, your ability to learn a little bit of technology, and the kind of records you keep for all of your mental properties. Also, it may be good to consider how much you paid for a tax repair versus what you would pay for TurboTax.

[@devinstracener1215]

On my form box’s 7,8,10,11 have 0.00 in them. Do I leave that blank?

[@everydaywithbecca]

Yes, just leave them blank.

[@elsadecegama674]

Hello, Becca, thanks for this video. When submitting tax documents is it okay the documents I upload are pictures of the documents made with my smartphone and turned into a pdf? Is it possible those documents would be rejected? My Social Security award letter would have to be uploaded like that

[@everydaywithbecca]

I’ve done this before and it has worked just fine. As long as it’s a clear picture, you should be good.

[@mickeysjoy]

Hi Becca, I do my own filing on Turbo tax. This year, I am in Thailand until late April. I have tried to log into my account and for my second verification, they always want to text my US SIM card, but this is not an option with my Thai number, which I tried to substitute. There is nothing on their website at all about using a difffent method, like email, to get my login approved...and there is no Chat help. Has this been a question previously for you?? I appreciate any info you can provide. Thx in advance

[@everydaywithbecca]

Looks like you can verify in other ways. More info here: ttlc.intuit.com/turbotax-support/en-us/help-article/security-risk/account-recovery-request-turbotax-account/L3GhqZLVE_US_en_US It looks like you can use the recovery account form to submit identification showing that it is your account. I hope this helps. Let me know what happens.

[@jacobhines83jhjh69]

Thank u so very much very informative video is there a line where I put my 6 digit security pin #?

[@everydaywithbecca]

This should be under the personal information section. If it doesn’t come up, you can use the search bar to look for “IP pin” “jump to” that section.

[@jacobhines83jhjh69]

@everydaywithbecca thanks Becca I appreciate it 😃

[@everydaywithbecca]

@@jacobhines83jhjh69 hope it worked well!

[@w746deli6]

Hi I’m definitely going to need your help. I’m just waiting for one more piece of paper of information and I should have it all together. Is it OK if I reach out to you?

[@everydaywithbecca]

Yes! Go ahead and email me.

[@miragexl007]

turbo tax for Years..like over 10 easy. And have enjoyed it. But considering going to Tax person to check things, namely us Paying Some Tuition this past year. Only thing that's changed, our income going up and paying like 10-15000 in tuition on 2 kids. Wondered if that would make a difference based on what we make...And that we take the Standard Deduction (which went way up a couple years ago and far out topped our deductions...made it Much easier!)

[@everydaywithbecca]

It’s definitely good to consider a professional if there has been so many changes in your life. I’d also recommend just doing a search online yourself of different credits you could claim. Right off the top of my head, make sure you’ve got the lifetime learning credit”, which lets you claim up to 2k of tuition and books/materials. Also, you may qualify for the student loan interest deduction. Good luck this year! Let me know how it goes.

[@g.t.richardson6311]

I have for 20 years easy, had three kids go,thru college Turbo tax is pretty good walking you thru the education credits Depending on your income of course, the first 4 years you can get 2500 credit for each student based on the tuition you paid,,, that being said there are income limitation phase outs, and if you used a 529 or ESA withdrawal for part of it

[@everydaywithbecca]

@@g.t.richardson6311 Agreed! They do a good job of helping us out. Glad that it's worked so well for you and you've come this far with it! Love hearing this feedback.

[@cindyc6414]

Hello, I need some help. I live in Illinois and work in MO. Last year I worked in the office 3 days a week and worked from home 2 days per week. This year on my MO state tax there's a field to enter Remote work amount. How do I calculate that amount?

[@everydaywithbecca]

I’d suggest you ask your workplace to issue an itemized statement of some sort showing your pay for in-office office hours vs. those remote hours. MO would be taxing the hours worked in office. Here’s a site that follows a forum regarding MO and remote work: ttlc.intuit.com/community/state-taxes/discussion/remote-worker-non-resident-tax-question/00/3178640#:~:text=If%20you%20were%20a%20full,file%20an%20MO%20tax%20return. It’s not exactly your situation, but it doesn’t mention MO can’t tax for hours someone works not in-state.

