https://ttlc.intuit.com/community/tax-credits-deductions/help/02/109 All Tax credits and deductions posts Mon, 14 Sep 2020 06:17:15 GMT 109 2020-09-14T06:17:15Z https://ttlc.intuit.com/community/tax-credits-deductions/help/qu%C3%A9-es-una-exenci%C3%B3n-personal/01/837763#M242 Una exención personal era un monto establecido que podías deducir por cada contribuyente y dependiente en tu declaración de impuestos de 2017 o de años anteriores. El importe de la exención en el año tributario 2017 era de $4,050 por persona, sujeto a una eliminación gradual para niveles altos de ingresos. La exención personal fue eliminada por la Ley de Empleos y Reducción de Impuestos (TCJA, por sus siglas en inglés). Para ayudar a compensar la pérdida de la exención, la TCJA aumentó el importe de la deducción estándar, duplicó el crédito tributario por hijos y creó un nuevo crédito de $500 por otros dependientes (también conocido como “crédito tributario familiar”). Related Information: ¿Qué deducciones de impuestos federales fueron suspendidas por la reforma tributaria? Wed, 26 Feb 2020 01:00:22 GMT https://ttlc.intuit.com/community/tax-credits-deductions/help/qu%C3%A9-es-una-exenci%C3%B3n-personal/01/837763#M242 TurboTax Help 2020-02-26T01:00:22Z https://ttlc.intuit.com/community/tax-credits-deductions/help/puedo-deducir-impuestos-sobre-la-propiedad-bienes-ra%C3%ADces/01/837761#M241 Los impuestos sobre bienes raíces (también denominados “impuestos sobre la propiedad”) que se gravan sobre tu vivienda principal, vivienda vacacional o terreno se pueden deducir si se basan en la valuación fiscal y si tu propiedad es de uso personal. El que obtengas o no una deducción sobre tus impuestos es otra cuestión, dado que hay varios cambios vigentes a partir de la reforma tributaria que han afectado esta deducción. Primero, no podrás deducir los impuestos sobre tu propiedad si tomas la deducción estándar. Aun si detallas tus deducciones, la deducción SALT (impuestos estatales y locales sobre los ingresos), que incluye el impuesto sobre la propiedad, ahora tiene un tope de $10,000 ($5,000 para parejas que presentan su declaración separadamente). Esto significa que es posible que los contribuyentes que viven o son dueños de una propiedad en estados con impuestos altos sobre la propiedad no obtengan una gran deducción como lo hicieron en años anteriores. Dicho esto, igualmente deberías cargar tus impuestos sobre la propiedad en&nbsp;TurboTax. Calcularemos qué cantidad, si hay alguna, es deducible. Asegúrate de incluir los impuestos sobre la propiedad pagados al cierre así como el impuesto anual sobre la propiedad pagado a tu tasador. No incluyas lo siguiente: Impuestos que pa... Tue, 16 Jun 2020 18:34:58 GMT https://ttlc.intuit.com/community/tax-credits-deductions/help/puedo-deducir-impuestos-sobre-la-propiedad-bienes-ra%C3%ADces/01/837761#M241 TurboTax Help 2020-06-16T18:34:58Z https://ttlc.intuit.com/community/tax-credits-and-deductions/help/puedo-deducir-el-seguro-hipotecario-privado-pmi-o-mip/01/277390#M240 Sí, siempre y cuando detalles tus deducciones y el contrato de seguro se haya emitido después de 2006. Una vez que tu Ingreso Bruto Ajustado (AGI, por sus siglas en inglés) supera los $100,000 ($50,000 para casados declarando por separado), la deducción se reduce. Si tu AGI supera los $109,000 ($54,500 si eres casado declarando por separado), la deducción del PMI/MIP se elimina por completo. Related Information: ¿Aún puedo detallar mis deducciones? ¿Puedo deducir mi seguro de propietario? Wed, 26 Aug 2020 23:45:18 GMT https://ttlc.intuit.com/community/tax-credits-and-deductions/help/puedo-deducir-el-seguro-hipotecario-privado-pmi-o-mip/01/277390#M240 TurboTax Help 2020-08-26T23:45:18Z https://ttlc.intuit.com/community/credits-and-deductions/help/does-my-business-qualify-for-the-california-disabled-access-credit/01/27600#M216 Your business qualifies for California’s Disabled Access Credit for Eligible Small Businesses if it had one of the following expenditures: Removed architectural, communication, physical, or transportation barriers that prevent the business from being accessible to, or usable by, people with disabilities, if the facility first placed in service before November 6, 1990 Provided qualified interpreters or other methods of making audio materials available to people who are deaf or hard of hearing. Provided qualified readers, taped texts, and other methods of making visual materials available to people with visual impairment Acquired or modified equipment or devices for people with disabilities Provided other similar services, modifications, materials, or equipment Businesses must also meet certain requirements to be able to take the credit: Had gross receipts (which can be reduced by returns and allowances) of less than $1 million in the tax year, or Employed no more than 30 full-time employees during the tax year Your business can receive a credit of up to $125 on eligible expenses by filing Form 3548. Related Information: What expenses qualify for the Lifetime Learning Credit? Can I claim my student loan? What is the Qualified Business Income (QBI) deduction? Can I claim energy-e... Mon, 07 Sep 2020 13:18:52 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/does-my-business-qualify-for-the-california-disabled-access-credit/01/27600#M216 TurboTax Help 2020-09-07T13:18:52Z https://ttlc.intuit.com/community/credits-and-deductions/help/are-business-meals-considered-entertainment/01/27541#M61 With the business entertainment deduction repealed for tax years 2018-2025, some people (including us) were left wondering if going out to dinner with a business associate or taking clients to happy hour is considered "entertainment" and therefore not deductible. To provide interim guidance, the IRS issued Notice 2018-76,&nbsp;which states that business meals aren't treated as entertainment (which means they're still 50% deductible) as long as all five of these conditions are met: The expense is an ordinary and necessary expense in conducting the trade or business. The expense is not lavish or extravagant under the circumstances.* The taxpayer or his/her employee is present at the meal. The meal is provided to a current or potential business customer, client, consultant, or similar business contact. For meals provided at or during an entertainment activity, the meals are either purchased separately from the entertainment or the meal and entertainment costs are separately stated on a bill, invoice, or receipt.† *If a nice dinner for two costs around $75 in your area but the bill at your favorite high-end establishment came in at $200, you can take a deduction on the reasonable $75 portion of the bill but not the "lavish and extravagant" $125 portion. †For example, if you took a clie... Mon, 07 Sep 2020 13:18:28 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/are-business-meals-considered-entertainment/01/27541#M61 TurboTax Help 2020-09-07T13:18:28Z https://ttlc.intuit.com/community/credits-and-deductions/help/why-don-t-i-qualify-for-the-qualified-business-deduction/01/27473#M16 You can't claim the qualified business deduction if: You don't have qualified business income. You have qualified business income, but don't have overall net income, meaning your expenses were more than your income. Your other deductions already reduced your taxable income to $0. Your type of business doesn't qualify for the deduction. For example, C corporations don't qualify for this deduction. Schedule C filers (sole proprietorships and other self-employed businesses), LLCs, partnerships, S corporations, and trusts qualify for the deduction. Your business is a specified service trade or business (SSTB) and your total taxable income (which includes all your income, not just from your business) is over $207,500 (or $415,000 if filing jointly). Your total taxable income (which includes all your income, not just from your business) is over $207,500 (or $415,000 if filing jointly) and you didn't pay enough wages or have sufficient assets to be able to take the deduction. Related Information: What is the Qualified Business Income (QBI) deduction? Related Information: What is the Qualified Business Income (QBI) deduction? Do I qualify for the qualified business income deduction? Do I need to incorporate to get the qualified business income deduction? Mon, 07 Sep 2020 13:17:48 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/why-don-t-i-qualify-for-the-qualified-business-deduction/01/27473#M16 TurboTax Help 2020-09-07T13:17:48Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-passthrough-deduction/01/27472#M112 The passthrough deduction is also known as the qualified business income deduction. It is in effect for tax years 2018 through 2025. It allows taxpayers to deduct up to 20% of qualified business income from their taxes. TurboTax will automatically calculate how much you can deduct.If you’d like to learn more about the qualified business income deduction, we have more information you can read. Related Information: What is Schedule A? What is a Section 179 recapture? Can I still itemize my deductions? How do I change from the standard deduction to itemized (or vice-versa)? How will tax reform affect my 2018 federal tax return? Related Information: What is the Qualified Business Income (QBI) deduction? Do I qualify for the qualified business income deduction? Wed, 26 Feb 2020 00:48:01 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-passthrough-deduction/01/27472#M112 TurboTax Help 2020-02-26T00:48:01Z https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-the-credit-for-other-dependents-family-tax-credit/01/27469#M109 Some common reason taxpayers can't claim the Credit for Other Dependents are: Your child no longer qualifies as your dependent. Your child or dependent provided more than half of their financial support in 2019. Your child or dependent didn’t live with you for the time period requirements 2019. Your dependent had more than $4,200 of gross income in 2019. You can review more information about the requirements for claiming the Credit for Other Dependents. Related Information: What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Can I qualify for the Earned Income Credit if I didn't work, was unemployed, or am not required to file a return? What is a qualifying child for the Earned Income Credit (EIC) in 2019? What are the qualifications for the Earned Income Credit (EIC or EITC)? What is the Child Tax Credit? Related Information: What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Mon, 07 Sep 2020 13:17:46 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-the-credit-for-other-dependents-family-tax-credit/01/27469#M109 TurboTax Help 2020-09-07T13:17:46Z https://ttlc.intuit.com/community/credits-and-deductions/help/why-am-i-getting-the-credit-for-other-dependents-instead-of-the-child-tax-credit/01/27468#M113 The Credit for Other Dependents is a credit that began in 2018. Child dependents that qualified for the Child Tax Credit in prior years may no longer meet the Child Tax Credit requirements, but may qualify for the Credit for Other Dependents. There are a few reasons why you might get the Credit for Other Dependents instead of the Child Tax Credit. Common reasons include: Your child is now 17 years or older. Your child is no longer considered a qualifying child, but is considered a qualifying relative dependent Your child has an Individual Tax Identification Number (ITIN), but doesn't have a Social Security number. You can review more information about the requirements for claiming the Credit for Other Dependents. Related Information: What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Which tax credit does my child qualify for? Why can’t I claim the Credit for Other Dependents (“Family Tax Credit”) in 2019? Wed, 26 Aug 2020 21:38:05 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/why-am-i-getting-the-credit-for-other-dependents-instead-of-the-child-tax-credit/01/27468#M113 TurboTax Help 2020-08-26T21:38:05Z https://ttlc.intuit.com/community/health-care/help/the-irs-is-requesting-form-8962/01/27409#M108 Form 8962 Premium Tax Credit is required when someone on your tax return had health insurance in 2019 through Healthcare.gov (or a state marketplace) and took the Advance Premium Tax Credit to lower their monthly premium. We'll help you create (or correct) the form in TurboTax. First, make sure you have a clean copy of your original tax return for your records. If you haven't already saved one, sign in to TurboTax Online and go to Tax Home or go to the Print Center in TurboTax CD/Download to print or save a PDF copy. If you're using TurboTax CD/Download, you may want to create a separate copy of your .tax2019 file by going to File and selecting Save As. Next, find your Form 1095-A. This won't be in TurboTax. You should have received a paper form in the mail from your marketplace. If you didn't receive a Form 1095-A, sign in to your Healthcare.gov account to download a copy. Select your first name to access your profile and look under Messages to find the notice that you have a Form 1095-A. (The instructions might be different if you used a state marketplace to get your coverage.) Once you've got it, follow the instructions&nbsp;below for your version of TurboTax. When you're done in TurboTax, you'll need to print out Form 8962 and mail or fax it to the IRS,&nbsp;along with any other ite... Mon, 07 Sep 2020 13:17:23 GMT https://ttlc.intuit.com/community/health-care/help/the-irs-is-requesting-form-8962/01/27409#M108 TurboTax Help 2020-09-07T13:17:23Z https://ttlc.intuit.com/community/credits-and-deductions/help/is-my-car-registration-fee-deductible/01/27212#M237 Yes, if it’s a yearly fee based on the value of your vehicle and you itemize your deductions. You can’t deduct the total amount you paid, only the portion of the fee that’s based on your vehicle’s value. And, not all states have value-based registration fees. The states that do are list below along with the deductible portion of your registration fee. States with deductible car registration fees and which portion you're allowed to claim &nbsp;Alabama &nbsp;The Ad Valorem Tax you paid on your vehicles &nbsp;Arizona &nbsp;The Vehicle License Tax (VLT) you paid on your vehicles &nbsp;California &nbsp;The Vehicle License Fee (VLF) portion of your registration fee &nbsp;Colorado &nbsp;The Ownership Tax you paid on your vehicles &nbsp;Indiana &nbsp;The Excise Tax Fees you paid on your vehicles &nbsp;Iowa &nbsp;The Vehicle Registration Fee you paid based on your vehicle's value &nbsp;Kentucky &nbsp;The Vehicle Registration Fee you paid based on your vehicle's value &nbsp;Louisiana &nbsp;The License Plate Fee you paid based on your vehicle’s value &nbsp;Massachusetts &nbsp;The Motor Vehicle Excise Tax you paid on your vehicles &nbsp;Michigan &nbsp;The License Fee you paid based on your vehicle's value, if the model year is 1984 and newer &nbsp;Minnesota &nbsp;The Registration Tax you paid on your vehicles &nbsp;Mississippi &nbsp;The Ad Valorem Tax you paid on your vehicles &nbsp;Missouri &nbsp;The Personal Prope... Mon, 07 Sep 2020 13:12:27 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/is-my-car-registration-fee-deductible/01/27212#M237 TurboTax Help 2020-09-07T13:12:27Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-property-real-estate-taxes-on-my-rental/01/27182#M135 If you rent it out and don't live there yourself, you can claim property taxes on your rental as an expense against your rental income. However, if you're renting out a portion of your own home, you're eligible for a prorated deduction for the portion of the home you live in with the remainder written off as a rental expense. Either way, enter the property tax where you enter all your other rental expenses. If you also live there, we'll calculate your personal deduction based on the portion you live in. Don't enter your property tax again in the&nbsp;Deductions &amp; Credits&nbsp;section, as we've already taken care of that in the rental section. Related Information: Where do I enter income and expenses from a rental property? What kinds of rental property expenses can I deduct? Where do I enter my real estate (property) taxes in TurboTax Online? What can I deduct when refinancing rental property? Where can I find out how much property (real estate) tax I paid? Related Information: Where do I enter income and expenses from a rental property? What kinds of rental property expenses can I deduct? Mon, 07 Sep 2020 13:12:08 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-property-real-estate-taxes-on-my-rental/01/27182#M135 TurboTax Help 2020-09-07T13:12:08Z https://ttlc.intuit.com/community/health-care/help/can-i-file-my-return-without-providing-information-about-my-health-insurance/01/27121#M200 Starting in 2019, there's no longer a penalty for not having health insurance starting. However, if you had health insurance through Marketplace or received a Form 1095-A, you'll need to fill out a Form 8962 to reconcile the Premium Tax Credit. We'll create this for you when you enter your info. Related Information: How much is the Affordable Care Act penalty? Can I get a health insurance penalty exemption for 2019? What doesn’t count as health insurance on my 2018 return? What counts as health insurance for my 2019 tax return? Related Information: What counts as health insurance for my 2019 tax return? What doesn’t count as health insurance on my 2018 return? What is the Affordable Care Act (ACA)? How much is the Affordable Care Act penalty? Can I get a health insurance penalty exemption for 2019? Mon, 07 Sep 2020 13:11:44 GMT https://ttlc.intuit.com/community/health-care/help/can-i-file-my-return-without-providing-information-about-my-health-insurance/01/27121#M200 TurboTax Help 2020-09-07T13:11:44Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-a-newborn-baby/01/27113#M133 You can claim a child born anytime in 2019 on your 2019 taxes, assuming they meet all the other&nbsp;dependent qualifications. A baby born in 2020 can be claimed on your 2020 taxes. When we ask how many months your