I was in your exact situation last April. Per IRC §32, I qualified for Earned Income Credit with my children, which helped offset my federal taxes significantly. I also learned that as a 1099 contractor, I needed to make quarterly estimated payments per IRC §6654 to avoid penalties. I set calendar reminders for April 15, June 15, September 15, and January 15. Now I set aside 30% of each payment - life-changing difference this year! My state tax bill is still high, but I'm prepared for it now.

Have you considered restructuring how you handle your Amazon Flex income? Perhaps forming an S-Corporation could help reduce your self-employment tax burden? The Child Tax Credit is indeed federal, but have you explored your state's specific deductions for dependents? Many states offer dependent exemptions rather than credits. Could you benefit from increasing your business expense deductions to lower your overall taxable income?

I filed on January 23rd last year and got my refund on February 2nd. Maybe I just got lucky? 🤷‍♂️ My return is pretty straightforward though - W2 income, standard deduction, no credits. I think the complexity of your return matters more than when you file. But hey, if waiting makes you feel better about it, that's totally valid too!

Based on IRS processing patterns and statistical analysis of previous filing seasons, returns with Earned Income Tax Credit or Additional Child Tax Credit are automatically held until mid-February regardless of when you file due to the PATH Act verification requirements. For standard returns, historical data suggests filing between February 7-21 provides optimal processing efficiency. The January submission queue experiences disproportionate manual review selection due to identity theft prevention protocols.

OMG I'M SO GLAD YOU POSTED THIS!! 😅 I literally spent 3 hours on the phone with TurboTax yesterday trying to figure out what was happening with my Kentucky return! The rep finally told me that Kentucky made tax changes at the last minute and they're still updating their software. I went ahead and filed my federal return on February 2nd and I'm waiting for the Kentucky form to become available. The TurboTax representative assured me that I would receive an email notification within 7-10 business days when the Kentucky forms are ready. I'm checking my email obsessively every 4 hours because I'm expecting a decent refund from Kentucky too!

I called the Kentucky Department of Revenue directly on February 5th about this issue. They confirmed that several tax software providers, including TurboTax, are still going through the certification process for e-filing. The representative estimated that most software would be certified by February 17th at the latest. If you're concerned about budgeting and need your refund quickly, you might want to consider filing your federal return now to get that portion of your refund sooner. Just make sure you set aside any state tax you might owe when that filing becomes available. The penalties for late state filing don't start until after April 15th, so there's no financial disadvantage to waiting a few weeks for the Kentucky forms to become available.

I was in the same situation and found that TurboTax has a specific process for handling advances with investment income. Here's what worked for me: 1. Log into your TurboTax account online (not the app) 2. Go to Your Account > Refund Status > View Details 3. Look for the "Refund Advance" section specifically 4. If it shows "Additional Verification Required" you need to complete the verification process 5. This usually involves confirming some details about your investments Once I completed this, my advance was processed within 24 hours. Investment income, especially with losses, often triggers additional verification steps that aren't clearly communicated.

Has anyone checked the TurboTax community forums about this? According to posts I've seen at https://ttlc.intuit.com/, there's a specific issue with advances for returns containing Schedule D this year. The advance program seems to be flagging investment-related returns for additional review even after IRS acceptance. Would be helpful if someone who successfully received their advance with investment income could confirm the timeline?

OMG I had the EXACT same thing happen last year!!! 😱 My preparer forgot a 1099-INT and I was freaking out! I ended up using TurboTax to file an amended return myself (saved $$$) and it was actually pretty straightforward! The best part was that I discovered I was actually owed a BIGGER refund because the interest was offset by some deductions I qualified for! So don't panic - this might even work out in your favor! 🙌

I've been through this rodeo before. In my experience, the 1098 mortgage interest form is the more important one to correct if it gives you a substantial deduction you didn't claim. The Fidelity 1099 depends on what type it is - if it's a 1099-B showing stock sales, the IRS will definitely notice if those aren't reported. If it's just a small dividend 1099-DIV with minimal amounts, the tax impact might be negligible. Either way, I've found it's better to fix errors before the IRS finds them.