[@tiffanywelchhomesteadnmama5524]

For the portion that asks about did you have any expenses as a teacher, does homeschool teaching count? I have curriculum, supplies, ID cards, travel, ect. Thanks :)

[@everydaywithbecca]

Did some digging-it looks like homeschooling isn’t categorized as an educator expense. Depending on your state, you may be able to file for other deductions regarding homeschooling. More info here-scroll through it for the links to the qualifying states that have credits you can look into: ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-claim-teacher-expenses-for-homeschooling-my-elementary-student/00/511381/amp

[@dexplorer3176]

Hi I last yr was my first tax filing and printed those paper and sent to CRA Canada. For my second tax filing now Do I need to print the tax file and send to CRA or I can just live it that way online? Please help

[@everydaywithbecca]

It depends on what yours require. At the end of it, TurboTax will inform you what the next steps are. If you’re able to file online and transmit it electronically, you’re good to go. If TurboTax tells you that you need to mail it in, then follow the instructions and send it to the right place.

[@emilysolis798]

Hi Becca! If I live at home with my parents (not a homeowner), do I click “I paid rent”?

[@everydaywithbecca]

If you paid rent, then yes. You will need proof of rent paid though. If you didn’t pay rent, then no. Also, make sure that they aren’t claiming you as a dependent. If they claim you, then you have to mark down that you are claimed as a dependent.

[@roadstar499]

Question is this all done on turbo tax website? Also in 2023 my only income was from uber food delivery...ps i never filed my own taxes before...thanks

[@everydaywithbecca]

My whole tutorial is done on the TurboTax website. Some people prefer to buy the software and do it on their home computer. Even if you do it this way, the steps are very similar. If you are filing as a single person, you would have to make at least $13,850 in 2023 to be required to file taxes. If you did not make this much, you are not required to file. Or, if you are filing under a different filing status, then there are other gross income requirements. Let’s meet this girl in income and are required to file- at this point, you would use the 1099 - K that you receive from Uber to report your income. To find it in TurboTax online, just use the search bar and type in 1099 - K. You should be able to “jump “to that area and start filling out your information.

[@x3AnnyLinh]

Has turbo tax ever told you to enter your foreign source amount when it checks for errors? It's supposedly in the 1099 but I'd only find a percentage and the form says I paid 0 on foreign taxes. Where do I find it?

[@everydaywithbecca]

I’ve never had this come up for my own filings. I did find an answer for you though. Check this link out: ttlc.intuit.com/community/tax-credits-deductions/discussion/what-does-foreign-source-amount-must-be-entered-mean-where-do-i-find-this-number/00/592666/amp

[@aizamarieeyy4903]

how do i edit the deductions and credits if the payment has been submitted already?

[@everydaywithbecca]

What payment? Did you already submit the return and get a refund? If so, you’ll need to hold onto that payment and submit an amendment. If you owe money, you should use the refund to pay the irs back, if you are still getting a refund, the irs will send you the difference that you are supposed to get.

[@tinatalbot3430]

Hi, I have used free turbo tax in Canada for a number of years. This year I have a couple of medical expenses and several transit monthly passes to claim and it wants me to upgrade to input that info. I do not know how...my mom gave me a key code for Standard version.

[@everydaywithbecca]

TurboTax is starting to charge more and more for upgrades- they require upgrades when you have slightly out of the ordinary exceptions. I’m guessing because these are extra things that you want to claim (which put more money in your pocket), then they are requiring you to upgrade. I’m guessing that you are using the online version? If TurboTax is requiring you to upgrade, and you would like to use a free option, I suggest trying some of these other free options: www.canada.ca/en/revenue-agency/services/e-services/digital-services-individuals/netfile-overview/certified-software-netfile-program.html If you scroll down a little bit, they show free options for you to use. They may not be like TurboTax, but at least they will be more cost-effective for you. Hope that this helps!

[@garymichael74]

I have two jobs do I need to put both information at the same time or do each job separately?

[@everydaywithbecca]

You need to list each W2 or 1099 that you received for your job separately.