newborn lived with you, always answer The whole year, even if your baby was born on the last day of 2019. The same holds true for any health care coverage questions if your newborn was insured from the date of birth. Related Information: Who can I claim as my dependent? How do I add or remove a dependent? Wed, 26 Aug 2020 20:55:45 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-a-newborn-baby/01/27113#M133 TurboTax Help 2020-08-26T20:55:45Z https://ttlc.intuit.com/community/credits-and-deductions/help/i-sold-my-home-what-can-i-deduct/01/27097#M212 If you sold a&nbsp;qualified home, you can make deductions up until the time you sold your home, which includes mortgage interest, mortgage insurance, points and real estate/property taxes. You should be able to see these on the 1098 from your lender. You can also deduct: Home improvement costs (which are more or less permanent changes to the house and not the same as repairs and maintenance) Mortgage interest and/or real estate/property taxes charged at closing (other than that, almost no closing costs are deductible) Look at Selling Your Home by the IRS for more in-depth information. Related Information: I bought a house, what can I deduct? Can I deduct mortgage points? Is the money I made from a home sale taxable? How do I handle multiple 1098 mortgage forms? What kinds of refinancing costs can I deduct? Related Information: I bought a house, what can I deduct? Can I deduct my moving expenses? Where do I enter my 1098 mortgage interest statement? Is the money I made from a home sale taxable? Can I deduct home improvements on my tax return? Can I claim property (real estate) taxes if I recently bought or sold my home? Mon, 07 Sep 2020 13:11:23 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/i-sold-my-home-what-can-i-deduct/01/27097#M212 TurboTax Help 2020-09-07T13:11:23Z https://ttlc.intuit.com/community/credits-and-deductions/help/i-bought-a-house-what-can-i-deduct/01/27096#M107 If you just bought a house, you may be able to deduct: Mortgage interest (including points) Property (real estate) tax Mortgage insurance (PMI or MIP) Unless it's a rental, you won't be able to deduct homeowner's insurance, repairs, or home improvements. Also, moving expenses are no longer deductible for most taxpayers. Be sure to hold onto your closing statement, as it lists expenses that could be deductible, like points and prepaid interest. Also, start saving your home improvement receipts. You won't be able to deduct those right now, but they can reduce your gain (along with any capital-gains tax) when you sell in the future. Related Information: Can I claim property (real estate) taxes if I recently bought or sold my home? Is the money I made from a home sale taxable? I sold my home, what can I deduct? Thu, 27 Aug 2020 00:04:42 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/i-bought-a-house-what-can-i-deduct/01/27096#M107 TurboTax Help 2020-08-27T00:04:42Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-the-property-tax-or-mortgage-on-a-foreign-home-loan/01/27095#M85 Foreign property (real estate) taxes aren't deductible on tax year 2018 through 2025 returns due to the Tax Cuts and Jobs Act. In 2017 and prior years, foreign property taxes could be deducted. You can still deduct the mortgage interest on a foreign property, assuming you meet the qualifications. More info Related Information: Where do I enter my 1098 mortgage interest statement? What if I don't have a 1098 mortgage interest statement? Tue, 11 Aug 2020 05:00:55 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-the-property-tax-or-mortgage-on-a-foreign-home-loan/01/27095#M85 TurboTax Help 2020-08-11T05:00:55Z https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-deduct-mortgage-interest-if-i-co-owned-the-home/01/27092#M209 There are different situations that affect how you deduct mortgage interest when co-owning a home. The co-owner is a spouse who is on the same return: Enter the full amount as it appears on the 1098. The 1098 has multiple names, but only one person is paying the mortgage/interest: Only the person who actually paid the interest can take the deduction. The 1098 has multiple names and multiple people are paying the mortgage/interest: Each can deduct their portion of interest paid. When entering the 1098 only enter the amount that you actually paid, not the full amount. The 1098 is in someone else's name (not a seller-financed loan), but you pay some or all of the mortgage/interest: In most cases you'd have to be the owner of the property to take the deduction. If you can prove you're the owner in every way but in name (constructive ownership), you could still be allowed to take the deduction.&nbsp;(You could get audited and have to prove constructive ownership. If the IRS doesn't allow the deduction, you may have to go to tax court and argue your case.)You’ll be able to explain in TurboTax why you’re taking the deduction. In the Deductions &amp; Credits section (where you enter mortgage interest), check The interest amount I entered is different than what's on my 1098 when entering your i... Mon, 07 Sep 2020 13:11:17 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-deduct-mortgage-interest-if-i-co-owned-the-home/01/27092#M209 TurboTax Help 2020-09-07T13:11:17Z https://ttlc.intuit.com/community/credits-and-deductions/help/i-refinanced-my-home-what-can-i-deduct/01/27091#M154 You may be able to&nbsp;deduct: Mortgage interest Points Real estate/property taxes You'll receive two 1098 forms. Enter both of them (first the one from your original loan, then the one from your refinance), but don't add them together. We'll need to know which loan was paid off. When you get to that screen be sure to indicate that it was paid off. You may also be able to deduct some items on your closing statement so have it handy. Don't worry, we'll help you enter the information as you go. If your mortgage was transferred from one company to another, you'll also receive two 1098 forms. This is pretty common and isn't considered refinancing. You're still paying off your original mortgage, even if it's now held by a different company. If you didn't get a new loan, then you haven't refinanced. Related Information: Where do I enter my 1098 mortgage interest statement? Where do I enter my real estate (property) taxes in TurboTax Online? How do I handle multiple 1098 mortgage forms? Thu, 27 Aug 2020 00:46:38 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/i-refinanced-my-home-what-can-i-deduct/01/27091#M154 TurboTax Help 2020-08-27T00:46:38Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-interest-on-a-home-equity-loan-or-a-heloc/01/27090#M199 The interest for a home equity loan or HELOC (home equity line of credit) is an allowable deduction if you itemize. You'll need to meet some conditions: The loan or line of credit is secured (put up as collateral to protect the lender) by your main home or a second home. The home securing the loan must have sleeping, cooking, and toilet facilities. The loan or line of credit must&nbsp;be used to buy, build or substantially improve your home. This requirement began with tax year 2018 and extends through 2025. You can only deduct the portion of the loan or line of credit you used to buy, build, or substantially improve the home that is used to secure the loan or line of credit. This requirement began with tax year 2018 and extends through 2025. If you’ve ever used part of this loan to pay for things other than this home, you cannot deduct the interest from that amount of the loan, even if the transaction didn’t take place this year. To get the full deduction, your mortgage debt doesn’t exceed $1,000,000 if you got your loan between October 13, 1987 and December 15, 2017 or $750,000 if you got your loan after December 15, 2017. You or someone on your tax return must have signed or co-signed the loan. If you rented out the home, you must have used the home more than 14 days during the ... Mon, 07 Sep 2020 13:11:14 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-interest-on-a-home-equity-loan-or-a-heloc/01/27090#M199 TurboTax Help 2020-09-07T13:11:14Z https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-check-in-turbotax-to-see-if-i-claimed-the-eic-and-or-actc/01/27029#M219 You’ll need to check your 1040 form to know if you’ve claimed either or both of the credits. To find your 1040 form in: TurboTax Online When in your account, select the Take Me to My Return button on the main screen. Select Tax Tools on the left side of the screen, then select the Tools option. Select View Tax Summary. &nbsp; TurboTax Online after you’ve filed Sign in and open your return. Under Your tax returns &amp; documents, select the tax year of the return. Select Download/print return PDF. &nbsp; TurboTax Desktop For Windows users: When in the program, select&nbsp;View. Then from the drop-down, select Forms. On the left under&nbsp;Forms in My Return, select your 1040 form. For Mac users: When in the program, select View. Then from the drop-down, select Go to Forms. On the left under Federal Forms, select your 1040 form. It will be on EIC line 17a, ACTC line 17b. Related Information: Some 2019 federal refunds are delayed due to the PATH Act What is the Additional Child Tax Credit? Related Information: Some 2019 federal refunds are delayed due to the PATH Act Mon, 07 Sep 2020 13:10:35 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-check-in-turbotax-to-see-if-i-claimed-the-eic-and-or-actc/01/27029#M219 TurboTax Help 2020-09-07T13:10:35Z https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-claim-the-health-coverage-tax-credit/01/27015#M140 Sign in to your account and select Continue to pick up where you left off in your tax return. From the upper right menu, select&nbsp;and search for&nbsp;TAA. Select the Jump to&nbsp;link at the top of your search results. This will take you directly to the Health Coverage Tax Credit section. We’ll ask you some questions to determine if you qualify for the credit, and you’ll also enter the amount of your qualified health insurance premiums. You'll need to attach certain documents that prove you were eligible to claim the credit, that your 2019 health insurance plan was qualified, and that the premiums claimed for your 2019 coverage were paid. Required documentation reflecting that you were an eligible individual for the months claimed in 2019: For trade certified individuals demonstrating TAA, alternative TAA, or reemployment TAA eligibility—a copy of the official letter from the Department of Labor, your state workforce agency or employment office stating you are eligible for trade adjustment benefits For PBGC eligibility—a copy of the official letter from the PBGC stating you received a benefit paid by the PBGC or a copy of your Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, from the PBGC showing you received a benefit pai... Tue, 11 Aug 2020 04:12:48 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-claim-the-health-coverage-tax-credit/01/27015#M140 TurboTax Help 2020-08-11T04:12:48Z https://ttlc.intuit.com/community/health-care/help/what-types-of-health-insurance-qualify-for-the-health-coverage-tax-credit/01/27014#M141 There are several types of health insurance that qualify you for the 2019 Health Coverage Tax Credit (HCTC). However, contributions by your employer or your spouse’s employer may limit your qualification. COBRA Group health plan available through the employment of your spouse Employee benefit plan funded by a voluntary employees’ beneficiary association (VEBA) Individual health insurance plan, not including coverage through a Health Insurance Marketplace State-qualified health plans established prior to January 1, 2014 Health insurance plans that don’t qualify for the credit: Health Insurance Marketplace coverage for 2019 Flexible spending or similar arrangements and any insurance that’s purchased separately and not paid for as a comprehensive package, like dental or vision plans For detailed eligibility information on qualified health insurance plans, follow this link. Related Information: What is the Health Coverage Tax Credit? Can I claim both the Health Coverage Tax Credit and the Premium Tax Credit? How do I claim the Health Coverage Tax Credit? How do I delete Form 8885, Health Coverage Tax Credit? Related Information: What is the Health Coverage Tax Credit? How do I claim the Health Coverage Tax Credit? Can I claim both the Health Coverage Tax Credit and the Premium Tax... Mon, 07 Sep 2020 13:10:22 GMT https://ttlc.intuit.com/community/health-care/help/what-types-of-health-insurance-qualify-for-the-health-coverage-tax-credit/01/27014#M141 TurboTax Help 2020-09-07T13:10:22Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-both-the-health-coverage-tax-credit-and-the-premium-tax-credit/01/27013#M142 Yes, you can claim both, but not for simultaneous coverage over the same time frame. In other words, you can’t claim both the HCTC and the PTC for the same coverage during the same coverage months. If you were enrolled in Health Insurance Marketplace coverage, you must reconcile any advance payments of the PTC you received. Enter your 1095-A as it appears in the Health Insurance tab and don’t claim any months for HCTC when you were insured under a Marketplace plan. Related Information: What types of health insurance qualify for the Health Coverage Tax Credit? How do I claim the Health Coverage Tax Credit? How do I delete Form 8885, Health Coverage Tax Credit? What is the Health Coverage Tax Credit? Related Information: How do I claim the Health Coverage Tax Credit? What is the Health Coverage Tax Credit? What types of health insurance qualify for the Health Coverage Tax Credit? How do I delete Form 8885, Health Coverage Tax Credit? Mon, 07 Sep 2020 13:10:20 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-both-the-health-coverage-tax-credit-and-the-premium-tax-credit/01/27013#M142 TurboTax Help 2020-09-07T13:10:20Z https://ttlc.intuit.com/community/health-care/help/what-is-the-health-coverage-tax-credit/01/27012#M136 The Health Coverage Tax Credit (HCTC) is a refundable tax credit that pays 72.5% of qualified health insurance premiums for eligible individuals and their families. If you qualify for HCTC, it’s claimed on Form 8885. To qualify for this credit, you must have received one of the following types of assistance: Eligible for the Trade Adjustment Assistance (TAA) program and received a Trade Readjustment Allowance or was entitled to receive TRA except you hadn’t exhausted your unemployment insurance Benefits under the Alternative Trade Adjustment Assistance (ATAA) program Benefits from the Reemployment Trade Adjustment Assistance (RTAA) program Pension benefit payments from the Pension Benefit Guarantee Corporation (PBGC) and be age 55 to 65 You are not eligible for the HCTC if you: Can be claimed as a dependent on another person’s federal income tax return Are enrolled in Medicare, Medicaid, the Children’s Health Insurance Program, or the Federal Employees Health Benefits Program or are eligible to receive benefits under the U.S. military health system (TRICARE) Related Information: What types of health insurance qualify for the Health Coverage Tax Credit? How do I claim the Health Coverage Tax Credit? Tue, 11 Aug 2020 04:11:45 GMT https://ttlc.intuit.com/community/health-care/help/what-is-the-health-coverage-tax-credit/01/27012#M136 TurboTax Help 2020-08-11T04:11:45Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-health-insurance-premiums-when-i-m-self-employed/01/26990#M76 You may be able to deduct medical, dental, and long-term care insurance premiums for yourself, your spouse, and your dependents if you or your jointly-filing spouse is self-employed. There are two ways to do this; through the self-employed health insurance deduction&nbsp;or as an&nbsp;itemized deduction. Self-employed health insurance deduction To get this deduction, your Schedule C must show a net profit. The deduction amount generally cannot exceed your net profit amount. If you (or your spouse if filing jointly) was eligible to participate in an employer's health plan during any given month – even if you declined the coverage – the premium you paid for that month cannot be claimed under this deduction. Health insurance premiums you paid for your child, even if you aren't claiming him/her as a dependent, is eligible for this deduction as long as your child was age 26 or younger at the end of 2019. The self-employed health insurance deduction shows up on Schedule 1, line 16. Itemized deduction Any out-of-pocket premiums you couldn't claim under the self-employed health insurance deduction can be used as an itemized deduction instead. You can't deduct insurance premiums paid with pretax or tax-free dollars, nor can you claim any premiums you already claimed under the self-employed healt... Mon, 07 Sep 2020 13:10:05 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-health-insurance-premiums-when-i-m-self-employed/01/26990#M76 TurboTax Help 2020-09-07T13:10:05Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-sales-tax-payments-can-i-claim-on-my-federal-taxes/01/26966#M169 If you're itemizing, you get to choose between deducting your&nbsp;state and local income taxes or your&nbsp;state sales taxes. You can't claim both and you can't claim either one if you're taking the Standard Deduction. If you go with the sales tax deduction, you can claim the sales taxes you paid on just about anything you bought, whether it was purchased online or locally, in-state or out-of-state, big or small. However, for tax years 2018 through 2025, the SALT deduction (which includes sales tax) is capped at $10,000. That means if the combined total of your sales tax, real estate tax, and personal property tax amounts to $15,000, you can only deduct $10,000 maximum. Related Information: Where do I enter my sales taxes paid? Which deduction should I choose, state and local income tax or sales tax? Tue, 11 Aug 2020 03:44:52 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-sales-tax-payments-can-i-claim-on-my-federal-taxes/01/26966#M169 