Just want to add that I had the exact same issue two years ago with my son's last name (typed "Johnsn" instead of "Johnson"). My return was accepted and processed without any issues or delays. As long as the SSN is correct and the first four letters match, you should be fine. The IRS systems are designed to handle minor typos like this. I never had to file an amendment or anything.

I completely understand your stress about this! I went through something very similar last year when I accidentally typed my daughter's middle initial as "M" instead of "N" on our return. I was convinced it would cause major problems. After doing a lot of research and eventually speaking with a tax professional, I learned that the IRS's matching system is actually quite forgiving for these types of minor errors. Since "Davus" and "Davis" both start with "Davi," you should be in the clear. The fact that your return was already accepted is a really good sign - that initial acceptance includes the name matching process. I never had to file an amendment for my error, and our refund came through on schedule. The IRS deals with thousands of these minor typos every tax season, so their systems are built to handle them. Try not to stress too much about it - based on everything I've learned and experienced, you're very likely going to be just fine!

What tax software are people using for situations like this? I'm using TurboTax and can't figure out how to explain the 1099-NEC discrepancy anywhere.

I went through something very similar last year! My 1099-NEC had the wrong amount in Box 1 ($3,200 instead of $4,850) and also had Box 7 marked incorrectly. Here's what I learned: 1. Definitely try to get a corrected form first - send a written request to the company with your actual payment records attached. Give them about 2-3 weeks to respond. 2. If they don't issue a correction before you need to file, go ahead and report your actual income ($7,340) on Schedule C. The IRS wants you to report all income you actually received, regardless of what the 1099 says. 3. Keep detailed records of EVERYTHING - your invoices, contracts, payment confirmations, bank deposits, and your request for correction. Also document any communication with the company about the error. 4. Consider attaching a brief statement to your return explaining the discrepancy. Something like "1099-NEC received shows $5,875 in Box 1, but actual payments received were $7,340 as documented in attached records." The Box 2 marking is definitely wrong for graphic design work - that's only for direct sales of consumer products. Don't worry too much about it affecting your filing, just make sure your Schedule C clearly shows your business as graphic design services. You're being responsible by catching this early. Most people don't even notice these errors!

Just to clear up a common misunderstanding I had myself - the tax-free threshold for self-employment (the £1,000 trading allowance) is separate from your personal allowance. You can choose to use this £1,000 allowance instead of deducting your actual business expenses if it's more beneficial. For example, if your self-employed income is £5,000 but you only have £600 in expenses, you'd be better off claiming the £1,000 trading allowance instead. This means you'd only pay tax on £4,000 of your self-employed income. This might be useful for the original poster if their self-employment income is relatively low with few expenses.

This is such a helpful thread! I'm in a very similar position - just started a PAYE job after being solely self-employed for a few years. One thing I'd add is to make sure you keep track of when your employment started during the tax year, as this affects how your personal allowance gets allocated. If you start employment partway through the tax year, your employer will only use a portion of your personal allowance, which means you might still have some left to offset against your self-employed income. Also, don't forget that if your total income pushes you into higher rate tax territory (over £50,270), you'll pay 40% tax on the portion above that threshold from both income sources. This can be a nasty surprise if you're not prepared for it! I'd definitely recommend using one of the tax calculation tools mentioned here or speaking to an accountant if your situation gets complex. The interaction between PAYE and self-employment can create some unexpected tax bills if you're not careful with planning.

I'm confused why we even get these forms anymore. Didn't the whole health insurance requirement (individual mandate) get removed a few years ago? Do we still need to worry about proving we had coverage?

Thanks for asking this question - I was literally in the same boat last week! I also have Texas Medicaid and got a 1095-B form. After reading through all these responses, I can confirm that you definitely don't need to file the 1095-B with your tax return. I ended up calling my local Medicaid office just to double-check, and they confirmed it's purely for your records. The representative explained that it's basically just proof that you and your daughter had qualifying health coverage throughout the year, but since Medicaid doesn't involve any premium tax credits (like Marketplace plans do), there's nothing to reconcile on your tax return. Go ahead and submit through TurboTax - you're good to go! Just keep that 1095-B form filed away with your other tax documents for your records.

Another tip - make sure your lender knows about the gift upfront! My wife and I didn't tell our lender about our gift until late in the process and it caused a lot of unnecessary stress and delays. Different loan programs have different requirements for gift funds. Some conventional loans require that a certain percentage of the down payment comes from your own funds if you're putting down less than 20%. FHA loans are more flexible with gifts. Also, double-check that your parents document the gift correctly. Our lender required a gift letter signed by both my in-laws explicitly stating the amount, that it was a gift with no expectation of repayment, their relationship to us, and their contact information.

One more thing to consider - if your parents are married and filing jointly, they can actually combine their annual gift exclusions. So for 2025, they could give up to $36,000 to you and $36,000 to your partner (total of $72,000) without any gift tax reporting requirements at all! This is called "gift splitting" and it's automatic for married couples filing jointly. Since your gift is $62k total, if they structure it as $31k to each of you, it would fall completely within their combined annual exclusions and they wouldn't need to file Form 709 at all. Just make sure the gift letter clearly states the gift is from both parents to both recipients, and have your lender review the documentation before the wire transfer. This could save your parents the hassle of filing any gift tax forms while still getting you the full amount you need for your down payment!