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Something else to consider - if you wait too long to file, your refund might get delayed even further because the IRS prioritizes processing returns filed by the deadline. The later in the year you file, the longer the processing times tend to get as they're dealing with amended returns, audits, etc. Just something to think about if you're counting on that refund money!
Great question! I went through something similar during my own cross-country move. While there's no penalty for filing late when you're expecting a refund, I'd still recommend filing Form 4868 for the extension - it literally takes 5 minutes online and gives you peace of mind until October 15th. Here's what I learned: even though the IRS won't penalize you for late filing when they owe you money, filing the extension keeps everything official and prevents any potential system notices. Plus, if your calculations are wrong and you actually DO owe something, you'll face penalties and interest from the original April deadline if you don't file the extension. Since you just moved states, double-check if you need to file in multiple states too - those rules can be different from federal. And honestly, with a new job and move, your tax situation might be more complex than you think (moving expenses, state income differences, etc.). Better safe than sorry! The three-year rule others mentioned is real though - you have until April 2028 to claim any 2024 refund, but don't wait that long. File the extension now for peace of mind, then tackle your return when things settle down.
This is really helpful advice! I'm actually in a similar boat - just graduated and starting my first "real" job next month. The moving expenses part caught my attention - I thought the IRS eliminated the moving expense deduction for most people? Is that still available for job-related moves, or has that changed? Also, when you mention filing in multiple states, does that apply if I moved mid-year? I was a student in one state until May, then moved for work. Do I need to file partial year returns in both states even if I barely earned anything as a student?
Just to clarify something I learned the hard way... the health insurance coverage question (shared responsibility payment) was effectively eliminated after 2018 due to the Tax Cuts and Jobs Act setting the penalty to $0. So technically you don't have to worry about reporting health insurance coverage on federal taxes anymore, unless you live in a state that has its own individual mandate (like MA, NJ, RI, CA or DC).
Thats not completely accurate. Even though the federal penalty is $0, some tax software still asks about health insurance coverage because certain states DO still have penalties. I got hit with a penalty in California because i didnt report my coverage correctly even though the federal penalty is gone!
Great question! As others have confirmed, since you're a dependent covered under your mom's marketplace plan, you don't need to include the 1095-A on your tax return. Your mom, as the policyholder, is responsible for reporting it on her taxes. Just a couple of things to keep in mind as you file: 1. Make sure you check the box indicating that someone else can claim you as a dependent 2. You'll still report that you had health insurance coverage for the months you were covered (even though there's no federal penalty anymore, it's good practice) 3. Keep a copy of that 1095-A for your records - you never know when you might need it later Since this is only your second time filing, don't stress too much! You're asking the right questions. The main thing is accurately reporting your income from your campus job and correctly indicating your dependent status. The 1095-A situation is entirely your mom's responsibility to handle.
This is really helpful advice! I'm actually in a very similar situation - just started college and my parents handle most of the tax stuff but I have my own part-time income now. It's reassuring to know that the 1095-A isn't something I need to worry about on my return. One quick follow-up question though - when you say to report having health insurance coverage, is that just answering yes/no on the tax form, or do I need to provide specific details about the coverage dates? I was covered the full year under my parents' plan but want to make sure I'm answering correctly.
Has anyone dealt with handling PMI deduction in this situation? My boyfriend and I bought last year too and we have mortgage insurance since we put less than 20% down.
Unfortunately, the PMI deduction expired for tax years after 2021. It hasn't been extended for 2023 taxes yet, so currently you can't deduct PMI at all regardless of whose name is on the forms. Things might change if Congress retroactively extends it, but as of now, don't count on that deduction.
Ugh that sucks - I thought we could still deduct that! Our lender made it sound like it was a tax advantage. Thanks for letting me know before I tried claiming it.
This is such a helpful thread! I'm in a similar situation - my partner and I bought a house last year but aren't married yet. One thing I wanted to add is about property tax payments. Even if your mortgage company handles the property tax payments through escrow, you can still deduct those taxes on your return. Make sure to check your annual escrow statement from your lender - it should show exactly how much was paid in property taxes for the year. This amount can be deducted separately from the mortgage interest, and the same rules apply about splitting it between you and your fiancΓ© if you're both contributing to the mortgage payments. Also, don't forget about any points you paid when you got the mortgage - those are typically deductible in the year you bought the house if it was your primary residence. The points would be shown on your HUD-1 settlement statement or Closing Disclosure from when you purchased. Good luck with your taxes and congratulations on the house! The first year of homeownership taxes can be confusing but you'll get the hang of it.