TurboTax Help 2020-08-11T03:44:52Z https://ttlc.intuit.com/community/health-care/help/can-i-have-an-hsa-with-a-health-insurance-policy-other-than-an-hdhp/01/26965#M53 No. In order to contribute to health savings account (HSA), you must be enrolled in a&nbsp;high deductible health plan (HDHP)&nbsp;and you can't be enrolled in any of these other health plans: An employer-sponsored health policy that is not an HDHP Medicare A health FSA (whether yours or your spouse’s) TRICARE However, you can have insurance that provides benefits for: A specific disease or illness. A fixed amount per day (or other period) of hospitalization. Liabilities suffered under workers' compensation laws, tort liabilities, or liabilities related to ownership or use of property. VA benefits for hospital care or medical services for a service-related disability. Note: There are special rules for this situation. You're also allowed to have coverage, provided through insurance or otherwise, for: Dental care Vision care Long-term care Disability Accidents If you had an HSA when you lost HDHP coverage, then you're still eligible to keep the HSA. You'e just not eligible to contribute to it. You can continue to pay for qualified medical expenses until the HSA's funds are exhausted. Related Information: What is a health savings account (HSA)? What is a high-deductible health plan (HDHP)? Sat, 22 Aug 2020 17:07:28 GMT https://ttlc.intuit.com/community/health-care/help/can-i-have-an-hsa-with-a-health-insurance-policy-other-than-an-hdhp/01/26965#M53 TurboTax Help 2020-08-22T17:07:28Z https://ttlc.intuit.com/community/health-care/help/what-s-the-difference-between-hsa-and-msa/01/26964#M52 An MSA (medical savings account) is similar to an HSA (health savings account) in that both require the account holder to be covered by a high-deductible health plan, or HDHP. However, MSAs differ from HSAs in a few key areas: MSAs are restricted to self-employed individuals and small businesses with fewer than 50 employees. Annual contributions to an MSA can be made by either the employer or by the account holder – not both. MSA annual contribution limits are determined by the HDHP's deductible and taxpayer's income. Tue, 11 Aug 2020 03:44:46 GMT https://ttlc.intuit.com/community/health-care/help/what-s-the-difference-between-hsa-and-msa/01/26964#M52 TurboTax Help 2020-08-11T03:44:46Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualified-charitable-organization/01/26938#M210 It's an organization that has been granted tax-exempt status by the IRS and is eligible to receive tax-deductible charitable contributions. Examples of qualified charitable organizations: Churches, mosques, synagogues, temples, and other religious organizations Charities like Goodwill, United Way, Salvation Army, Red Cross, CARE, Boy/Girl Scouts, and Boys &amp; Girls Clubs of America Nonprofit schools, hospitals, and volunteer fire departments Veterans' and certain cultural groups Public parks and recreation facilities If you're not sure of the organization's charitable status, contact them directly or use the IRS Exempt Organizations Lookup Tool. Related Information: Can I deduct donations to charity? Do I need a receipt for my donation? How do I enter my 2019 charitable donations in TurboTax? Tue, 11 Aug 2020 03:36:41 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualified-charitable-organization/01/26938#M210 TurboTax Help 2020-08-11T03:36:41Z https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-home-energy-credit-being-carried-forward-to-next-year/01/26937#M41 There are times when you can't take the credit in the current year: Your income is at a level that's not taxed at all. You're getting other tax credits that have reduced your tax owed to zero. If your credit can be carried forward to next year, we'll do that for you. Related Information: Can I claim energy-efficient appliances or energy-saving home improvements? Where do I enter qualified energy-saving improvements? Related Information: Can I claim energy-efficient appliances or energy-saving home improvements? Mon, 07 Sep 2020 13:09:36 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-home-energy-credit-being-carried-forward-to-next-year/01/26937#M41 TurboTax Help 2020-09-07T13:09:36Z https://ttlc.intuit.com/community/college-and-education/help/why-didn-t-i-get-a-credit-or-deduction-for-education-expenses/01/26936#M145 To get a credit for education expenses, you have to pay tuition or related costs for yourself, your spouse, or a dependent on your return. If you paid tuition or other education expenses for someone who's claimed on another person's return, you won't qualify. Here are other common reasons you might not qualify: You're filing your return as Married Filing Separately. Your adjusted gross income (AGI) is too high. American Opportunity Tax Credit AGI limit is $90,000 ($180,000 for joint returns). Lifetime Learning Credit AGI limit is $68,000 ($136,000 for joint returns). Your expenses were paid with tax-free scholarships, fellowships, grants, education savings account funds, tax-free savings bond interest, or employer-provided education assistance. Related Information: Who is eligible to take the American Opportunity Tax Credit? What expenses qualify for the American Opportunity Tax Credit? Who is eligible for the Lifetime Learning Credit? What expenses qualify for the Lifetime Learning Credit? What is the Tuition and Fees Deduction? Tue, 11 Aug 2020 03:30:48 GMT https://ttlc.intuit.com/community/college-and-education/help/why-didn-t-i-get-a-credit-or-deduction-for-education-expenses/01/26936#M145 TurboTax Help 2020-08-11T03:30:48Z https://ttlc.intuit.com/community/credits-and-deductions/help/are-premiums-for-long-term-care-insurance-deductible/01/26923#M66 Premiums for qualified* long-term care insurance policies are deductible on your 2019 federal taxes (if you itemize) up to these per-person amounts. Like any other medical expense, you have to itemize to get the deduction. $420 — under age 41 as of December 31, 2019 $790 — age 41–50 as of December 31, 2019 $1,580 — age 51–60 as of December 31, 2019 $4,220 — age 61–70 as of December 31, 2019 $5,270 — age 71 or higher as of December 31, 2019 Some states also have their own long-term care credit or deduction; when you do your state taxes, we'll let you know if your state offers tax breaks for long-term care. *A qualified long-term care insurance policy is guaranteed renewable, has no cash surrender value, doesn't cover Medicare-reimbursed expenses, nor uses any refund to reduce future premiums (except in death or cancelation). Related Information: Where do I enter my long-term care premiums? Related Information: Where do I enter my long-term care premiums? Mon, 07 Sep 2020 13:09:29 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/are-premiums-for-long-term-care-insurance-deductible/01/26923#M66 TurboTax Help 2020-09-07T13:09:29Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-would-cause-me-to-have-to-repay-the-first-time-homebuyer-credit-ahead-of-schedule/01/26873#M24 You'd have to repay the credit ahead of schedule, in part or in full, if: You turn the home into a rental or began using it for business, rather than as your primary residence. You sell the home to a related person, def as&nbsp;spouse, your ancestors (parents and grandparents), or lineal descendants (children and grandchildren), as well as your spouse's ancestors or lineal descendants. You sell (or give up the home in foreclosure) to a non-related person and profited from the sale. Your home is destroyed and you don't plan to acquire another one within two years of the event. You must include all remaining installments as additional tax on the tax return for the year in which the two-year period ends. If your home is destroyed and you acquire (or plan to acquire) another main home within two years of the catastrophe, you'll continue to repay the installments as if nothing happened. Certain events may reduce or eliminate repayment, like: You sell your home or stop using it as your main home to fulfill U.S. government orders for a qualified official extended duty service. If you or your spouse is a member of the uniformed services, Foreign Service, or an employee of the intelligence community, you do not need to repay the credit. You sell the house (or give it up in foreclosure) to a... Mon, 07 Sep 2020 13:06:20 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-would-cause-me-to-have-to-repay-the-first-time-homebuyer-credit-ahead-of-schedule/01/26873#M24 TurboTax Help 2020-09-07T13:06:20Z https://ttlc.intuit.com/community/credits-and-deductions/help/for-the-first-time-homebuyer-credit-how-would-the-irs-know-if-i-sold-the-home/01/26872#M26 The IRS relies on a combination of third-party information and self-reporting. Related Information: How do I repay the 2008 first-time homebuyer credit? Mon, 17 Aug 2020 12:13:14 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/for-the-first-time-homebuyer-credit-how-would-the-irs-know-if-i-sold-the-home/01/26872#M26 TurboTax Help 2020-08-17T12:13:14Z https://ttlc.intuit.com/community/business-expenses/help/what-is-macrs-and-macrs-convention/01/26869#M63 MACRS stands for Modified Accelerated Cost Recovery System and is the most commonly-used tax depreciation method, the other being Section 179&nbsp;(which technically isn't a depreciation method). Without getting into too much detail, MACRS is accelerated depreciation that allows for a larger deduction while the asset is still new. By comparison,&nbsp;straight-line depreciation gives you the same deduction year after year over the asset's useful life. MACRS cannot be used for intangible property, nor can it be used to depreciate: Films, videotapes, or recordings Assets put into service prior to 1987 and some&nbsp;types of assets used in 1986 Certain corporate or partnership property acquired in a non-taxable transfer MACRS convention determines the number of months for which you can claim depreciation during a partial year, either when you first placed the asset in service or when you disposed of it. The mid-month convention only applies to residential rental property, nonresidential real property, and railroad grading or tunnel bore. It simply means that you get a half month's worth of depreciation no matter when that asset was placed into (or taken from) service during that month, whether that was at the beginning, middle, or end of the month. The half-year convention works the same way but... Tue, 11 Aug 2020 03:01:44 GMT https://ttlc.intuit.com/community/business-expenses/help/what-is-macrs-and-macrs-convention/01/26869#M63 TurboTax Help 2020-08-11T03:01:44Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-section-179-deduction/01/26868#M64 Instead of depreciating an asset over a multi-year period, you might be able to deduct its entire cost during the first year of use. This is called a Section 179 deduction, also (erroneously) called Section 179 depreciation. Think of it as instant gratification when it comes to deducting the cost of a newly-purchased business asset. To qualify for a Section 179 deduction, the asset must be: Tangible (you're able to touch it, which excludes intangible assets like patents or copyrights) Purchased (not leased) for business use Used more than 50% in your business Placed in service (purchased, acquired, or converted to business use) during the current tax year Acquired from a non-related party The Section 179 deduction can't be claimed for business assets that were acquired in a tax-free exchange or from a person or entity with whom you share a close relationship as specified by the IRS. You can't claim a Section 179 deduction for more than $1,000,000 in qualified assets. The deduction is reduced if the total of all Section 179 assets you placed in service during the tax year exceeds $2,500,000. Your Section 179 deduction amount can't exceed your net business income for the year, but if it does, you can carry the excess over to a future tax year. Finally, you must retain business u... Thu, 20 Aug 2020 21:36:10 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-section-179-deduction/01/26868#M64 TurboTax Help 2020-08-20T21:36:10Z https://ttlc.intuit.com/community/business-expenses/help/what-is-a-section-179-recapture/01/26867#M65 To meet the conditions of the Section 179 deduction, you must continue to use the asset more than 50% in your business until the asset has reached the end of its useful life. If you stopped using the asset in your business before the end of its useful lifespan for whatever reason (such as it was sold, destroyed, or stolen) or the business use of the asset dropped below 50%, the Section 179 conditions are no longer being met and the IRS will instead apply&nbsp;regular MACRS depreciation to that asset. The difference between the Section 179 deduction and the "used up" portion of MACRS depreciation is called a Section 179 recapture and must be reported as income. Related Information: What is a Section 179 deduction? What is MACRS and MACRS convention? Tue, 11 Aug 2020 03:01:39 GMT https://ttlc.intuit.com/community/business-expenses/help/what-is-a-section-179-recapture/01/26867#M65 TurboTax Help 2020-08-11T03:01:39Z https://ttlc.intuit.com/community/credits-and-deductions/help/if-a-parent-claims-me-as-a-dependent-can-i-claim-the-education-tax-credit/01/26863#M188 No. If someone claims you as a dependent on their tax return, only that person can claim a credit for your qualified education expenses. Related Information: Tue, 11 Aug 2020 02:55:43 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/if-a-parent-claims-me-as-a-dependent-can-i-claim-the-education-tax-credit/01/26863#M188 TurboTax Help 2020-08-11T02:55:43Z https://ttlc.intuit.com/community/credits-and-deductions/help/if-i-put-5-500-into-an-ira-today-will-that-lower-my-taxes-by-5-500/01/26862#M123 No. If you contribute $6,000 to a Traditional IRA, you can deduct up to $6,000 from your taxable income—not your tax bill. It's a tax deduction, not a dollar-for-dollar tax credit. If you open a Traditional IRA for $6,000 (or contribute $6,000 to an existing account), it would reduce the amount of income you get taxed on by up to $6,000. In the 22% tax bracket, that translates to $1,320 off your tax bill. If you put $6,000 into a Roth IRA you won't get any deduction at all, but you'll get other benefits later. Related Information: Is an IRA deductible? How much of my Traditional IRA contribution is deductible in 2019? Tue, 11 Aug 2020 02:54:53 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/if-i-put-5-500-into-an-ira-today-will-that-lower-my-taxes-by-5-500/01/26862#M123 TurboTax Help 2020-08-11T02:54:53Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-american-opportunity-tax-credit-and-which-ones-do-not/01/26847#M180 The following expenses qualify for the American Opportunity Tax Credit: Expenses paid for yourself, spouse, or dependent on your return Qualified education expenses that are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution Student-activity fees, but only if the fees are paid to institutions as a condition of enrollment Expenses paid for books, supplies, and equipment needed for a course of study, whether or not purchased from the educational institution The following expenses don't qualify for the American Opportunity Tax Credit: Insurance Medical expenses (including student health fees) Room and board Transportation or similar personal, living, or family expenses This is the case even if these expenses are paid to the institution as a condition of enrollment or attendance. Related Information: What education tax credits are available? Who is eligible to take the American Opportunity Tax Credit? Who is eligible for the Lifetime Learning Credit? What expenses qualify for the Lifetime Learning Credit? Tue, 11 Aug 2020 02:41:51 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-american-opportunity-tax-credit-and-which-ones-do-not/01/26847#M180 TurboTax Help 2020-08-11T02:41:51Z https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-for-the-lifetime-learning-credit/01/26846#M179 One of the advantages of the Lifetime Learning Credit is that you can take the credit every year for higher education, as long as you meet all of these qualifying requirements: You, your dependent, or a third party paid qualified education expenses for higher education. The qualified education expenses were for an eligible student. The eligible student is you, your spouse, or a dependent on your tax return. For the full credit, your MAGI (modified adjusted gross income) is less than $58,000 ($116,000 if you are filing jointly). For a reduced credit, your MAGI is between $58,000 and $68,000 ($116,000 and $136,000 if you're filing jointly). Related Information: What education tax credits are available? Who is eligible to take the American Opportunity Tax Credit? What expenses qualify for the American Opportunity Tax Credit? What expenses qualify for the Lifetime Learning Credit? Sat, 12 Sep 2020 00:40:17 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-for-the-lifetime-learning-credit/01/26846#M179 TurboTax Help 2020-09-12T00:40:17Z https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-to-take-the-american-opportunity-tax-credit/01/26845#M178 Qualifications for claiming the American Opportunity Tax Credit are: You paid an eligible student's&nbsp;qualified education expenses for higher education at any college, university, or vocational school with a student aid program administered by the US Department of Education. The eligible student is you, your spouse, or a dependent on your return. For the full credit, your MAGI (modified adjusted gross income) is less than $90,000 ($180,000 if you're filing jointly). For a reduced credit, your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you're filing jointly). An eligible student is defined as a student who: Is enrolled at least half-time in a program leading to a degree, certificate, or other recognized credential. Had at least one academic period beginning during the year. Didn't claim the American Opportunity