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Child tax credit claims definitely slow things down - they have to manually verify everything. I'm dealing with a similar situation but for federal. Filed early February and still waiting. The frustrating part is there's really nothing we can do but wait it out. At least Kentucky usually processes faster than federal once they get to your return. Hang in there! š¤
One more thing to consider - if you make over a certain amount from your contractor work (I think it's around $1,000), you'll need to file Schedule C along with your tax return. This is where you report business income and expenses. You'll also fill out Schedule SE for self-employment tax. Start keeping track of ALL business-related expenses now if you haven't already! Mileage for business travel (not commuting), home office if applicable, portion of internet/phone, software subscriptions, office supplies, professional development, etc. These can significantly reduce your taxable income.
This thread has been incredibly helpful! As someone who just started contracting this year too, I want to add one thing that caught me off guard - make sure you're tracking your business expenses from DAY ONE, not just when tax season approaches. I learned this the hard way when I realized I had forgotten to save receipts for legitimate business expenses like software subscriptions, equipment purchases, and even parking fees for client meetings. The IRS requires documentation for deductions, so having a system in place early (even something as simple as a dedicated folder or app) can save you hundreds or thousands in missed deductions. Also, don't forget about the home office deduction if you work from home regularly and exclusively use a space for business. You can either use the simplified method ($5 per square foot up to 300 sq ft) or calculate actual expenses. Even if it's just a corner of your bedroom that you use only for work, it might qualify! One last tip: consider making estimated payments for 2025 even if you're not required to. It helps with cash flow management and prevents that massive tax bill shock next April. You can always adjust the amounts throughout the year if your income changes.
Great point about tracking expenses from day one! I wish I had known this when I started. Do you have any recommendations for apps or systems that work well for contractors? I'm currently just throwing receipts in a shoebox which I know isn't sustainable. Also, for the home office deduction - does it matter if you sometimes work from coffee shops or other locations, or can you still claim it as long as you have a dedicated space at home that's your primary work area?
I've been dealing with this Kentucky refund delay too - filed on February 28th and still waiting. What's really frustrating is that I called their automated line yesterday and it now says they're processing returns filed in "early February" which means I probably have several more weeks to go. For anyone else in this situation, I found that you can sign up for email notifications on the Kentucky revenue website so you don't have to keep manually checking. At least that way you'll know immediately when your status changes instead of obsessively refreshing the page like I've been doing. Has anyone had luck with the Taxpayer Service Portal that @Natasha Petrova mentioned? I'm willing to try anything at this point to speed this up.
I just tried the Taxpayer Service Portal that @Natasha Petrova mentioned and it s'actually showing different information than the regular refund checker! My return shows under "review - additional documentation may be required on" the portal, but the main refund site still just says processing. "This" is really helpful to know - I m'going to upload my supporting docs just in case. Thanks for the tip about email notifications too, I had no idea that was available. At least we re'not completely in the dark about what s'happening with our returns.
I'm experiencing the exact same delays - filed my KY return on March 2nd and still waiting. What's particularly frustrating is that I'm a tax preparer and have clients asking me daily about their Kentucky refunds while I can't even get my own processed. The timing of this system upgrade is absolutely baffling from a business perspective. Every other state manages to do major system maintenance during the off-season (May-December). Kentucky decided to do it right in the middle of tax season when they're processing the highest volume of returns. It's like deciding to renovate a restaurant kitchen during the dinner rush. I've been advising my clients to expect 8-10 weeks minimum based on what I'm seeing, even though the official estimate is still 6 weeks. Better to set realistic expectations than have people calling constantly. The whole situation has been a nightmare for tax professionals trying to manage client expectations.
@Jamal Thompson I completely agree about the timing being absolutely terrible! As someone new to Kentucky taxes just (moved here from Ohio last year ,)I m'shocked at how poorly this has been handled. In Ohio, they always did system maintenance in the summer months when processing volume was minimal. What really gets me is that they announced this back in January but didn t'clearly communicate the impact it would have on processing times. If I had known it would take 8-10 weeks, I would have filed much earlier or adjusted my financial planning accordingly. Since you re'a tax preparer, do you have any insight into whether they re'actually processing returns in the order they were received, or are some types of returns getting prioritized? I filed a simple W-2 return on March 5th and I m'wondering if more complex returns are causing bottlenecks in the system.
@Jamal Thompson As a fellow tax professional, I completely understand your frustration with managing client expectations during this mess. I ve'been telling my clients the same thing about 8-10 weeks minimum. From what I ve'observed with my clients returns,' it does seem like they re'processing roughly in order of receipt, but simple W-2 returns appear to be moving slightly faster than returns with business income or itemized deductions. I have three clients who filed simple returns in mid-February and got their refunds last week, while clients with Schedule C income filed around the same time are still waiting. The lack of clear communication from Kentucky DOR has been the worst part. They should have sent out mass notifications to tax preparers explaining the expected delays and giving us better tools to track our clients returns.' Instead, we re'all flying blind and dealing with frustrated clients who think we did something wrong with their returns. Have you considered reaching out to your local KTPA chapter about organizing some kind of formal complaint to the Department of Revenue about how this transition was handled?
Does anyone know if you can still get the refund advance if you have tax payments due from previous years? I owe about $800 from 2023 that I'm on a payment plan for, but I should be getting about $3000 back this year.
Just to add some helpful context for everyone asking about eligibility and amounts - the TurboTax refund advance program typically has a few key requirements beyond just the minimum refund amount: 1. Your expected federal refund needs to be at least $500 (as mentioned earlier) 2. You can't have any federal tax liens or levies 3. Your Social Security benefits can't be garnished 4. You need to pass their identity verification process The advance amounts are usually tiered: $250, $500, $750, $1,000, $1,250, $2,000, $3,500, or $4,000 depending on your expected refund size and their risk assessment. One thing I learned from experience - if you're planning to use the advance, make sure you have all your tax documents ready to go on January 2nd. The sooner you file after the program launches, the better your chances of getting approved, especially if you're borderline on any of their criteria. Also, keep in mind that while there are no fees for the advance itself, you do need to use TurboTax's paid service (usually around $60-120 depending on your return complexity) unless you qualify for their free version.
This is really helpful information, thanks for breaking down all the requirements! I'm new to the refund advance program and wasn't sure what to expect. Quick question - when you mention the identity verification process, is that something that happens automatically when you file, or do you need to submit additional documents? I want to make sure I have everything ready to go when the program starts on January 2nd.
Keisha Thompson
Protip: stop checking WMR every 2 seconds, it only updates once per day usually around 3am EST
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Dmitri Volkov
ā¢But what else am I supposed to do at work? š¤£
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Ezra Beard
Been there! This exact thing happened to me last month. TurboTax acceptance just means they successfully sent your return to the IRS, but it takes a few days for their systems to sync up. The IRS processes returns in batches, so even though they have it, it might not show in WMR until they start actually processing your specific return. Usually takes 3-5 business days from acceptance to show up in WMR. Try not to stress too much - if TurboTax says accepted, you're in the system! š
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Emma Davis
ā¢This is super helpful, thanks! Good to know it's normal for there to be a delay between acceptance and WMR showing anything. I was starting to think my return got lost somewhere š
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