Thank you for mentioning the points deduction! I completely forgot about that. We did pay points at closing to get a lower interest rate, and you're right - I can see them on our closing documents. One quick question about the property taxes through escrow - do I use the amount that was actually paid to the county during 2023, or the amount that was deposited into escrow during 2023? Our escrow analysis shows these are slightly different amounts because of how the timing worked out with our closing date. Also, does anyone know if the property tax deduction is subject to the $10,000 SALT cap when filing as single? I know married couples are limited to $10k total, but I'm not sure how it works for unmarried people who own property together.
Same exact situation here! Filed through TurboTax, DDD of 3/15 on my transcript, using Chime, and still nothing as of today. Called Chime twice and they keep saying no pending deposits. It's so frustrating because I really need this money too. Reading through these comments gives me some hope that maybe it'll just show up in the next day or two like what happened to Noah with Varo. Going to try to wait until Friday before I start panicking more, but the anxiety is real! π°
Hang in there! I'm seeing so many people with the exact same timeline and situation. It seems like there's definitely something going on with the online banks this year - maybe they're just processing slower than usual? The fact that Noah got his deposit 3 days after his DDD with Varo gives me hope that ours might just be delayed too. I'm trying to stay positive but it's hard when you're counting on that money! π€ Hopefully we both wake up to good news tomorrow morning.
I'm having the exact same issue! Filed with TurboTax, have a DDD of 3/15 on my transcript, and use Chime - still no deposit as of today. Called Chime multiple times and they say there's nothing pending. I've been checking my account obsessively every few hours. It's really stressful because I was counting on this refund to pay some overdue bills. Reading through everyone's experiences here is both reassuring (I'm not alone) and nerve-wracking (this seems to be a widespread problem). Going to try calling the IRS tomorrow if nothing shows up, though based on what others are saying it might be impossible to get through. Really hoping this gets resolved soon for all of us! π€
Olivia Kay
I'm going through the exact same thing! Filed electronically on January 8th and had been tracking normally with "processing" status, then woke up yesterday to this same "Status Not Available" message with Tax Topic 152. It's so disheartening to go from having some visibility into your refund status to basically being told they can't provide any information. After reading through all these comments, I'm relieved to know this is happening to so many people - makes it clear this is a systemic issue with their processing rather than something wrong with individual returns. The transcript checking tip that several people mentioned is clutch - I just pulled mine and can actually see activity codes that show things are still moving behind the scenes even though WMR has gone dark. It's frustrating that the IRS can't provide better communication about these delays, but at least we're all in this together. The fact that people are eventually getting their refunds after 4-6 weeks gives me hope. Just wish they'd be more transparent about what "additional processing" actually means instead of leaving us all to decode cryptic status messages and transaction codes! @Nia Davis hang in there - sounds like this is the new normal for 2025 tax season and we just have to ride it out! πͺ
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Brooklyn Knight
β’@Olivia Kay Same exact timeline here! Filed Jan 9th and just hit this wall yesterday too. It s'honestly a relief reading everyone s'experiences - I was starting to panic thinking something was seriously wrong with my return. The transcript thing is a game changer, just checked mine and there s'definitely activity there even though WMR is acting like my refund fell into a black hole. Really hoping the IRS gets their act together with communication because this Status "Not Available message" is anxiety-inducing when you re'expecting that money! At least we know we re'not alone in this mess π
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Ravi Choudhury
Going through the exact same thing right now and it's honestly maddening! Filed on January 14th and was tracking fine until this week when it suddenly switched to "Status Not Available" with that same Tax Topic 152 message. What's really getting to me is how the IRS can just flip a switch and go from giving you tracking info to basically saying "we can't tell you anything." Like, my return didn't just disappear into thin air - clearly something is happening behind the scenes but they've decided to keep us completely in the dark about it. Thanks to everyone sharing the transcript checking tip - just looked at mine and there's actually quite a bit of activity showing even though WMR acts like my return doesn't exist. Still frustrating that we have to become IRS code experts just to get basic info about our own money, but at least it's something! The silver lining is seeing how many people are dealing with this exact same situation. Makes it clear this is just how they're handling things this year rather than individual return issues. Still doesn't make the waiting any easier when you're counting on that refund though! π© @Nia Davis we're all stuck in this together - hopefully we'll all get through this processing nightmare soon!
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