Tax Credit for more than three previous years. Didn't complete the first four years of post-secondary education before the beginning of the year. The American Opportunity Tax Credit cannot be claimed on Married Filing Separately returns nor under any of these conditions: The student is a dependent on someone else's return. The student is a nonresident alien (unless the student's spouse is a resident and they file a joint return treating both as residents... Tue, 11 Aug 2020 02:41:45 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-to-take-the-american-opportunity-tax-credit/01/26845#M178 TurboTax Help 2020-08-11T02:41:45Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/01/26844#M177 Generally, if you paid for qualified education expenses for an academic period beginning in any tax year or in the first three months of the next year, then you're allowed to take the Lifetime Learning Credit. Qualified expenses are tuition and certain related expenses required for enrollment at an eligible institution. The course must be either part of a post-secondary degree program or taken by the student to acquire or improve job skills. Student activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses are paid to the institution as a condition of enrollment or attendance. The maximum Lifetime Learning Credit you can claim in a year is 20% of the first $10,000 of qualified education expenses you paid for all eligible students (or up to $2,000). The credit is reduced (phased out) if your modified adjusted gross income (MAGI) is between $57,000 and $67,000 ($114,000 to $134,000 if married filing jointly). Since this isn't a refundable credit, the credit can't be more than your tax liability. Related Information: What education tax credits are available? Who is eligible to take the American Opportunity Tax Credit? What expenses qualify for the American Opportunity Tax Credit? Who is ... Tue, 11 Aug 2020 02:41:04 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/01/26844#M177 TurboTax Help 2020-08-11T02:41:04Z https://ttlc.intuit.com/community/health-care/help/i-m-on-my-parents-1095-a-form-what-do-i-do-on-my-return/01/26821#M5 If you're listed as a dependent on your parents’ tax return, you won't have any health insurance questions to answer on your own return. TurboTax will tell you Since someone is claiming you on their 2019 taxes, you don't have to complete Health Insurance. I'm on parents' health plan but not on their tax return, and I got my own 1095-A At enrollment, your parents told the Marketplace that you aren't on their return. That’s why you received your own 1095-A to enter its information on your return. When TurboTax asks you if you are sharing your health plan, don’t check the box. I'm on my parents' health plan but not on their tax return, I didn't get a 1095-A and there are amounts in column C on my parents' 1095-A In this case, TurboTax will ask you to enter a 1095-A. You'll enter the information from your parents' 1095-A. The next screen will ask you about your health plan being shared, so check the box. Then you'll see a screen asking for shared policy information. You enter the following: Enter the social security number in box 5 (recipient's SSN) on your parents' 1095-A Enter the starting month and ending month that you had the insurance Now you'll be asked to enter percentages for Your Premium, Second lowest cost silver plan (SLCSP) and advanced payment. You should see amounts... Fri, 28 Aug 2020 17:08:43 GMT https://ttlc.intuit.com/community/health-care/help/i-m-on-my-parents-1095-a-form-what-do-i-do-on-my-return/01/26821#M5 TurboTax Help 2020-08-28T17:08:43Z https://ttlc.intuit.com/community/health-care/help/what-is-slcsp/01/26816#M43 SLCSP stands for Second Lowest Cost Silver Plan, which is the second-lowest priced health insurance plan in the Silver category that was available when you applied for insurance at Healthcare.gov or your&nbsp;state’s Health Insurance Marketplace. It's the standard used to calculate your Premium Tax Credit, even if you're on a different plan. In most cases, you'll find your SLCSP premium on your 1095-A in column B. You can use the&nbsp;Health coverage tax tool to get your SLCSP if it isn't on your 1095-A. Related Information: Where do I enter my 1095-A? Mon, 17 Aug 2020 08:22:40 GMT https://ttlc.intuit.com/community/health-care/help/what-is-slcsp/01/26816#M43 TurboTax Help 2020-08-17T08:22:40Z https://ttlc.intuit.com/community/credits-and-deductions/help/how-does-the-earned-income-credit-or-eic-affect-my-refund/01/26803#M60 If you qualify for the Earned Income Credit (known as the EIC or EITC), you can receive hundreds or thousands of dollars in credits that reduce how much, dollar for dollar, you’ll pay in taxes. If the credit eliminates your tax bill completely and there's some of the credit left over, you may get that extra money back in a refund. Here’s an example: Joe and Julie have a 10-year-old child, Rory. Filing jointly, Joe and Julie earned $35,000 between their two jobs. Claiming Rory on their tax return, they received a total EIC of roughly $1,569. The following year, Julie got a raise at work, bumping up the money the couple made to $40,000. They still claimed Rory on their return, but because they made more money that year, their total EIC dropped to around $770. When you qualify, the credit amount will go up as you earn more income, but once you earn too much, it will go down eventually to zero. We won't only tell you if you qualify for the EIC, we'll figure out exactly how much you’ll receive. Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)? What is a qualifying child for the Earned Income Credit (EIC) in 2019? Tue, 11 Aug 2020 02:19:55 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/how-does-the-earned-income-credit-or-eic-affect-my-refund/01/26803#M60 TurboTax Help 2020-08-11T02:19:55Z https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-you-define-major-purchase-or-major-item-for-the-sales-tax-deduction/01/26790#M129 When we ask if you bought any major items while living in your state, answer Yes if you purchased: A motorized vehicle (car, truck, RV, motorcycle, etc.—sorry, no mopeds). An aircraft, boat, mobile home, or manufactured home, but only if you paid the general sales tax rate (otherwise it doesn't apply). Building materials for a major renovation or substantial addition to a home, if you paid the general sales tax rate yourself or your contractor was authorized to purchase these materials per your instructions or building contract. Otherwise, answer No,&nbsp;even if the items you purchased were expensive or really big. Still not sure? Here's the offical IRS definition. Related Information: Can I deduct the sales tax on home renovation or construction? Can I claim the sales tax deduction? Tue, 11 Aug 2020 02:13:46 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-you-define-major-purchase-or-major-item-for-the-sales-tax-deduction/01/26790#M129 TurboTax Help 2020-08-11T02:13:46Z https://ttlc.intuit.com/community/credits-and-deductions/help/who-can-i-claim-as-my-dependent/01/26781#M193 You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2019 taxes as long as they meet the following requirements: Qualifying child They're related to you. They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They're under the age of 19 (or 24 for full-time students). No age limit for permanently and totally disabled children. They lived with you for more than half the year (exceptions apply). They didn't provide more than half of their own support for the year. Qualifying relative They don't have to be related to you (despite the name). They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They lived with you the entire year. They made less than $4,200 in 2019. You provided more than half of their financial support. When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent. Related Information: Does a dependent for 2019 have to live with me? What does "financially suppo... Tue, 11 Aug 2020 02:12:43 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/who-can-i-claim-as-my-dependent/01/26781#M193 TurboTax Help 2020-08-11T02:12:43Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-alimony-i-paid-to-my-ex-spouse/01/26775#M22 You can deduct alimony paid to a former spouse as long the divorce or separation agreement is executed by December 31, 2018. Alimony payments resulting from agreements executed after that date can no longer be deducted due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. The same holds true for agreements modified after 2018 if the new version specifically states that the TCJA treatment of nondeductible alimony payments now applies. To enter your alimony payments: Sign in to TurboTax and open or continue your return. Search for alimony paid. Select the Jump to link in the search results. Answer Yes on the&nbsp;Did you pay alimony to a former spouse in 2019?&nbsp;screen and follow the onscreen instructions. Unlike alimony payments, you can't deduct child support. Read more. Related Information: Do I need to report alimony I received from a former spouse? Do I need to include child support on my federal taxes? Thu, 27 Aug 2020 01:07:12 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-alimony-i-paid-to-my-ex-spouse/01/26775#M22 TurboTax Help 2020-08-27T01:07:12Z https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-child-tax-credit-smaller-than-last-year-s/01/26758#M162 If your 2019 Child Tax Credit is less&nbsp;than your 2018 credit, it's probably because one or more children celebrated their 17th birthday in 2019. Other, less common reasons your 2019 Child Tax Credit is less than your 2018 credit include: One or more children lived with you for less than half the year in 2019 but lived with you for half the year (or more) in 2018. One or more children paid more than half of their own expenses in 2019, but didn't in 2018. Your 2019 AGI increased to $400,000 or more (joint filers) or $200,000 or more (all others). See the qualifications for the&nbsp;Child Tax Credit and the Credit for Other Dependents. Related Information: Why can't I claim any Child Tax Credit this year? What is the Child Tax Credit? What is the Additional Child Tax Credit? Why don't I qualify for EIC? Why is my 2019 Child Tax Credit smaller than last year's? Related Information: Why can't I claim any Child Tax Credit this year? What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Mon, 07 Sep 2020 13:04:56 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-child-tax-credit-smaller-than-last-year-s/01/26758#M162 TurboTax Help 2020-09-07T13:04:56Z https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-tax-credits-and-deductions-affect-my-refund/01/26752#M224 Tax credits and deductions are commonly confused, but each affect your refund in a different way. Here's a quick explanation: Tax credits, dollar-for-dollar, reduce the amount of taxes you owe. If you claim more credits than you owe in taxes, you may end up owing nothing, and in certain situations, getting additional money back. Tax deductions reduce the amount of income you'll be taxed on. If you make $45,000 and claim $2,000 in deductions, you'll be taxed as if you made $43,000 when you file. The IRS will pay you the difference in your refund. <A href="https://youtu.be/BfmILqzCrVM" target="_blank">https://youtu.be/BfmILqzCrVM</A> Related Information: Why doesn't my refund increase when I enter a deduction? Who is eligible to take the American Opportunity Tax Credit? Where do I enter my estimated tax payments? Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)? What is the Child and Dependent Care Credit? Who is eligible to take the American Opportunity Tax Credit? Mon, 07 Sep 2020 13:04:53 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-tax-credits-and-deductions-affect-my-refund/01/26752#M224 TurboTax Help 2020-09-07T13:04:53Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-examples-of-education-expenses/01/26750#M125 Education expenses can be complex, but we'll simplify them for you. Here are examples of what you can and can't deduct: You can deduct:&nbsp; Tuition Enrollment fees Expenses paid to school, on condition of enrollment (lab fees, for example) Certain books, supplies, and course-related equipment Expenses listed above (for the following semester), as long as the semester begins in the first three months of 2020 Education expenses paid with cash, checks, credit cards and savings accounts Education expenses paid with loans, gifts and inheritances You can't deduct: Room and board Fees for non-degree courses (sports, games or hobbies),&nbsp;except when the course or activity is part of the student’s degree program. For the Lifetime Learning Credit only, these expenses qualify if the course helps the student acquire or improve job skills. Insurance Medical expenses or student fees Transportation or mileage Fees for maintaining or acquiring a license (broker, CPA, etc.) Tutoring expenses Private high school or grade school fees High school or private school uniforms Undergraduate and graduate application fees Daycare expenses Homeschool expenses Contributions to a student's Coverdell Education Savings Account Related Information: What are qualified education expenses for the American Opportunit... Mon, 07 Sep 2020 13:04:51 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-examples-of-education-expenses/01/26750#M125 TurboTax Help 2020-09-07T13:04:51Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-additional-child-tax-credit/01/26730#M201 The&nbsp;Additional&nbsp;Child Tax Credit&nbsp;isn't a credit you get for additional children; rather, it's the leftover portion of the&nbsp;Child Tax Credit&nbsp;(up to $1,400) that you're eligible to receive if the Child Tax Credit wipes out your tax liability for the year. For example, let's say you qualify for the full $2,000 Child Tax Credit but your&nbsp;tax liability&nbsp;for the year is only $750. You'd get $750 back from the Child Tax Credit (the amount needed to reduce your tax liability to $0) and the remaining $1,250 as the Additional Child Tax Credit. Qualifications for the Additional Child Tax Credit are the same as for the Child Tax Credit, with one more condition: your&nbsp;earned income&nbsp;must be at least $2,500. Related Information: What is the Child Tax Credit? What does "tax liability" mean? Is that the amount I still owe? What is earned income? Some 2019 federal refunds are delayed due to the PATH Act Related Information: What is the Child Tax Credit? What does "tax liability" mean? Is that the amount I still owe? What is earned income? What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Mon, 07 Sep 2020 13:04:27 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-additional-child-tax-credit/01/26730#M201 TurboTax Help 2020-09-07T13:04:27Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-deductions-can-homeowners-take/01/26718#M59 If you own a home, you may be able to deduct: Mortgage interest (including points) Property (real estate) tax Mortgage insurance (PMI or MIP) Refinancing costs Unless it's a rental, you won't be able to deduct homeowner's insurance, repairs, or home improvements. Related Information: What is the Premium Tax Credit (Related to health insurance)? Can I deduct my mortgage? Where do I enter the home office deduction for my business? What is the Tuition and Fees Deduction? Related Information: Where do I enter my 1098 mortgage interest statement? Mon, 07 Sep 2020 13:04:18 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-deductions-can-homeowners-take/01/26718#M59 TurboTax Help 2020-09-07T13:04:18Z https://ttlc.intuit.com/community/business-expenses/help/what-tax-breaks-can-i-get-for-my-1099-misc/01/26716#M54 If you're self-employed, you get to claim expenses related to your work. Common expenses for the self-employed include: Car and truck expenses Gas Office supplies Mobile phones Web hosting Marketing Travel We have this covered. We'll ask about your work expenses to find you as many tax savings as we can. Related Information: How is being self-employed different from being an employee? Where do I enter a 1099-MISC? If I didn't get a 1099-MISC, do I still need to report the income? Even if it's less than $600? What is TurboTax Self-Employed? Related Information: Where do I enter a 1099-MISC? How is being self-employed different from being an employee? Mon, 07 Sep 2020 13:04:14 GMT https://ttlc.intuit.com/community/business-expenses/help/what-tax-breaks-can-i-get-for-my-1099-misc/01/26716#M54 TurboTax Help 2020-09-07T13:04:14Z https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-can-you-claim-if-you-weren-t-required-to-get-insurance/01/26712#M190 The Tax Cuts and Jobs Act eliminated the Affordable Care Act penalty starting with tax year 2019. The information below applies to tax year 2018 returns. The &nbsp;Affordable Care Act requires that you either have health insurance or pay a penalty on your taxes, unless you qualify for one of these penalty exemptions: You spent 330 days or more outside U.S. in 2018 You were a resident of foreign country or U.S. territory in 2018 You were not a U.S. resident in 2018 You’re a member of a health care sharing ministry in 2018 You’re an Indian tribe member or eligible for Indian health care You spent time in jail during 2018 After you complete the Health Insurance section, if you or anyone on your tax return wasn't insured, we’ll check to see if they&nbsp;can get a health insurance exemption. If so, we’ll waive the tax penalty. Related Information: Can I get a health insurance penalty exemption for 2019? What health care penalty exemptions are there for financial hardships? How much is the Affordable Care Act penalty? Related Information: Can I get a health insurance penalty exemption for 2019? Mon, 31 Aug 2020 13:24:48 GMT https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-can-you-claim-if-you-weren-t-required-to-get-insurance/01/26712#M190 TurboTax Help 2020-08-31T13:24:48Z https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-are-there-for-financial-hardships/01/26711#M117 The 2017 Tax Cuts and Jobs Act (also known as tax reform) eliminated the Affordable Care Act penalty starting in tax year 2019. The ACA penalty still applies to 2016, 2017, and 2018 returns. If one of the following hardships kept you from getting health insurance in 2016, 2017, or 2018, you can apply for a penalty exemption before you file your taxes. If approved, you'll qualify to get back all or some of your penalty. Healthcare.gov has instructions on how to apply for a hardship exemption. You may qualify if you had any of the following hardships: You were homeless. You were evicted or were facing eviction or foreclosure. You received a shut-off notice from a utility company. You experienced domestic violence. You experienced the death of a family member. You experienced a fire, flood, or other natural or human-caused disaster that caused substantial damage to your property. You filed for bankruptcy. You had medical expenses you couldn't pay that resulted in substantial debt. You experienced unexpected increases in necessary expenses due to caring for an ill, disabled, or aging family member. You claim a child as a tax dependent who’s been denied coverage for Medicaid and CHIP, and another person is required by court order to give medical support to the child. In this case y... Tue, 11 Aug 2020 01:30:52 GMT https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-are-there-for-financial-hardships/01/26711#M117 TurboTax Help 2020-08-11T01:30:52Z https://ttlc.intuit.com/community/health-care/help/do-i-have-to-pay-the-health-insurance-penalty-if-i-m-unemployed/01/26709#M78 The ACA penalty applies to 2017 and 2018 returns, but was eliminated for tax years 2019–2025 with the 2017 Tax Cuts and Jobs Act (aka Tax Reform).