[@angelabravo6767]

If we worked two jobs throughout the year, we would just add another w-2 when it gives us the option too? 16:13

[@everydaywithbecca]

Yes! You would do that.

[@user-bq5pl2np9s]

Dang.... All finished with Turbo Tax for 2023. I want to save and print my return in WORD. they are pushing PDF and to buy it....and I hate it. Any ideas??

[@everydaywithbecca]

Yes! I use Adobe Acrobat. Although the full version requires a subscription, the basic version is free and allows you to view and sign documents if needed. helpx.adobe.com/reader/get-started.html#:~:text=Acrobat%20Reader%20is%20free%20and,with%205GB%20of%20free%20storage. Glad you got it done! Happy for you!

[@sarwar.upwork5661]

love

[@everydaywithbecca]

Thanks!

[@andyf7107]

Hi Thanks for your video. i have a 18 yo son who has W2. I will claim him as dependent but where to put his w2?

[@everydaywithbecca]

Hi there! If your son has a W2, then he has to file his own taxes. The only income that you can claim as a parent is interest income and dividends. Because you are claiming him and he is your dependent, make sure that when he files his return, he marks down that someone else is claiming him, and he is dependent on them. If you want more detailed information, you can check out Turbotax’s link here: turbotax.intuit.com/tax-tips/family/should-i-include-a-dependents-income-on-my-tax-return/amp/L60Hf4Rsg Let me know if you have any other questions. Good luck this year!

[@angelabravo6767]

So if I’m 18 and is still living with my parents I’ll have to check “yes” for “Another taxpayer can claim me as dependent on their tax return”?

[@everydaywithbecca]

@@angelabravo6767 it depends. Do you pay rent? Do they cover most of your expenses? If they do, then yes, you would be claimed as a dependent. Also, check with them to see how they are claiming you. If they’re claiming you as a dependent, then you can’t claim that you’re not a dependent.

[@ragnarulrichson778]

Not sure who owns turbo tax but the annoying adds have convinced me to seek your direct competitor.

[@everydaywithbecca]

H&R Block? I’ve got a tutorial on that too. Either way, good luck this tax seaskn!

[@Trex505shorts]

​​@@everydaywithbeccalol good luck.. it is always a gamble doing taxes. You never know how much your gunna get back.

[@everydaywithbecca]

@@Trex505shorts to help my family out, I always check in whenever we have big changes, and I use the IRS’ W-4 estimator. Basically, this tool shows you how much you have already paid in taxes, and what your estimated taxes are going to be. Let’s say use do this in the middle of the year, and you see that you are going to beginning a large return back. If at this point, you need more money on a weekly basis from your paycheck, then you can lower your withholdings. If you do this and see that you are going to owe a lot and don’t want to pay that much when you file taxes, then you can increase your paycheck withholdings so that you’re paying a little bit every paycheck rather than one huge sum at the end, when you file your taxes in the new year. Here’s the link to their tax estimator: www.irs.gov/individuals/tax-withholding-estimator Obviously, a lot of things can change - new laws can be passed, but it can be a great way to see where you’re headed as tax season gets closer

[@user-je6gw3py8m]

​@@Trex505shortsshould b said tat how much u gonna owe irs

[@JustDisc]

@@Trex505shortsyeah, because the government has no idea wtf to give back. Ever notice how almost everyone owes money last year? Maybe it all had to do with Covid and all the money they had to fork out 🤔…

[@jamalalwawi7615]

What is the best and easiest tax software I can use as I am first time doing this

[@everydaywithbecca]

I’ve always opted for TurboTax, but everyone has their own preference. H&R Block, TurboTax, and tax slayer are pretty similar in their platform and ease.

[@MegaMark67]

I have marketplace insurance how do I enter the tax credits using turbo tax?

[@everydaywithbecca]

You can look up “PTC “on the search section of TurboTax. Or you can look up form 8962. Once you do this, you can click “jump to “and it should bring you to the right spot. More in here: turbotax.intuit.com/tax-tips/health-care/what-is-the-premium-tax-credit/amp/L6gAHB5ld

[@yellowscorpion100]

16:24 For the investment income, does credit card interest count?

