All Posts

Your car registration fee is deductible if it’s a yearly fee based on the value of your vehicle and you itemize your deductions.   In California, you can deduct The Vehicle License Fee (VLF) portion of your registration fee.   Where do I enter my car registration expenses?   Follow these directions: Open or continue your return. Navigate to the car registration section: TurboTax Online/Mobile: Go to the car registration screen under Deductions & Credits. TurboTax Desktop: Go to Federal Taxes. Go to Deductions & Credits. If asked How do you want to enter…?, select I’ll choose what I work on. Under Cars and Other Things You Own, select Start or Update next to Car Registration Fees.

Q. Should I put that I support myself under full-time student if my bills are paid by the head of household, but I pay my own tuition? A. Simple answer: No.  If it has already been determined that you are somebody else's dependent, then you did not support yourself.    That said, it really depends on more information.  What is the source of funds by which  you pay your own tuition? If student loans, did your parent co-sign the loan?  Which is the more,  your tuition or your bills paid by the head of household?   With the 2018 tax law change, most students will get the same refund whether they claim themselves or not. The personal exemption has been eliminated and the standard deduction increased. However, you only qualify for an education credit, if you are not a dependent. _______________________________________________________________________________________________ There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test. The support test is different for each type. The support test, for a QC, is only that the child didn't provide more than half his own support. The support test for a Qualifying Relative is that the taxpayer provided more than half the relative's support.   A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if: He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled He did not provide more than 1/2 his own support. Scholarships are excluded from the support calculation He lived with the parent (including temporary absences such as away at school) for more than half the year   So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on himself. The support value of the home, provided by the parent, is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf See full dependent rules at: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Rules-for-Claiming-a-Dependent-on-Your-Tax-Return/INF12139.html    

You do not enter a 1095B on a tax return-----at all.     When it asks you if you have a 1095A for marketplace health insurance you need to say NO and just move on.    You do not have to enter anything about your 1095B.