Product Updates

🌟 Hello again, amazing online community! 🌟 I've got another exciting "this or that" question for all of you today. Get ready to make a tough choice and let's dive right in: Would you rather have the ability to time travel to the past or to the future? ⏰ Option A: Time Travel to the Past! If you're a history enthusiast or have a burning curiosity about the past, this option might be perfect for you. Imagine being able to witness iconic historical events firsthand, meet legendary figures, or even correct past mistakes. The past holds countless mysteries and stories waiting to be explored, and with the power of time travel, you can unlock those hidden treasures. ⌛ Option B: Time Travel to the Future! If you're fascinated by the unknown and have a keen sense of adventure, this option might be right up your alley. Picture yourself journeying forward in time, discovering technological advancements, exploring distant worlds, and unraveling the mysteries of what lie

Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.     A friendly welcome to our new and returning community members!    We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing Family Tax Credits and Early Filers.    Stepping into the New Year, for many, tends to bring the energy of a fresh start. Whether it’s after a ton of holiday excitement spent with loved ones, or after a long winter’s nap (and probably way more sweets than we want to admit) the motivation tends to be high to get things accomplished and to also make some serious changes moving into the future.     In 2024 eating better, improving physical health, and being happy are at the top of Americans’ lists, with the number one resolution for the New Year being to save more money! &nb

Getting your taxes filed early has its benefits! It’s amazing how accomplishing certain things can uplift your spirit and set the mood for the day, week, or in this case…the year! To me, there’s rarely a better feeling than getting that one (possibly daunting) task accomplished - box checked - and done. It’s even better if you get money in your pocket as a result of taking action! That leads us to the most obvious and enticing perk to filing early - getting your tax refund earlier! Even if you owe more taxes, it’s great to know sooner rather than later, so you can budget and pay on time. Did you know that early filing is also a deterrent from tax-related identity theft? If a scammer files with your social security number before you do, that would create a mess and refund delay. Sadly, it’s you who would bear the burden to prove it’s fraud. But if you file first, the would-be fraudster’s tax return would be rejected.  And there are other perks that might even make or break a life-c

Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.   ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   A friendly welcome to our new and returning community members!  We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing life events.   Life's journey doesn't always involve confetti and balloons. Sometimes, it's about making tough decisions. While some of those decisions can be emotionally challenging, the TurboTax Live Community can help you understand the tax consequences of most life events. Whether that’s saying “I do” to a whole new set of tax rules or dividing assets and spousal support. We'll be your tax guru, guiding you through the legal and financial implications so you can navigate all transitions with clarity. Think of taxes as that friend w

Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.   ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   Welcome back to our new and returning community members! We’re so glad to have you here with us today. We’re excited to share another chance to win a $100 gift card this month. We’ll be discussing Extension Filing and how that may impact your tax planning.  Tax extension filers are individuals or businesses who opt to request additional time to submit their tax returns to the Internal Revenue Service (IRS). This extension allows them to delay the filing deadline, which is typically on April 15th but is extended to October 15th. Tax extension filers may choose this option for various reasons, such as needing more time to gather necessary documentation, facing complex financial situations, or simply wanting to ensure accuracy in the

TurboTax is going to Beat Your Price. We’re so confident that you’ll fall in love with our Full Service Experts that we’re going to Beat the Price you paid your tax pro last tax season! Here’s how it works - when you switch to TurboTax Full Service and have your 2024 taxes prepared by one of our Full Service experts, we’ll beat the price you paid for your 2023 tax preparation (from a CPA or other licensed tax professional) by at least 10% if you lock in this offer by 3/18 and file by 3/25. It’s easy peasy to make the switch! To receive this offer, get started and select "prefer to hand off to an expert" when prompted. We'll guide you to determine your eligibility and lock in your offer after you start your taxes using TurboTax Full Service. Discount will be applied at checkout. Just between you and me - it doesn’t even matter how complex your 2024 tax return will be or even if you have multiple states! Who does that?! TurboTax does! Of course your TurboTax Full Service Expert will

Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.     ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   A friendly welcome to our new and returning community members!  We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing Self-Employed Quarterly Filing.   Self-employed individuals are required to file quarterly taxes to ensure they meet their tax obligations throughout the year. Unlike traditional employees, who have taxes withheld from their paychecks, self-employed workers must estimate and pay their taxes quarterly based on their anticipated income. This typically involves calculating income tax and self-employment tax, which covers Social Security and Medicare contributions. Filing quarterly taxes helps avoid a hefty tax bill at the end of th

  Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.     ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++     Welcome back to our new and returning community members! We’re so glad to have you here with us today. We’re excited to share another chance to win a $100 gift card this month. We’ll be discussing how you teach your kids financial responsibility: allowance vs chores.  One of the key questions parents often face is whether to provide their children with an allowance or tie it to completing chores. Both approaches have their merits and can help instill financial responsibility in kids from a young age. Allowance provides children with a steady income stream, teaching them the value of money and how to manage it. It allows kids to make their own spending decisions and learn from the consequences of their choices.

  Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.   ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   A friendly welcome to our new and returning community members. We’re so glad you’re all here! We have another sweepstakes which means another opportunity to win a $100 gift card! This month, we’re discussing Maximizing Your Write-offs.   A write-off is a fancy way of saying business expense. This means that write-offs are exclusively for business expenses, not just any personal expense. That being said, there are some fun, and even juicy, write-offs you could look for as a solopreneur or entrepreneur. Some fun write-offs I appreciate are cell phone, education, home office, and even gifts! Side-note, you’re only able to write-off $25 per person per year in gifts :wink: so if you buy John a gift worth $50 (for refer

  Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.   ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   A friendly welcome to our new and returning community members!  We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing tax credits.   A tax credit is a dollar-for-dollar reduction of the income tax you owe, so it’s no surprise that filers want to find the most credits they’re eligible for. Since our lives are always changing and new tax credits are established yearly, you may be surprised to find credits you didn’t know about or didn’t previously qualify for this year. Please share what credit you just learned about or qualified for this year, or what credit you hope to claim in the future. Any user who comments about tax credits on this post wi

We know that the success of any online community is directly tied to the members who participate in it, and we want to make sure that you get recognized for all the time, knowledge, and passion that you have shared with us.   You may have previously noticed there is a section on your profile page that highlights your “Latest Badges Earned," which is where we recognize you for participating and engaging in our community. Each badge represents a specific community achievement, and is a bit like a digital certificate to show off your involvement.     When we launched our first phase of badges we wanted to highlight the most popular functions on the community, but we didn’t want to overwhelm everyone. Now that the community is a bit more established, we decided it was a good time to expand the set a bit (Now we can reward you for even more of what you do here!).   To see a full list of the available badges , simply click on the “View All” link in the badge section

Who knew conserving energy could put so many tax dollars in your pocket?! It’s no secret that there’s an ever-increasing movement toward energy efficiency in recent years (decades, really). The push is so strong that even the IRS continues to jump on the eco-friendly bandwagon with Energy Tax Credits.  Every homeowner and car driver needs to be aware of these wonderful (in many ways) tax credits. If you don’t have a clue what I’m talking about, start with the basics on what energy tax credits actually are and what it means to get one. For the rest of you, keep reading because there’ve been some recent changes and they’re for the better!   LET THE SUN SHINE!  Solar energy is all the rage - and it should be! The sun is essential to life, why not let it be essential to our energy needs as well?!  It seems the IRS agrees with a big YES to tax savings! Under current tax law, the solar energy credit is a massive 30%! That's a big chunk of money when you consider the

Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize.   ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++   A friendly welcome to our new and returning community members!  We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing Self-Employed & Gig Workers.   The Gig Economy is booming. Many Americans are working one or more gig jobs and their reason for doing so vary. Some people find the freedom of working their own hours allows them to pursue other interests, many people are working side gigs to supplement their income, and others have jumped on board with gig work to fill the time and socialize (shout-out to the drivers who also give out free life advice).  Gig work has changed the economy and the way we do our taxes. If you have done gig work or

Depreciation, COGS, and QBI! Oh my!! Self-employment tax reporting can be like taking a walk down the yellow brick road. There could be twists and turns and even strange sightings of unusual “terms”.   No need to fear, the path to home will soon be clear. And yes, the rumors are true - you can take a deduction for your home office and your vehicle too!! But, just when you think you’re nearly there, more confusing words start to appear. They’re coming right at you and piling high. You see Gross Receipts, Gross Income, and Gross Profits.  Oh why?!  As you venture on your journey through the land of SE (SE means self-employment, in case you didn’t guess), there may be terminology that you don’t quite understand. And if you do, it’s possible the IRS defines it just a little bit differently than what you’re familiar with.  Let’s clarify the meanings for common terms every self-employed person needs to know: Gross Receipts (aka Gross Sales)  - Think of thi

This sweepstakes has ended   Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize. ++++++++++++++++++   A friendly welcome to our new and returning community members!  We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing early and first-time filers.   Many people like to file their taxes as soon as possible; whether you hope to get your refund ASAP or just want to get the task out of the way, you’re not alone in early filing. Perhaps this is also your first time filing. Maybe you are excited to get started or maybe you’re worried you’ll have questions and want to get a head start. No matter your reasoning, the TurboTax Community is here for you. That’s why this month if you share why you’re starting on your taxes early, you will be entered to win a $100 gift c

Do you love getting a jumpstart on filing your tax returns? Some of us have a real need to be organized and make sure our tax returns are completed as soon as possible - if for no other reason than to just check it off our list. Others aren’t as obsessed about getting it done, but know they’re receiving a refund. Maybe they typically qualify for a refundable tax credit such as the Earned Income Credit (EIC). Or they have over withheld the taxes on their paychecks and want that money back in their own pockets ASAP. After all, the IRS has “borrowed” it for long enough!There’s another group of tax filers too - the ones who are filing for the very first time and are anxious to see what the “tax season” fuss is all about.  If this is you, and you need to know where and how to begin, you’ll get a great start with this info-filled article called Help! It’s My First Time Filing Taxes. It includes the basics like some tax terminology, help with gathering your docs, links to calcu