[@everydaywithbecca]

Credit card interest is something you pay, not income. Do you mean bank or CD interest? If so, you would get a 1099-INT, and that would be in “other income”.

[@chuksajuwa9304]

How are you going to retrieve your past tax info if you filed with another agency the previous year?

[@everydaywithbecca]

You aren’t able to pull old info, but you can upload your information by dropping the file into their “easy fill” option. If you filed somewhere else, you’ll have to go to that company and retrieve last years copy or look at a hard copy if you have one.

[@chuksajuwa9304]

Thank you.

[@vickyh414]

do i get more of a refund if i have receipts for things i had to purchase for work?

[@everydaywithbecca]

You can get deductions for work expenses, but this does not necessarily mean you will get more back. In many cases, you will though. This affects small business owners, and self-employed individuals, the most. Here is more information for you: www.cnet.com/personal-finance/here-are-the-work-expenses-you-can-deduct-on-your-tax-return-this-year/

[@JavieraAraya-ub3gw]

HI! How can I do the return if I´m not in canada anymore and I´m non resident?

[@everydaywithbecca]

If you made a taxable income in Canada, then you would go through SprintTax. More info from TurboTax here: ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/turbotax-handle-form-1040-nr-nonresident-aliens/L6XqFCkC3_US_en_US If you didn’t make money in Canada, or the US, know that TurboTax is made for residents of Canada in the US. to find other providers that offer tax support in other nations, I would search online resources for your specific home nation.

[@onkargoraya3025]

Hi we are five family members 3 children and mom dad we three children a dependent but we didnt get tax return how to check and fill the tax again by turbo

[@everydaywithbecca]

Did you prepare a tax return last year? Just because you have dependents, and a family does not mean that you will get a refund. Depending on how you pay taxes on each of your paychecks, you could actually owe money. if you’re confused at all, you should check out my W-4 video for more help on making sure that your taxes are lined up during the year so that you get a refund or pay a minimum amount.

[@SDChillRide]

Does filling jointly would automatically be a deluxe upgrade?

[@everydaywithbecca]

It shouldn’t. An upgrade will be from having other tax situations like maximizing deductions and donating to charity.

[@phelanl2012]

hi, i am filing with turbotax for the first time. I am wondering how i can file for medical expenses such as IVF.

[@everydaywithbecca]

Here’s more info from TurboTax: turbotax.intuit.com/tax-tips/health-care/can-i-claim-medical-expenses-on-my-taxes/amp/L1htkVqq9 From what this says, only medically necessary treatments and costs are deductible.

[@dlo1682]

What if I didn’t file my taxes last year and I want to file this year is there anything that I do different?

[@everydaywithbecca]

Nope. You’ll just select “I didn’t file last year” on the beginning and start fresh this year.

[@darkchroniclez193]

what section do i report any gambling winning?!?!? about 2k in winnings and it was not out of state please and thank you!

[@everydaywithbecca]

It will be listed in income, “other income”. You’ll use the form w-2g that you got from the casino/vendor and import that information. If you didn’t receive that form, you can still list it under the same section. More info here: blog.turbotax.intuit.com/income-and-investments/heres-how-gambling-on-college-and-professional-sports-affects-your-taxes-42523/

[@paolagregus709]

The part about at minute 5.35 with "review and sign" - I don't have an option to skip it. However, I want to know what it is really asking for - because I understand it needs my consent to do the work of preparing and submitting my taxes, but the fact that I can deny it makes me wondering what it's truly asking. I'm under the impression that it's not just a place to save the work done on my return. Would love your thoughts on this, thanks!

[@everydaywithbecca]

Did some digging-TurboTax is asking for your permission to collect your data and share it with the IRS as a vendor/party on your behalf. In the event that you don’t finish your return, it’s asking if you allow them to keep this info on file in the interim prior to filing. It’s my understanding that they need this permission in order to store your data and eventually file your return.