&nbsp; The Affordable Care Act requires that you either have health insurance or pay a penalty on your taxes, unless you qualify for an exemption based on your situation. Being unemployed is not one of those exemptions. However, if your 2018 income is below the amount that requires you to file a federal tax return, you can claim a health coverage exemption and won’t have to pay the penalty for 2018. Once you answer the questions in the Health Insurance section of your federal return, we'll check to see if you qualify for this exemption and tell you what you need to do next. &nbsp; Related Information: Can I get a health insurance penalty exemption for 2019? How much is the Affordable Care Act penalty? Do I have to pay taxes on unemployment? Tue, 11 Aug 2020 01:30:49 GMT https://ttlc.intuit.com/community/health-care/help/do-i-have-to-pay-the-health-insurance-penalty-if-i-m-unemployed/01/26709#M78 TurboTax Help 2020-08-11T01:30:49Z https://ttlc.intuit.com/community/health-care/help/can-i-avoid-paying-the-health-insurance-penalty/01/26707#M119 Although the 2017 Tax Cuts and Jobs Act eliminated the Affordable Care Act penalty on federal tax returns, the District of Columbia, Massachusetts, and New Jersey continue to assess a health insurance penalty for uninsured taxpayers.&nbsp;Vermont requires health insurance but as of now, there is no penalty for noncompliance. California and Rhode Island plan to impose penalties on most taxpayers who are without health insurance in 2020. Related Information: What is the Affordable Care Act (ACA)? Tue, 11 Aug 2020 01:30:44 GMT https://ttlc.intuit.com/community/health-care/help/can-i-avoid-paying-the-health-insurance-penalty/01/26707#M119 TurboTax Help 2020-08-11T01:30:44Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualifying-child-for-the-earned-income-credit-eic/01/26686#M13 To count as a qualifying child for EIC, your child must have a valid Social Security number (not an ITIN). She or he must also: Be your child (including legally adopted), stepchild, eligible foster child, sibling, half-sibling, step-sibling, or a descendant of any of them (for example, your grandchild or niece);&nbsp;and Be permanently and totally disabled or under the age of 19 as of December 31, 2019 (under 24 if a full-time student) and younger than you (or your spouse, if filing jointly);&nbsp;and Have lived with you (or your spouse, if filing jointly) for more than half the year in the United States (unless you were in the military);&nbsp;and Not file jointly with their spouse unless they weren't required to file but did so anyway to claim a tax refund. Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)? What is earned income? Can I qualify for the Earned Income Credit if I didn't work, was unemployed, or am not required to file a return? Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)? Mon, 07 Sep 2020 13:03:56 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualifying-child-for-the-earned-income-credit-eic/01/26686#M13 TurboTax Help 2020-09-07T13:03:56Z https://ttlc.intuit.com/community/health-care/help/what-if-a-family-member-is-on-my-marketplace-plan-but-is-not-listed-on-my-tax-return/01/26677#M191 If at the time of enrollment of a family member, you indicated that this person will not be a dependent on your 2019 tax return, that person will receive their own Form 1095-A and their name will not be on Part II of your 1095-A. You may need to share this information if someone else claims the dependent on their tax return such as in divorce situations. Tue, 11 Aug 2020 01:10:50 GMT https://ttlc.intuit.com/community/health-care/help/what-if-a-family-member-is-on-my-marketplace-plan-but-is-not-listed-on-my-tax-return/01/26677#M191 TurboTax Help 2020-08-11T01:10:50Z https://ttlc.intuit.com/community/credits-and-deductions/help/do-i-need-to-enter-a-1095-b/01/26673#M122 No. The IRS doesn't need any details from your 1095-B. This form is for your records only. We'll ask a few questions about your health care coverage after your finish entering your deductions and credits. Related Information: How do I show I had health insurance on my 2018 tax return? Do I need to enter my 1095-C? What counts as health insurance for my 2019 tax return? What is the Premium Tax Credit (Related to health insurance)? Mon, 07 Sep 2020 13:03:53 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/do-i-need-to-enter-a-1095-b/01/26673#M122 TurboTax Help 2020-09-07T13:03:53Z https://ttlc.intuit.com/community/health-care/help/how-do-i-show-i-had-health-insurance-on-my-tax-return/01/26672#M75 To show you had health insurance coverage for 2018, Select&nbsp;Federal on the left-side menu Select the Health Insurance tab on the top menu Follow the prompts For the 2018 filing season, the IRS will not accept your electronically filed tax return unless you indicate whether you had coverage, had an exemption, or will make a shared responsibility payment. In addition, returns filed on paper that do not address the health coverage requirements may be suspended pending the receipt of additional information and any refunds may be delayed. If you purchased health coverage through Healthcare.gov or a state Marketplace, you’ll receive a 1095-A form. We’ll ask you to enter the info from your 1095-A in the Health Insurance section so we can calculate your Premium Tax Credit. If your health insurance coverage wasn't purchased through the Marketplace, you'll get a 1095-B or 1095-C form. You won’t need to enter this form — the Premium Tax Credit is only available for Marketplace plans. Just answer the questions in the Health Insurance section and keep the 1095-B or 1095-C for your records. Follow this link to find out&nbsp;what counts as health insurance, or call your health insurance provider and ask if your plan is recognized as minimum essential coverage. Related Information: What counts as h... Tue, 11 Aug 2020 01:09:46 GMT https://ttlc.intuit.com/community/health-care/help/how-do-i-show-i-had-health-insurance-on-my-tax-return/01/26672#M75 TurboTax Help 2020-08-11T01:09:46Z https://ttlc.intuit.com/community/credits-and-deductions/help/should-i-take-the-premium-tax-credit-in-advance-as-a-monthly-subsidy/01/26671#M73 It depends; there are advantages and disadvantages to doing it this way. If you opt to take the credit as a monthly subsidy, it reduces your monthly payments. However, if your&nbsp;family's situation changes, you don't update your original estimates, you run the risk of having to pay back some or all of the credit on your tax return. On the other hand, claiming the credit when you file eliminates the risk of having to pay it back, but of course that means you won't getting a monthly discount. Related Information: What is the Premium Tax Credit (Related to health insurance)? Tue, 11 Aug 2020 01:09:43 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/should-i-take-the-premium-tax-credit-in-advance-as-a-monthly-subsidy/01/26671#M73 TurboTax Help 2020-08-11T01:09:43Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-doesn-t-count-as-health-insurance-on-my-return/01/26670#M74 The products and programs listed below may help you pay for certain medical services, but they don't meet the Affordable Care Act (ACA) minimum requirement for health insurance. If this is the only coverage you have, you may have to pay the penalty. Other types of insurance: Dental plans Vision plans Car insurance Homeowner’s insurance Travelers insurance Accident or disability policies Short-term plans and long-term care plans Limited government programs: Workers' compensation Short-term Medicaid for medically needy, emergency or 209b coverage and pregnancy-related services Supplemental Medicare like Part D and Medigap,&nbsp;or enrolled in Medicare Part B only TRICARE plans that only cover care at military hospitals and clinics (aka "direct care" or "line of duty care") Limited individual plans: Plans that offer only discounts on medical services Plans that offer coverage only for a specific disease or condition Plans that pay you a set amount if you are sick or in the hospital If you're not sure if the coverage you had counts, call your provider and ask if your plan is recognized as minimum essential coverage. Related Information: What counts as health insurance for my 2019 tax return? What is the Affordable Care Act (ACA)? How much is the Affordable Care Act penalty? Can I get a... Tue, 11 Aug 2020 01:09:41 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-doesn-t-count-as-health-insurance-on-my-return/01/26670#M74 TurboTax Help 2020-08-11T01:09:41Z https://ttlc.intuit.com/community/health-care/help/what-is-medicare/01/26668#M197 Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD). The different parts of Medicare help cover specific services, like hospital stays, hospice care, doctors' and preventative services, outpatient care, medical supplies, and prescription drug coverage. Medicare Part A and Part C (Medicare Advantage) both qualify as minimum essential coverage (MEC) for the Affordable Care Act (ACA). Am I eligible? You're eligible for Medicare if you're 65 and older or have certain disabilities, including End-Stage Renal Disease. To find out if you're eligible, use the Medicare Eligibility Tool at Medicare.gov. How do I enroll? To enroll in Medicare, visit your local Social Security office or sign up online at SocialSecurity.gov. Related Information: What is the Premium Tax Credit (Related to health insurance)? Where do I enter my 1095-A? What’s my state Marketplace? How do I report and pay the Kiddie Tax on my 2019 return? What is earned income? Mon, 07 Sep 2020 13:03:47 GMT https://ttlc.intuit.com/community/health-care/help/what-is-medicare/01/26668#M197 TurboTax Help 2020-09-07T13:03:47Z https://ttlc.intuit.com/community/health-care/help/what-s-my-state-marketplace/01/26666#M137 Below is a list of the states with their own Health Insurance Marketplaces. If your state is not listed, use Healthcare.gov or call 800-318-2596. California: Covered California or call 800-300-1506 Colorado: Connect for Health Colorado or call 855-752-6749 Connecticut: Access Health CT or call 855-805-4325 District of Columbia: DC Health Link or call 855-532-5465 Idaho: Your Health Idaho or call 855-944-3246 Kentucky: kynect: Kentucky Health Benefit Exchange&nbsp;or call 855-459-6328 Maryland: Maryland Health Connection or call 855-642-8572 Massachusetts: Massachusetts Health Connector or call 877-623-6765 Minnesota: MNSure or call 855-366-7873 Nevada: Nevada Health Link&nbsp;or call 855-547-2927 New Mexico:&nbsp; BeWellNM or call 833-862-3935 New York State: NY State of Health or call 855-355-5777 Rhode Island: HealthSource RI&nbsp;or call 855-840-4774 Vermont: Vermont Health Connect or call 855-899-9600 Washington State: Washington Healthplanfinder or call 855-923-4633 Tue, 18 Aug 2020 14:53:20 GMT https://ttlc.intuit.com/community/health-care/help/what-s-my-state-marketplace/01/26666#M137 TurboTax Help 2020-08-18T14:53:20Z https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-student-loan-interest-form-1098-e/01/26659#M10 Here's how to enter your student loan interest. Follow these instructions whether or not you received a 1098-E from your lender: Open (continue) your return in TurboTax if you don't already have it open. Search for 1098-E (upper- or lower-case, with or without the dash). Select the Jump to&nbsp;link&nbsp;in the search results. Answer Yes to the question Did you pay any student loans? If you land on the Here's your 1098-E info&nbsp;(or Here's what you paid in student loan interest)&nbsp;screen, you can either edit an existing payment or add a new one. Follow the onscreen instructions. <A href="https://youtu.be/ANfOn47F5JI" target="_blank">https://youtu.be/ANfOn47F5JI</A> Related Information: Can I claim my student loan? Mon, 17 Aug 2020 06:31:32 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-student-loan-interest-form-1098-e/01/26659#M10 TurboTax Help 2020-08-17T06:31:32Z https://ttlc.intuit.com/community/business-expenses/help/how-do-i-allocate-expenses-for-2-home-offices/01/26657#M124 In TurboTax, that'll depend on whether the offices were for the same business or for two different businesses. Select your situation below for instructions. Each business has its own separate home office If you maintain a separate office for each business (for example business #1 in the spare bedroom and business #2 in the basement), simply provide&nbsp;the requested details for each office space as you enter each business into TurboTax. We'll use this info (square footage, etc.) to calculate the expense allocations for each office. Two different home offices for the same business This is when you move to a new home during the tax year, or you move your office to a different location inside your home. (Expenses for multiple offices used concurrently for the same business in the same home are treated as though they belong to a single office.) TurboTax supports up to 2 different home offices per Schedule C business, but only one office is allowed to use the simplified method, per IRS rules. When you get to the home office section in TurboTax, we'll ask if you had more than one home office during the tax year (answer "Yes") and if these offices were in the same home (answer "No"). Eventually, you'll be asked for each office's percentage of use (this'll be filled in if you're using the... Tue, 11 Aug 2020 00:56:47 GMT https://ttlc.intuit.com/community/business-expenses/help/how-do-i-allocate-expenses-for-2-home-offices/01/26657#M124 TurboTax Help 2020-08-11T00:56:47Z https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-job-related-employee-expenses-form-2106/01/26651#M25 Note: These instructions mainly (but not exclusively)&nbsp;apply to 2017 or earlier tax year returns. Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the unreimbursed employee expenses deduction has been suspended in tax years 2018 through 2025. There are some exceptions where you can still use Form 2106 through tax year 2025, including if you were an Armed Forces reservist, qualified performing artist, fee-basis state or local government official, or an employee with impairment-related work expenses. State taxes: Job-related expenses might be deductible in your state even if they’re not deductible on your federal return. You can enter your expenses as below and we’ll figure out if you can deduct them. If you’re self-employed or own a business, enter your business-related expenses on Schedule C instead. Instructions Here's how to enter your job-related expenses in TurboTax 2017 or earlier (or TurboTax 2018 or 2019 if you meet the requirements mentioned above): Open (continue) your return in TurboTax if it's not already open. In TurboTax, search for 2106 and then select the Jump to link in the search results. At the Tell us about the occupation you have expenses for screen, enter your occupation, then select&nbsp;Continue. If you land on the Job... Mon, 07 Sep 2020 13:03:12 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-job-related-employee-expenses-form-2106/01/26651#M25 TurboTax Help 2020-09-07T13:03:12Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-2-rule/01/26650#M214 The 2% rule referred to the limitation on certain miscellaneous itemized deductions, which included things like unreimbursed job expenses, tax prep, investment, advisory fees, and safe deposit box rentals. In 2017 and earlier tax years, wage-earners and other taxpayers who weren’t able to write these off as business expenses were allowed to deduct the portion of these miscellaneous expenses that exceeded 2% of their AGI, provided they took the itemized deduction. These miscellaneous expenses were reported on Form 2106. Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the deduction for these 2% miscellaneous expenses has been suspended in tax years 2018 through 2025. However, this doesn’t affect: Self-employed individuals and businesses who can continue to deduct business-related expenses on Schedule C as before People who work in one of these specific professions or situations Armed Forces reservist Qualified performing artist Fee-basis state or local government official You're disabled and have impairment-related expenses Your job-related expenses may still be allowed on your state return. Enter your expenses and we’ll figure out if you can deduct them. Related Information: Which federal tax deductions have been suspended by tax reform? Tue, 11 Aug 2020 00:49:50 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-2-rule/01/26650#M214 TurboTax Help 2020-08-11T00:49:50Z https://ttlc.intuit.com/community/charitable-contributions/help/are-nonprofits-considered-qualified-charitable-organizations/01/26642#M68 Not necessarily. While most qualified charitable organizations happen to be nonprofits, simply having nonprofit status doesn't automatically make an organization eligible to receive tax-deductible contributions. To determine if the organization you donated to is eligible, ask them if they are a qualified organization for charitable purposes or search for them in the IRS Exempt Organizations lookup tool (select the first radio button before searching). Related Information: Can I deduct donations to charity? Is volunteer work deductible? What is a qualified charitable organization? Related Information: Can I deduct donations to charity? Mon, 07 Sep 2020 13:03:00 GMT https://ttlc.intuit.com/community/charitable-contributions/help/are-nonprofits-considered-qualified-charitable-organizations/01/26642#M68 TurboTax Help 2020-09-07T13:03:00Z https://ttlc.intuit.com/community/credits-and-deductions/help/is-volunteer-work-deductible/01/26641#M69 Although you can't deduct the value of your time or service, you can deduct expenses related to volunteering for a qualified organization as long as those expenses are: Directly and solely connected with the volunteer work you provided Not reimbursed Not considered personal, living, or family expenses For example, if you voluntarily fixed up an elderly neighbor's house one weekend, it wouldn't be deductible because it wasn't done through a qualified charitable organization. However, if you did similar voluntary work through a qualified organization, you could deduct mileage to and from the job site as well as any unreimbursed supplies you purchased to carry out the work. However, you wouldn't be able to deduct the value of your time or expertise, nor could you deduct your meals or the cost of a babysitter (those are living/family expenses). To enter eligible expenses related to voluntary charity work, follow the same directions for entering charitable donations. Related Information: How do I enter my 2019 charitable donations in TurboTax? Are nonprofits considered qualified charitable organizations? What is ItsDeductible? Can I deduct donations to charity? Related Information: Are nonprofits considered qualified charitable organizations? How do I enter my 2019 charitable donat... Mon, 07 Sep 2020 13:02:55 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/is-volunteer-work-deductible/01/26641#M69 TurboTax Help 2020-09-07T13:02:55Z https://ttlc.intuit.com/community/credits-and-deductions/help/do-401-k-contributions-qualify-for-the-saver-s-credit/01/26639#M79 If you qualify, a portion of your 401(k) contributions can count towards the Retirement Savings Contribution Credit, more commonly known as the Saver's Credit. The maximum credit you can qualify for has doubled since last year; $4,000 if you're filing jointly, $2,000 for all other filing statuses. Related Information: What is the 2019 Saver's Credit? Tue, 11 Aug 2020 00:42:43 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/do-401-k-contributions-qualify-for-the-saver-s-credit/01/26639#M79 TurboTax Help 2020-08-11T00:42:43Z https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-real-estate-property-taxes-in-turbotax-online/01/26633#M14 If these are taxes for rental property you own, enter your property taxes in the same place you enter your other rental expenses. If you're a homeowner, your property taxes are entered in the Deductions &amp; Credits section: Sign in and open your return if you're not already in it. Inside TurboTax, search for property tax and select the Jump to link at the top of your search results. Answer Yes to the question Did you pay property or real estate taxes in 2019? Enter your property/real estate taxes on the next screen. Important Additional Information When your property/real estate taxes are included on your 1098, you’ll enter them as part of your Mortgage Interest in the property or real estate tax field. If they aren't listed on your 1098, you’ll enter them separately as property/real estate taxes. Tip: If you own additional properties for personal use (like a cabin or timeshare), make sure to include the property/real estate payments for those as well. Related Information: Where can I find out how much property (real estate) tax I paid? Can I deduct property (real estate) taxes? What's the difference between real estate tax, property tax, and personal property tax? What if my property (real estate) taxes are paid through my mortgage lender? Where do I enter income and expenses f... Mon, 07 Sep 2020 12:59:26 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-real-estate-property-taxes-in-turbotax-online/01/26633#M14 TurboTax Help 2020-09-07T12:59:26Z https://ttlc.intuit.com/community/credits-and-deductions/help/are-home-repairs-or-maintenance-costs-deductible/01/26631#M18 On rental property, yes.&nbsp;On a personal residence, no. Related Information: Can I deduct home improvements on my tax return? What kinds of rental property expenses can I deduct? Can I claim energy-efficient appliances or energy-saving home improvements? Related Information: Can I deduct home improvements on my tax return? What kinds of rental property expenses can I deduct? Mon, 07 Sep 2020 12:59:25 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/are-home-repairs-or-maintenance-costs-deductible/01/26631#M18 TurboTax Help 2020-09-07T12:59:25Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-homeowner-s-insurance/01/26630#M20 You aren't allowed to deduct the cost of homeowner's insurance for things like fire, casualty, or theft on your personal residence. However, you may be able to deduct a pro-rated portion&nbsp;of your home insurance as part of the home office deduction. Homeowner's insurance on your rental property can also be deducted as a rental expense. Related Information: Can I deduct private mortgage insurance (PMI or MIP)? Can I take the home office deduction? Are home repairs or maintenance costs deductible? Can I still itemize my deductions? What's the difference between real estate tax, property tax, and personal property tax? Related Information: Can I take the home office deduction? What kinds of rental property expenses can I deduct? Mon, 07 Sep 2020 12:59:22 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-homeowner-s-insurance/01/26630#M20 TurboTax Help 2020-09-07T12:59:22Z https://ttlc.intuit.com/community/health-care/help/why-am-i-showing-an-excess-hsa-contribution/01/26610#M215 For 2019, the maximum combined&nbsp;total&nbsp;that you, your employer, and/or any other eligible person can contribute to your HSA account is: $3,500 if you're under 55 at the end of 2019 and are covered by an individual (self-only) HDHP; $7,000 if you're under 55 at the end of 2019 and are covered by a family HDHP; $4,500 if you're 55 or older at the end of 2019 and are covered by an individual (self-only) HDHP; $8,000 if you're 55 or older at the end of 2019 and are covered by a family HDHP. Spouses on separate plans: The $7,000 family limit applies to married couples even if one spouse is covered by a family plan and the other spouse has their own individual plan. In this scenario, the couple may split their respective contributions any way they like, as long as the couple's total contribution doesn't exceed $7,000. (Spouses 55 or older at the end of 2019 are allowed to contribute an additional $1,000 to their own HSA.) If the 2019 HSA contribution exceeds the allowable amount, the excess must be withdrawn by July 15, 2020 to avoid a penalty (October 15 if you filed an extension). Double-check your entries We recommend revisiting the HSA entry screens to make sure the excess contribution wasn't due to an entry error. Here's how: With your return open, search for hsa inside your prog... Tue, 08 Sep 2020 18:50:25 GMT https://ttlc.intuit.com/community/health-care/help/why-am-i-showing-an-excess-hsa-contribution/01/26610#M215 TurboTax Help 2020-09-08T18:50:25Z https://ttlc.intuit.com/community/health-care/help/why-is-my-hsa-distribution-taxable/01/26609#M230 An HSA distribution – money spent from your HSA account – is nontaxable as long as it's used to pay for&nbsp;qualified medical expenses. HSA distributions used for anything other than qualified medical expenses are not only taxable, they're subject to an additional 20% penalty if you're not disabled or are under the age of 65. After you enter your&nbsp;1099-SA, we'll ask&nbsp;Did you spend all the money you took out on medical expenses?&nbsp;If you answer Yes, the entire distribution in Box 1 of your 1099-SA is nontaxable. However, if you answer No,&nbsp;the portion that wasn't used for qualified medical expenses becomes taxable income. This income appears on Form 8889, line 16 and Schedule 1, line 8. The 20% additional penalty, if applicable, will show up on Line 17b of your 8889 and Schedule 2, line 8. Related Information: What kinds of medical expenses are deductible? Where do I enter my HSA contribution? Can I deduct medical costs paid with HSA or MSA funds? What is a health savings account (HSA)? Why am I showing an excess HSA contribution in 2019? Fri, 11 Sep 2020 17:39:42 GMT https://ttlc.intuit.com/community/health-care/help/why-is-my-hsa-distribution-taxable/01/26609#M230 TurboTax Help 2020-09-11T17:39:42Z https://ttlc.intuit.com/community/health-care/help/why-doesn-t-my-refund-change-after-i-enter-my-medical-expenses/01/26608#M40 It's probably because you're taking the standard deduction. To get the medical expense deduction, the sum of all your itemized deductions (which also includes things like donations and property taxes) must exceed your standard deduction amount. You're only allowed to deduct medical expenses that go above and beyond 7.5% of your AGI. For example, let’s say Linda is filing a single return and is itemizing this year. Her AGI is $35,000 and she had $4,000 in medical bills during 2019. She can only deduct $500 of these expenses ($4,000 minus 7.5% of her AGI = $4,000 minus $3,500 = $500). Related Information: How do I change from the standard deduction to itemized (or vice-versa)? Why doesn't my refund increase when I enter a deduction? What's my standard deduction for 2019? Tue, 11 Aug 2020 00:14:50 GMT https://ttlc.intuit.com/community/health-care/help/why-doesn-t-my-refund-change-after-i-enter-my-medical-expenses/01/26608#M40 TurboTax Help 2020-08-11T00:14:50Z https://ttlc.intuit.com/community/health-care/help/what-is-a-high-deductible-health-plan-hdhp/01/26606#M62 High-deductible health plans, or HDHPs, are health insurance plans with lower premiums and higher deductibles than traditional health plans. For 2019, an HDHP's deductible starts at $1,350 for an individual plan and $2,700 for a family plan. Out-of-pocket expenses such as in-network co-pays, deductibles, and coinsurance (but not premiums) cannot exceed $6,750 or $13,500 for individual and family plans, respectively. HDHP enrollment is required to make contributions to an HSA (health savings account). However, not every health plan with a high deductible meets the IRS definition of an HDHP, as there are additional qualifications required. Check with your employer or the insurance carrier to confirm that your policy is an HDHP if you're not sure. Related Information: What is a health savings account (HSA)? Tue, 11 Aug 2020 00:14:45 GMT https://ttlc.intuit.com/community/health-care/help/what-is-a-high-deductible-health-plan-hdhp/01/26606#M62 TurboTax Help 2020-08-11T00:14:45Z https://ttlc.intuit.com/community/credits-and-deductions/help/am-i-allowed-to-deduct-medical-expenses-i-haven-t-paid-for-yet/01/26549#M6 You're only allowed to claim medical expenses that you already paid to the provider. For example, if you're making monthly payments to the hospital for last year's operation, you can only deduct what you paid so far, not what the total operation will eventually cost you. But if you charged the entire bill to your credit card which you're still paying off, you can claim the full cost. The IRS defines the "paid date" as: The date you put the bill on your credit card The date you mailed or delivered the check or money order The date the charge appeared on your statement, if you paid the bill online or via telephone Related Information: What kinds of medical expenses are deductible? Where do I enter my medical expenses? Mon, 10 Aug 2020 23:31:46 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/am-i-allowed-to-deduct-medical-expenses-i-haven-t-paid-for-yet/01/26549#M6 TurboTax Help 2020-08-10T23:31:46Z https://ttlc.intuit.com/community/credits-and-deductions/help/what-kinds-of-medical-expenses-are-deductible/01/26548#M4 You probably already know that you can deduct things like medical and dental fees, co-pays, eyeglasses, prescriptions, lab fees, surgery, and hospital facility fees. But did you know you can also deduct dentures, contact lens cleaning solution, hearing aid batteries, crutches, mileage to and from the doctor, and expenses for a service dog? See this IRS page on medical expenses to learn which expenses you're allowed to deduct. Some health-related expenses cannot be claimed per IRS rules&nbsp;like nonprescription supplements, vitamins, over-the-counter medications, toothpaste, health club memberships, and medical marijuana (even if it's legal in your state). See this IRS list of common, but nondeductible medical expenses. Be sure to document each medical expense you claim with receipts, credit card statements, mileage records, (etc.) and keep them with your tax records. Tip: You can deduct the portion of medical expenses that exceeds 7.5% of your adjusted gross income (AGI) for 2019. Related Information: Can I deduct health insurance premiums taken from my paycheck? Can I deduct medical costs paid with HSA or MSA funds? Can I deduct Medicare premiums? Am I allowed to deduct medical expenses I haven't paid for yet? Why doesn't my refund change after I enter my medical expenses? Where ... Mon, 10 Aug 2020 23:25:49 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/what-kinds-of-medical-expenses-are-deductible/01/26548#M4 TurboTax Help 2020-08-10T23:25:49Z https://ttlc.intuit.com/community/tax-credits-deductions/help/where-do-i-enter-my-medical-expenses/01/26547#M2 Medical, dental, and vision expenses are reported on&nbsp;Schedule A and entered in the Deductions &amp; Credits section. With your return open, search for Schedule A&nbsp;and then select the Jump to link in the search results. Answer Yes on the&nbsp;Did you have any medical expenses in 2019? screen. Enter your medical expenses, starting with prescriptions, on the following screens. Related Information: What kinds of medical expenses are deductible? Why doesn't my refund change after I enter my medical expenses? Where do I enter my health insurance premiums in TurboTax Home &amp; Business if I'm self-employed? Am I allowed to deduct medical expenses I haven't paid for yet? Mon, 10 Aug 2020 23:25:46 GMT https://ttlc.intuit.com/community/tax-credits-deductions/help/where-do-i-enter-my-medical-expenses/01/26547#M2 TurboTax Help 2020-08-10T23:25:46Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medicare-premiums/01/26546#M8 Medicare Part A&nbsp;premiums aren't deductible if you're covered under Social Security or if you're a government employee who paid Medicare tax. However, if you aren't covered under Social Security (nor a government employee who paid Medicare tax) and you voluntarily enrolled in Medicare A, you can deduct those premiums. Premiums for the other Medicare programs—Part B (supplemental medical insurance), Part C (Medicare Advantage), and Part D (voluntary prescription drug insurance)—are deductible. Related Information: Where do I enter my medical expenses? What kinds of medical expenses are deductible? Can I deduct medical, dental, and vision expenses? Why doesn't my refund change after I enter my medical expenses? Related Information: Where do I enter my medical expenses? Mon, 07 Sep 2020 12:58:09 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medicare-premiums/01/26546#M8 TurboTax Help 2020-09-07T12:58:09Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medical-costs-paid-through-my-hsa-or-msa/01/26545#M57 The IRS won't let you deduct medical expenses paid with HSA or MSA funds. Those funds are already tax-free and deducting them as medical expenses would be double-dipping. When you get to the medical deduction section in TurboTax, enter all your medical expenses, including those you paid from your HSA or MSA. We'll subtract the portion paid from your HSA/MSA (as reported on your 1099-SA form) so you don't deduct them again as medical expenses. Mon, 10 Aug 2020 23:24:55 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medical-costs-paid-through-my-hsa-or-msa/01/26545#M57 TurboTax Help 2020-08-10T23:24:55Z https://ttlc.intuit.com/community/business-expenses/help/can-i-claim-the-home-office-deduction-for-two-or-more-businesses/01/26540#M37 Yes, you can claim the same home office space if you have more than one Schedule C business, but you can't deduct the office expenses multiple times. You'll have to split this expense between the businesses so that you’re only claiming the total square footage space once on your return. Here are a few examples of how you might choose to divide the space among your businesses: Divide it based on time. For example, if you use your entire office for each of your businesses, but use it for one business 60% of the time and another for 40% of the time, you could divide the square feet of the space 60/40. Divide it based on space. For example, if you have two businesses and one office measuring 100 square feet, you could enter 50 square feet for each business. Divide it based on a combination of time and space. For example, you might have special equipment for one business that uses 50% of your