All Posts

You can't directly deduct your grandchild's college tuition and expenses as a personal deduction. However, these qualified education expenses may allow the grandchild or the parent to claim education tax credits such as the American Opportunity Tax Credit or the Lifetime Learning Credit, depending on who claims the grandchild as a dependent on their tax return. Additionally, if you pay the tuition directly to the educational institution, these payments aren't subject to gift tax. For claiming education credits, the key is who claims the grandchild as a dependent. If you don't claim them, the grandchild or their parents may be eligible to claim credits based on those expenses.   If your grandchild is your dependent, you potentially can claim education-related tax credits like the American Opportunity Tax Credit or the Lifetime Learning Credit for qualified tuition and expenses you pay. These credits apply to higher education expenses paid for a dependent student listed on your tax return. The American Opportunity Credit offers up to $2,500 per student, while the Lifetime Learning Credit can reduce taxes up to $2,000.

The third-party short-term disability payments you received during your family and medical leave (FMLA) in 2025 are generally considered taxable income if your employer paid for the premiums.   You will enter these in TurboTax by entering your Form W-2 as it is reported to you. (You may have received a Form 1099-MISC. If you did you would report that under other common income). TurboTax will properly determine the taxability based on your entries.   You likely received a W-2 from the third-party insurance vendor for the FMLA and not your regular employer. You will enter this form W-2 into TurboTax. In Box 13, "Third-Party Sick Pay" should be checked.  If the your W-2 shows taxable income in Box 1, it is taxable. If Box 1 is $0 or blank and only Box 12 shows Code J, then the payments are usually not taxable.   It is not the same as Paid Family leave.   See also:   Is disability income taxable?   Please return to Community if you have any additional information or questions and we would be happy to help.

    No. There is no longer an actual tuition deduction, but there is a tax credit. Only the parson who claims the student as a dependent can claim the tuition credit (including the student herself if she is not a dependent, with some limitations).   However the person who does claim the student, as a dependent (usually the parent), may claim the money you paid when calculating the credit.  Although the general rule, in taxes, is that you must be the one making the payment, to get the deduction or credit, there is an exception for education.

Make sure that you are using the same TurboTax account that you used last year.  To find the account where your 2024 return is:   First, sign out of your account Go to our Let's get you signed in page Enter your email address, phone number, or user ID We'll send a code to either your email address or your phone Enter the code we've sent you We'll show you a list of your accounts. Select the one you want to sign in to. Once you are in the same account, to enter your business income and expenses follow the steps below:   Open your return Go to Schedule C Answer Yes to Did you have any self-employment income or expenses? Here is some information you may find helpful:    A Guide to Self-Employment Taxes for Contractors, Freelancers, and Beyond   

Yes, enter the Georgia limit for Section 179 on GA Form 4562. But I believe this amount should go on Line 16 Column I under Elected Section 179 Cost.   Line 42 is for amortization of intangibles, not depreciation of vehicles.

I chose that one (Roof/HVAC/FIRE etc) for the simple fact that it states HVAC and it is depreciating over 39 years instead of 27.5!  How do I change this in Turbo Tax when I bought this in 2024 and am now working on 2025 taxes??  Didn't catch it last year!  I don't care about what I missed out on last year but want to correct it going forward.  I'm thinking we should have used -Qualified Improvements category??  WHY does it say HVAC if that's not where we should put it??

When filing taxes as a personal representative for a deceased individual, you sign the tax return with your own name and title as the personal representative, not the decedent's name. In TurboTax Online, to sign a tax return as a personal representative, you need to: 1. Enter the decedent's date of death when prompted during the filing process. 2. When signing the return, type your name and select the option or enter your title as Personal Representative. 3. TurboTax will automatically mark the return as filed by a personal representative. This ensures your signature reflects your role managing the decedent's tax return within the software.