Hi,
I had a few questions actually...
- Why is my refund different from last year? Nothing has changed. We actually made a little less.
- Why do I owe so much? Last year paid about 1k and received a 994 refund. This year we have to pay almost 8K.
- My state allows us to add rent as a deduction. Where do I put that on TurboTax?
- Do I include our timeshare canceled debt? The form has the amount canceled in the Fair Market Value section.
- Besides it coming out of my paycheck, I have not contributed anything extra to my 401k. Do I add what I currently have in my 401K and my husband's Traditional IRA?
- Are there other deductions I can add to lower what I owe?