This sweepstake has ended   Thank you so much to everyone who participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize. ++++++++++++++++++   A friendly welcome to our new and returning community members!    We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing cryptocurrency.     For some, crypto may be confusing, for others, it may be used as commonly as cash. While there are many advantages to using crypto, there are some disadvantages as well. That’s why this month we're asking, has crypto made your financial transactions easier or more complicated? Or if you have decided not to use crypto at all, please share why. Anyone who shares their opinion or experience below will be entered into a sweepstakes for a $100 gift card. A winner will be randomly selected on November 15, 202

This sweepstake has ended Thank you so much to everyone that participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize. ++++++++++++++++++   A friendly welcome to our new and returning community members!    We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing how those big changes in life can impact your taxes.    Was 2023 a big year for you? Maybe you finally bought that house you have been working so hard for, or possibly your baby bird flew the nest and went off to college, or if you're really lucky, maybe 2023 was the year you retired and now you're enjoying a new chapter of life! Whether you welcomed a new baby or you're contemplating a move across state lines for your dream job, your tax situation may change with these life events. Share your big life changes below to be entered for a chance

If you’re in one of California’s affected counties, you now have until November 16, 2023 to file and pay your 2022 taxes. Both the IRS and the State of California have extended this deadline.  It’s automatic and no further extension request is required on your part. According to the IRS, 55 of California's 58 counties (all except Lassen, Modoc and Shasta counties) qualify.  The original decision to extend (previously to October 16, 2023) was due to last winter’s natural disasters in the state. This additional month will provide much needed relief to those still recovering from those events.  As always, TurboTax is here to help!  Reach out and get Expert Advice your way. You can also check out the resources below for more details and assistance. IRS Announcement - For California storm victims, IRS postpones deadline to Nov. 16IRS provides tax relief for California storm victimsWhat are the tax deadline extension for those affected by natural disasters?Last

This sweepstake has ended Thank you so much to everyone that participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize. ++++++++++++++++++   Welcome back to our new and returning community members! We’re so glad to have you here with us today. We’re excited to share another chance to win a $100 gift card this month. We’ll be discussing Extension Filing and how that may impact your tax planning.  Tax extension filers are individuals or businesses who opt to request additional time to submit their tax returns to the Internal Revenue Service (IRS). This extension allows them to delay the filing deadline, which is typically on April 15th but is extended to October 15th. Tax extension filers may choose this option for various reasons, such as needing more time to gather necessary documentation, facing complex financial situations, or simply wanting to ensure accuracy in their tax filings.

Did you file a tax extension? Perhaps you needed a little extra time to track down missing tax documents, had an unforeseen life event, or just procrastinated (let’s face it - we all do at times). The reason doesn’t matter, but the deadline to file does! The extension deadline of October 15, 2024 (for 2023 tax returns) is rapidly approaching. The time to file is now!  If you’re still reading this, it’s possible you need a little extra information on how filing an extension might have affected your tax returns. If that’s not you, just jump right into your TurboTax account and finish up your tax returns.  For the rest of you, let’s first make sure there’s a clear understanding of what filing a tax extension really means - just so there aren’t any unexpected “taxing” surprises. Filing a tax extension is a great option if you need a little extra time to file your taxes. However, it’s only an extension of time to file your tax returns, not to pay any taxes owed.  If this is n

This sweepstake has ended Thank you so much to everyone that participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize. ++++++++++++++++++   A friendly welcome to our new and returning community members!    We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing Self-Employed Quarterly Filing and how they impact your tax planning.    Tax planning as a self-employed individual is like being the captain of your own financial ship. You navigate the waters of deductions and credits, ensuring smooth sailing towards maximum savings. With a keen eye for detail and a strategic mindset, you can leverage every opportunity to maximize your savings. For this month we are going to ask you to leave a comment down below letting us know what your small business/side gig is. Whether you are a dog walker or own a coffe

This sweepstake has ended Thank you so much to everyone that participated! We appreciate you sharing your experiences with our community. A winner will be randomly selected and contacted to claim their prize. ++++++++++++++++++   A friendly welcome to our new and returning community members!    We’re excited to share another sweepstakes and another chance to win a $100 gift card with you. This month, we’re discussing where you’d like to retire.    As we grow older and our lives change, we get our first job, grow our retirement fund, we marry, purchase a home, have children, those children go off to college, and eventually we retire. Even if we don’t take the traditional route we are all expecting retirement. All of those major life events can impact your taxes, savings, or retirement plans. One thing most of us look forward to is retiring in a peaceful location. To some that is a beach and to others it could be outside of the USA. Reply to this post with y