office space. You use the other 50% for both businesses, splitting your time equally. As a result, you would enter 75% of your home office square footage for your first business and 25% for your second business. Whatever method you choose, when you start entering home office expenses, enter the full amounts you paid during the time you used the space for either office. Do the same for your oth... Mon, 07 Sep 2020 12:58:01 GMT https://ttlc.intuit.com/community/business-expenses/help/can-i-claim-the-home-office-deduction-for-two-or-more-businesses/01/26540#M37 TurboTax Help 2020-09-07T12:58:01Z https://ttlc.intuit.com/community/business-expenses/help/what-qualifies-as-principal-place-of-business-for-the-home-office-deduction/01/26539#M35 One requirement for the home office deduction is that you use a part of your home as your principal place of business. This doesn't necessarily mean that the majority of your business activities need to take place in your home office. What it does mean is that you use your home office&nbsp;regularly and exclusively&nbsp;to administer or manage your business and that substantial administration/managerial activities aren't conducted at any other fixed location. Example: Larry just started his consulting business and has designated a spare bedroom as his office which is used exclusively for business. About 85% of his time is spent outside the home, meeting potential clients in various restaurants and coffee shops. However, he does all his scheduling, planning, and bookkeeping from his home office. These administrative and managerial activities qualify his home office as his principal place of business, even though he's spending 85% of his time outside of his home office. If you have a regular job in addition to self-employment: The "principal place of business" question refers to your self-employment activities, not your regular job. Related Information: Can I take the home office deduction? Mon, 10 Aug 2020 23:18:45 GMT https://ttlc.intuit.com/community/business-expenses/help/what-qualifies-as-principal-place-of-business-for-the-home-office-deduction/01/26539#M35 TurboTax Help 2020-08-10T23:18:45Z https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-the-home-office-deduction-for-my-business/01/26538#M39 To enter your home office expense along with other common business expenses: Open or continue your return. Search for Schedule C and select the Jump to link in the search results. If this is your first time entering info about your business, you’ll be asked some questions to start. If you have already entered some info about your business, click Edit next to your business. Proceed through any additional screens. You might want to enter your&nbsp;1099-MISC,&nbsp;1099-K, cash, and personal check income from your self-employment before you associate any expenses with your business, but this is not required. You'll be asked What kind of expenses did you have for [type of work]?&nbsp;Select Home office. You can also select any other expense categories that apply to your business. Select Continue at the bottom of the screen when you're done. On the&nbsp;Here's your [type of work]&nbsp;info screen, scroll down to the Expenses section, and select&nbsp;Start&nbsp; next to Home office. Enter the info about your home office. Related Information: Can I take the home office deduction? Where do I enter a 1099-MISC? How do I enter a 1099-K in TurboTax Online? Fri, 28 Aug 2020 16:43:13 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-the-home-office-deduction-for-my-business/01/26538#M39 TurboTax Help 2020-08-28T16:43:13Z https://ttlc.intuit.com/community/business-expenses/help/what-does-regular-and-exclusive-use-mean/01/26537#M38 One requirement for the home office deduction is that you regularly use a part of your home exclusively for conducting business. Example: Let's say you turned an unused bedroom into your office and installed a computer with its own high-speed connection. You go in there 4–6 days every week for your self-employed job building websites. The room is used strictly for business—contacting prospects and clients, meeting with them, and working on their websites. In this case, your office would meet the regular and exclusive use requirement. On the other hand, if you or a family member occasionally go into your office so they can watch movies or play games on your computer, your office is no longer being exclusively used for business. Similarly, if you work out of your office occasionally or sporadically, it wouldn't be used regularly. Related Information: Can I take the home office deduction? What qualifies as "Principal Place of Business" for the home office deduction? Related Information: Can I take the home office deduction? Mon, 07 Sep 2020 12:57:59 GMT https://ttlc.intuit.com/community/business-expenses/help/what-does-regular-and-exclusive-use-mean/01/26537#M38 TurboTax Help 2020-09-07T12:57:59Z https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-still-itemize-my-deductions/01/26528#M203 When you finish going through the Deductions &amp; Credits section, we'll automatically give you the deduction, Standard or itemized, that gives you the best outcome on your federal taxes. We estimate that nearly 90% of federal tax filers will be better off taking the higher Standard Deduction. If you still want to switch to the itemized deduction, you can do that. Follow these instructions. With state returns, things are a little different. Some states, like Illinois and Massachusetts, don't have itemized deductions, while others, like New York, require that you choose the same deduction you took on your federal return. When you get to your state return, we'll let you know what’s available according to your state's tax laws. Related Information: How does the Standard Deduction differ from itemizing deductions? How do I change from the standard deduction to itemized (or vice-versa)? What's my standard deduction for 2019? Can I deduct private mortgage insurance (PMI or MIP)? How will tax reform affect my 2018 federal tax return? Related Information: How do I change from the standard deduction to itemized (or vice-versa)? How does the Standard Deduction differ from itemizing deductions? Mon, 07 Sep 2020 12:57:50 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-still-itemize-my-deductions/01/26528#M203 TurboTax Help 2020-09-07T12:57:50Z https://ttlc.intuit.com/community/business-expenses/help/what-can-i-expense-or-depreciate-with-the-business-safe-harbor-election/01/26516#M31 When items are purchased for a business, a decision is made whether it’s an expense that you deduct all of the cost now, or you deduct the cost over multiple years (depreciation). There are two elections you can make. One is used to deduct items with a cost of $2,500 or less instead of depreciating. The second election deals with deducting improvements to business buildings. These elections are available for Schedule C businesses, rentals, farms, and farm rentals. For 2019, items $2,500 or less Items that cost $2,500 or less can be taken as an expense this year and don’t have to be depreciated over time. To do this, an annual election must be made. It’s called the De Minimis Safe Harbor election. How do I do this with TurboTax? After entering your business expenses, you will go to the Assets/Depreciation area. The first screen will ask: Did you buy any items that each cost $2,500 or less in 2019? It’s asking about any items that you haven’t entered yet as expenses. If you say Yes, here’s the next screen: We ask a couple of questions and if you say Yes they both apply to you, we ask if you want to take the election to expense items costing $2,500 or less. If you say Yes to that question, TurboTax will add the De Minimis Safe Harbor Election form to your tax return. The next scr... Thu, 27 Aug 2020 22:03:27 GMT https://ttlc.intuit.com/community/business-expenses/help/what-can-i-expense-or-depreciate-with-the-business-safe-harbor-election/01/26516#M31 TurboTax Help 2020-08-27T22:03:27Z https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-a-qualifying-person-for-the-child-and-dependent-care-credit/01/26476#M236 For the purposes of the Child and Dependent Care Credit, a "Qualifying Person" is defined as one of the following: A child that was age 12 (or younger) for at least part of 2019 and who is also claimed as a dependent on your return. If the child turns 13 during the year, the child will qualify for the part of the year that he or she was under age 13. Exception: See special rules for divorced or separated parents, below Your spouse, if s/he is unable to care for themselves and lived in your home for at least 6 months during 2019 Anybody who lived in your home for at least 6 months during 2019 and was unable to care for themselves, if they: Are claimed as a dependent on your return, or Could have been claimed as your dependent but weren't because their gross income was $4,200 or more, s/he filed a joint return, or you (or your jointly-filing spouse) could be claimed as a dependent on somebody else's 2019 return. TurboTax will figure out if the person(s) for whom you provided care meet these requirements. Special rules for children of parents who are divorced, separated, or living apart Even if you can't claim your child as a dependent, he or she is treated as your qualifying person if: The child either: Was 12 or under or wasn't physically or mentally able to care for himself or... Thu, 27 Aug 2020 00:20:58 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-a-qualifying-person-for-the-child-and-dependent-care-credit/01/26476#M236 TurboTax Help 2020-08-27T00:20:58Z https://ttlc.intuit.com/community/credits-and-deductions/help/does-preschool-tuition-count-for-the-child-and-dependent-care-credit/01/26466#M7 Yes. Nursery school, preschool, and similar pre-kindergarten programs are considered child care by the IRS.&nbsp;Summer day camps also count as child care. Expenses for overnight summer camps, kindergarten, and first grade (or higher) don't qualify for the Child and Dependent Care credit. However, expenses for before- and/or after-school care of a child in kindergarten or higher grade can be considered child care. Related Information: What is the Child and Dependent Care Credit? Wed, 26 Aug 2020 23:59:44 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/does-preschool-tuition-count-for-the-child-and-dependent-care-credit/01/26466#M7 TurboTax Help 2020-08-26T23:59:44Z https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-any-child-tax-credit-this-year/01/26459#M118 If you got the Child Tax Credit last year, but not this year, it's probably because: Your child (or children, in the case of twins or triplets) celebrated their 17th birthday in 2019, or Your child has an ITIN instead of a Social Security number. Starting in&nbsp;tax year 2018, children with ITINs don't qualify for the Child Tax Credit, but instead may qualify for the new $500 Credit for Other Dependents ("Family Tax Credit"). Other, less likely reasons you're no longer able to get the Child Tax Credit include: Your child lived with you less than half the year in 2019 Your child paid more than half of their own expenses Your 2019 AGI is too high to qualify for the credit ($440,000 if filing jointly, $240,000 all others) See the qualifications for the&nbsp;Child Tax Credit and the new Credit for Other Dependents. Related Information: What is the Child Tax Credit? Why is my 2019 Child Tax Credit smaller than last year's? What does "tax liability" mean? Is that the amount I still owe? Related Information: Why is my 2019 Child Tax Credit smaller than last year's? What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Mon, 07 Sep 2020 12:56:42 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-any-child-tax-credit-this-year/01/26459#M118 TurboTax Help 2020-09-07T12:56:42Z https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-1095-a/01/26456#M127 If you purchased health insurance through Healthcare.gov or your state's health insurance marketplace, you should receive your 1095-A by mid-February. Your 1095-A should include info for everybody on your return who was enrolled in a Marketplace plan, and is required to calculate the&nbsp;Premium Tax Credit. Here's how to enter your 1095-A in TurboTax: Open (continue) your return if you don't already have it open. In the upper right, search for 1095-A. Select the Jump to&nbsp;link in the search results. Answer Yes on the Did you receive Form 1095-A for your health insurance plan?&nbsp;screen and Continue. Enter your 1095-A info on the next screen and select&nbsp;Continue. We don't need all the info from your 1095-A, so we'll only ask about the info that affects your return. If you have Form 8962 and a 1095-A, and aren't sure what to do with them, go&nbsp;here for info on how to file them with your return. <A href="https://youtu.be/BnJ8E2ipsgc" target="_blank">https://youtu.be/BnJ8E2ipsgc</A> Related Information: What is the Premium Tax Credit (Related to health insurance)? What if I don't have or lost my 1095-A? I'm on my parents' 1095-A form. What do I do on my return? Related Information: What if I don't have or lost my 1095-A? I'm on my parents' 1095-A form. What do I do on my return? Mon, 07 Sep 2020 12:56:39 GMT https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-1095-a/01/26456#M127 TurboTax Help 2020-09-07T12:56:39Z https://ttlc.intuit.com/community/health-care/help/how-do-i-file-form-8965-for-the-health-coverage-exemption/01/26455#M116 Form 8965 is generated when you answer certain questions in the Health Insurance section. We'll automatically fill it out (including the exemption code) if anybody on your return didn't have health insurance coverage for the entire year. (Please note, the penalty no longer exists for tax years 2019-2025 due to the tax reform, so you don't need to fill this form out for those tax years.) Here's how to get to the form in TurboTax: Sign in and select a topic to continue your return. In the upper right menu, select &nbsp;and search for 8965. Select the Jump to&nbsp;link in the search results. At the question Did you have health insurance coverage in 2018? select the second or third option and select&nbsp;Continue. When you get to Did you have a situation that waives the tax penalty for being uninsured? check the box (or boxes) that apply, then select&nbsp;Continue. If you have an ECN or are applying for one, make sure you check Got an exemption certificate number. Keep following the onscreen instructions. At some point, we'll display the penalty and exemption code or codes. If you see the message You are exempt from the tax penalty or&nbsp;The penalty has been waived, you won't be penalized. In this case, Line 14 of your 8965 (shared responsibility payment) will be blank. Related Information: How much is ... Mon, 10 Aug 2020 22:15:48 GMT https://ttlc.intuit.com/community/health-care/help/how-do-i-file-form-8965-for-the-health-coverage-exemption/01/26455#M116 TurboTax Help 2020-08-10T22:15:48Z https://ttlc.intuit.com/community/health-care/help/what-counts-as-health-insurance-for-my-tax-return/01/26453#M126 The following coverage meets the Affordable Care Act minimum requirement for health insurance: Employer-sponsored coverage Employee group health insurance COBRA Retiree coverage Individual health coverage Private plan purchased from a health insurance company (Kaiser, Aetna, Blue Cross, etc.) Healthcare.gov or state Health Insurance Marketplace plan, including SHOP plans Student health insurance plan at your college or university Parent’s health insurance plan, if you’re under 26 years old “Grandfathered” individual insurance plan you’ve had since March 23, 2010 or earlier Government-sponsored programs Medicare Part A, Part C or Medicare Advantage (Part B coverage by itself doesn’t qualify) Medicaid, except for limited coverage plans Children’s Health Insurance Program (CHIP) TRICARE plans Veteran’s Administration (VA), CHAMPVA, or spina bifida health care program Peace Corps Department of Defense Nonappropriated Fund Health Benefits Program Refugee Medical Assistance (RMA) Basic Health Program (BHP) standard health plan State high-risk pools for plan or policy years that begin on or before Dec. 31, 2014 If you’re not sure if your coverage counts, call your health insurance provider and ask if your plan is recognized as minimum essential coverage. Related Information: What doe... Mon, 10 Aug 2020 22:15:45 GMT https://ttlc.intuit.com/community/health-care/help/what-counts-as-health-insurance-for-my-tax-return/01/26453#M126 TurboTax Help 2020-08-10T22:15:45Z https://ttlc.intuit.com/community/health-care/help/what-is-the-affordable-care-act-aca/01/26426#M32 The Affordable Care Act (ACA, also called "Obamacare") was enacted in March 2010 with the goal of making affordable health insurance available to more people. In addition, it expanded the Medicaid program in many states. With the ACA came tax penalties for uninsured and underinsured taxpayers that didn't qualify for an exemption. However, starting in tax year 2019, the Tax Cuts and Jobs Act eliminated the penalty on federal tax returns. Health Insurance Marketplaces, or exchanges, were created by the ACA to provide health plan shopping and enrollment services to individuals, families and small businesses. HealthCare.gov is operated by the federal government and a few states run their own state Marketplaces. When you purchase health insurance from a Marketplace, you may qualify for a Premium Tax Credit (PTC) to help make your health coverage more affordable. You can purchase health insurance during a yearly open enrollment period that runs from November 1 through January 31. The only other time you may be able to enroll is when you’ve had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child. Related Information: What counts as health insurance for my 2019 tax return? What’s my state Marketplace? What is the Premium T... Mon, 10 Aug 2020 22:00:52 GMT https://ttlc.intuit.com/community/health-care/help/what-is-the-affordable-care-act-aca/01/26426#M32 TurboTax Help 2020-08-10T22:00:52Z