[@tarynbelcourt6049]

Can you show a video if you opened a new business in 2023, only poured money into it, just started taking clients ☺️

[@everydaywithbecca]

I don’t have a video on this topic and I don’t believe I will be making one this year. For now, here is some help: If you haven’t made any money yet in 2023 from your new business, then there is no income to claim. The only way you would have in income to claim is if you got any kind of interest from your bank account for that business. The only thing that I would urge you to do is claim any business expenses that qualify as deductions. If you use the search bar and search for “schedule, C “ then click “jump to schedule C “, TurboTax will bring you to where you can input, your self-employed, business, income and expenses. Income comes first and then expenses. You’ll be able to either import expenses from a bank account or you can do them individually.

[@RachelMichelle-bk5be]

Where do I put in my ipp on the free version? Please help

[@everydaywithbecca]

If you’re referring to an individual pension plan, use the search bar to search for “pension plan” and then enter in the information you got from your pension company.

[@patquinn4902]

Really appreciate the video Becca. I do have a suggestion. I don't really think you can slow your rate of speaking because you mentioned you were aware of it and were trying to slow down but didn't or couldn't. I think you're just wired to talk fast. . But I found if I go to settings on KZbin and change the audio speed to .75 it's a perfect speed. You may want to suggest it to your viewers. I was getting a headache trying to process all this new info at real speed but the change to settings did the trick.

[@everydaywithbecca]

Ha! 💀💀💀 I’m laughing because I’ve never thought of that before. Looove the perspective and idea. Thank you! Appreciate you!

[@adanhusane8852]

So i can basicly do my own accurate quote? Like i can go to a tax prep and do this to see where i can maximize my return ?

[@everydaywithbecca]

I actually have a video on using the TurboTax tax calculator. It is an even shorter version of the TurboTax filing. You only put in very basic information to see what you might owe or get back. If you don’t want to put in all information and make an account on TurboTax, you can use his calculator to estimate how much you will get back or have to pay before you go to a tax preparer: turbotax.intuit.com/tax-tools/calculators/taxcaster/ If you get confused on the website, search for my video to see how to walk through it.

[@everydaywithbecca]

You can use this tool to see if it’s worth filing on your own or going to a tax preparer and if they are worth it.

[@Lily-se2op]

Your show got me into TurboTax. I try to buy a CD software but just realize that my desktop has no CD connection. Is there any other way to download the CD to my desktop, which I prefer to start trying TurboTax? Pls kindly advise, thanks! Lily

[@everydaywithbecca]

If you already bought the cd, you can get a cd adapter for your computer, or return the cd (not sure if that is possible), and use the online version. The online version requires payment per filing.

[@Lily-se2op]

Thank you so much!

[@everydaywithbecca]

@@Lily-se2op you’re welcome!

[@user-er2iq5xd9y]

Hello? This is my first time in filing tax, can I file my plane ticket from Philippines to Honolulu?

[@everydaywithbecca]

Was that a work expense that was not reimbursed by your company? If so, yes-it may qualify for state taxes and give you a deduction, but it may not do anything for federal unless you’re self-employed and it was a work cost.

[@johnj5556]

How do I file multiple W-2s? I have more than one Job.

[@everydaywithbecca]

Just click on “add w2”; you can add as many as you need for the same person or for those filing together in one household.

[@carolownbey851]

How do I file without paying the taxes at the same time. I can pay in a few weeks but not by the 15th

[@everydaywithbecca]

You’ll choose “pay by check”, and then use the IRS website to set up a payment plan.

[@quintonevans1513]

How can I add in my w2's from 2022 which I never filed yet

[@everydaywithbecca]

You’ll have to go and file your 2022 taxes separately. You should be able to select this option from the home screen by looking “other years”. More info here: turbotax.intuit.com/lp/amp/ppc/4976?srqs=null&cid=ppc_gg_b_stan_all_na_Brand-BrandTT-BrandTTPY-Exact_ty23-bu2-sb110_675290300870_142950097679_kwd-1422759718705&srid=CjwKCAiAuNGuBhAkEiwAGId4arq3WXZLlS6v2QC1sQJ2sCnXsWBm5iImVP2iIIVMCewYCcJ9UNWZzxoC0HMQAvD_BwE&targetid=kwd-1422759718705&skw=turbotax%202022&adid=675290300870&ven=gg&gad_source=1&gbraid=0AAAAADkGAVlBnnvknB_a4DYeV_8iKR1nY&gclid=CjwKCAiAuNGuBhAkEiwAGId4arq3WXZLlS6v2QC1sQJ2sCnXsWBm5iImVP2iIIVMCewYCcJ9UNWZzxoC0HMQAvD_BwE&gclsrc=aw.ds

[@Alikssknn]

PLASE HELP ME. HOW CAN I GET MY TAX AS A DIRECT DEPOSIT. I have tried eventing but I could be able to find the direct deposit option? Plase help me!!!!!

