There’s no doubt about it, education tax benefits can make a huge
difference in your refund. The American Opportunity Tax Credit (AOTC)
typically offers the largest tax break. But if you don’t qualify for
that, there’s always the Lifetime Learning Cr...read more
Despite the fact that it is unnecessary to file Form 1099-Q, TurboTax
nevertheless invites the User to an interview regarding it, and then
incorrectly leads to the conclusion that distributions are TAXABLE (when
they are NOT). This happened to me des...read more
It allows books and supplies to be entered if charged by the
institution, and indicates other expenses can be entered later, but it
never then prompts for other expenses before moving out of the 1098-T
and 1099-Q sections in the online version.
I was checking IRS wage transcript for 2024 (filed in 2025) and it shows
"second notice issued" on one of the form 1099 INT. There are no notices
online and tax status / audit reports are clear. I did confirm that i
submitted this 1099 on tax return ...read more