[@everydaywithbecca]

What options are given on the end screen? If you are getting a refund, you should be allowed to choose direct deposit.

[@artlivz]

I have done turbo tax for many years and there has always been a little calculator for the federal and state return amounts (usually near the top) to help keep me updated on how everything that I am imputing affects my return. I can’t for the life of me get that to pop up. Is it gone? Do you know how I can locate the calculator? It was so handy to have and helped me understand how everything that I input was impacting my tax numbers.

[@everydaywithbecca]

There should still be one. When I went through this tutorial, it’s on the top left.

[@artlivz]

Yes, I saw it on your screen. I still can’t figure out how to make it appear on my screen. I have tried so many things. I’m wondering if maybe using my iMac is causing issues or maybe my slow internet isn’t allowing the page to fully load. Idk what the problem is, but I can’t get that feature to appear on my screen. I am well into inputting my deductions/credits, so there should be enough info for it to pop up. (Also, a huge thank you for replying to me on this😊)!

[@Lidia.figueroa]

How do I file a w2 from 2022 that wasn’t ever filed ?

[@everydaywithbecca]

You’ll have to amend your 2022 taxes. If you used TurboTax, you’ll have to log in and amend your taxes. If not, you can still use TurboTax but you’ll have to recreate your taxes and then file an amendment. Reach out if you need more help! --> [e-mail]

[@ilovecocktails5094]

If i sale on amazon, i must put the information on my taxes ?

[@everydaywithbecca]

Amazon should issue you a a 1099 that will report your income if you received more than $600. More info here: affiliate-program.amazon.com/help/node/topic/GW3SWP5L5WL5G9HY If you’re still confused, here’s another good link to review: quickbooks.intuit.com/r/running-a-business/amazon-seller-tax/#

[@trovonteblackmon1173]

What if they’re asking for a 1095 a but you don’t have that insurance

[@everydaywithbecca]

Then you’d state that you don’t have insurance. There may be a penalty that you have to pay depending on your situation.

[@MoonChild-1994]

It only showed where to pay turbo tax for filing. How can you also pay the federal tax owed?

[@everydaywithbecca]

That’s in a later screen. You input the payment info for TurboTax and then they’ll ask you afterwards how you want to pay for your taxes. Did you move on to the next screen and see that?

[@MoonChild-1994]

No because they wanted me to submit a payment for their "free"tax filing first. I thought they were going to just take that payment for their services and then dip lol.@@everydaywithbecca

[@robynhood3822]

I can not figure out how to add my ar1000ec with turbotax

[@everydaywithbecca]

I don’t have personal experience with this, but here’s what I found: support.taxslayer.com/hc/en-us/articles/360015704872-Arkansas-Child-Care-Credit

[@R-Mc]

Where do you put your direct deposit information at

[@everydaywithbecca]

It will be at the end when you’re ready to pay/set up your refund method (if you’re getting a refund).

[@cyndimoring9389]

I've been waiting for form 8936, which is now available but my software doesn't know about it. How do I update it?

[@everydaywithbecca]

It says on their website that if you bought the 2024 version, it should be included: turbotax.intuit.com/personal-taxes/irs-forms/ You can search for forms on that link. Try typing for it in the search bar of your desktop software. If you are using the online software, you just use the search bar to look for it, and then “jump to” it to begin completing it.

[@cyndimoring9389]

thanks, I'll try again. :)@@everydaywithbecca

[@cyndimoring9389]

I got an email from them saying the forms were ready but on my software it says ready on 2/21. So I'll wait until then.@@everydaywithbecca