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<channel>

<title>All Tax credits and deductions posts</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/help/02/109

</link>

<link>...</link>

<description>All Tax credits and deductions posts</description>

<pubDate>Mon, 14 Sep 2020 06:17:15 GMT</pubDate>

<dc:creator>109</dc:creator>

<dc:date>2020-09-14T06:17:15Z</dc:date>

<item>

<title>¿Qué es una exención personal?</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/help/qu%C3%A9-es-una-exenci%C3%B3n-personal/01/837763#M242

</link>

<link>...</link>

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Una exención personal era un monto establecido que podías deducir por cada contribuyente y dependiente en tu declaración de impuestos de 2017 o de años anteriores. El importe de la exención en el año tributario 2017 era de $4,050 por persona, sujeto a una eliminación gradual para niveles altos de ingresos. La exención personal fue eliminada por la Ley de Empleos y Reducción de Impuestos (TCJA, por sus siglas en inglés). Para ayudar a compensar la pérdida de la exención, la TCJA aumentó el importe de la deducción estándar, duplicó el crédito tributario por hijos y creó un nuevo crédito de $500 por otros dependientes (también conocido como “crédito tributario familiar”). Related Information: ¿Qué deducciones de impuestos federales fueron suspendidas por la reforma tributaria?

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<description>...</description>

<pubDate>Wed, 26 Feb 2020 01:00:22 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/help/qu%C3%A9-es-una-exenci%C3%B3n-personal/01/837763#M242

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-02-26T01:00:22Z</dc:date>

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<item>

<title>

¿Puedo deducir impuestos sobre la propiedad (bienes raíces)?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/help/puedo-deducir-impuestos-sobre-la-propiedad-bienes-ra%C3%ADces/01/837761#M241

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<description>

Los impuestos sobre bienes raíces (también denominados “impuestos sobre la propiedad”) que se gravan sobre tu vivienda principal, vivienda vacacional o terreno se pueden deducir si se basan en la valuación fiscal y si tu propiedad es de uso personal. El que obtengas o no una deducción sobre tus impuestos es otra cuestión, dado que hay varios cambios vigentes a partir de la reforma tributaria que han afectado esta deducción. Primero, no podrás deducir los impuestos sobre tu propiedad si tomas la deducción estándar. Aun si detallas tus deducciones, la deducción SALT (impuestos estatales y locales sobre los ingresos), que incluye el impuesto sobre la propiedad, ahora tiene un tope de $10,000 ($5,000 para parejas que presentan su declaración separadamente). Esto significa que es posible que los contribuyentes que viven o son dueños de una propiedad en estados con impuestos altos sobre la propiedad no obtengan una gran deducción como lo hicieron en años anteriores. Dicho esto, igualmente deberías cargar tus impuestos sobre la propiedad en&nbsp;TurboTax. Calcularemos qué cantidad, si hay alguna, es deducible. Asegúrate de incluir los impuestos sobre la propiedad pagados al cierre así como el impuesto anual sobre la propiedad pagado a tu tasador. No incluyas lo siguiente: Impuestos que pa...

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<pubDate>Tue, 16 Jun 2020 18:34:58 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/help/puedo-deducir-impuestos-sobre-la-propiedad-bienes-ra%C3%ADces/01/837761#M241

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-06-16T18:34:58Z</dc:date>

</item>

<item>...</item>

<item>

<title>

¿Puedo deducir el seguro hipotecario privado (PMI o MIP)?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/puedo-deducir-el-seguro-hipotecario-privado-pmi-o-mip/01/277390#M240

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<link>...</link>

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Sí, siempre y cuando detalles tus deducciones y el contrato de seguro se haya emitido después de 2006. Una vez que tu Ingreso Bruto Ajustado (AGI, por sus siglas en inglés) supera los $100,000 ($50,000 para casados declarando por separado), la deducción se reduce. Si tu AGI supera los $109,000 ($54,500 si eres casado declarando por separado), la deducción del PMI/MIP se elimina por completo. Related Information: ¿Aún puedo detallar mis deducciones? ¿Puedo deducir mi seguro de propietario?

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<description>...</description>

<pubDate>Wed, 26 Aug 2020 23:45:18 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/tax-credits-and-deductions/help/puedo-deducir-el-seguro-hipotecario-privado-pmi-o-mip/01/277390#M240

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-26T23:45:18Z</dc:date>

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<title>

Does my business qualify for the California Disabled Access Credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/does-my-business-qualify-for-the-california-disabled-access-credit/01/27600#M216

</link>

<link>...</link>

<description>

Your business qualifies for California’s Disabled Access Credit for Eligible Small Businesses if it had one of the following expenditures: Removed architectural, communication, physical, or transportation barriers that prevent the business from being accessible to, or usable by, people with disabilities, if the facility first placed in service before November 6, 1990 Provided qualified interpreters or other methods of making audio materials available to people who are deaf or hard of hearing. Provided qualified readers, taped texts, and other methods of making visual materials available to people with visual impairment Acquired or modified equipment or devices for people with disabilities Provided other similar services, modifications, materials, or equipment Businesses must also meet certain requirements to be able to take the credit: Had gross receipts (which can be reduced by returns and allowances) of less than $1 million in the tax year, or Employed no more than 30 full-time employees during the tax year Your business can receive a credit of up to $125 on eligible expenses by filing Form 3548. Related Information: What expenses qualify for the Lifetime Learning Credit? Can I claim my student loan? What is the Qualified Business Income (QBI) deduction? Can I claim energy-e...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:18:52 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/does-my-business-qualify-for-the-california-disabled-access-credit/01/27600#M216

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:18:52Z</dc:date>

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<title>Are business meals considered entertainment?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/are-business-meals-considered-entertainment/01/27541#M61

</link>

<link>...</link>

<description>

With the business entertainment deduction repealed for tax years 2018-2025, some people (including us) were left wondering if going out to dinner with a business associate or taking clients to happy hour is considered "entertainment" and therefore not deductible. To provide interim guidance, the IRS issued Notice 2018-76,&nbsp;which states that business meals aren't treated as entertainment (which means they're still 50% deductible) as long as all five of these conditions are met: The expense is an ordinary and necessary expense in conducting the trade or business. The expense is not lavish or extravagant under the circumstances.* The taxpayer or his/her employee is present at the meal. The meal is provided to a current or potential business customer, client, consultant, or similar business contact. For meals provided at or during an entertainment activity, the meals are either purchased separately from the entertainment or the meal and entertainment costs are separately stated on a bill, invoice, or receipt.† *If a nice dinner for two costs around $75 in your area but the bill at your favorite high-end establishment came in at $200, you can take a deduction on the reasonable $75 portion of the bill but not the "lavish and extravagant" $125 portion. †For example, if you took a clie...

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<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:18:28 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/are-business-meals-considered-entertainment/01/27541#M61

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:18:28Z</dc:date>

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<title>

Why don’t I qualify for the qualified business deduction?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-don-t-i-qualify-for-the-qualified-business-deduction/01/27473#M16

</link>

<link>...</link>

<description>

You can't claim the qualified business deduction if: You don't have qualified business income. You have qualified business income, but don't have overall net income, meaning your expenses were more than your income. Your other deductions already reduced your taxable income to $0. Your type of business doesn't qualify for the deduction. For example, C corporations don't qualify for this deduction. Schedule C filers (sole proprietorships and other self-employed businesses), LLCs, partnerships, S corporations, and trusts qualify for the deduction. Your business is a specified service trade or business (SSTB) and your total taxable income (which includes all your income, not just from your business) is over $207,500 (or $415,000 if filing jointly). Your total taxable income (which includes all your income, not just from your business) is over $207,500 (or $415,000 if filing jointly) and you didn't pay enough wages or have sufficient assets to be able to take the deduction. Related Information: What is the Qualified Business Income (QBI) deduction? Related Information: What is the Qualified Business Income (QBI) deduction? Do I qualify for the qualified business income deduction? Do I need to incorporate to get the qualified business income deduction?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:17:48 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-don-t-i-qualify-for-the-qualified-business-deduction/01/27473#M16

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:17:48Z</dc:date>

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<item>

<title>What is the passthrough deduction?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-passthrough-deduction/01/27472#M112

</link>

<link>...</link>

<description>

The passthrough deduction is also known as the qualified business income deduction. It is in effect for tax years 2018 through 2025. It allows taxpayers to deduct up to 20% of qualified business income from their taxes. TurboTax will automatically calculate how much you can deduct.If you’d like to learn more about the qualified business income deduction, we have more information you can read. Related Information: What is Schedule A? What is a Section 179 recapture? Can I still itemize my deductions? How do I change from the standard deduction to itemized (or vice-versa)? How will tax reform affect my 2018 federal tax return? Related Information: What is the Qualified Business Income (QBI) deduction? Do I qualify for the qualified business income deduction?

</description>

<description>...</description>

<pubDate>Wed, 26 Feb 2020 00:48:01 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-passthrough-deduction/01/27472#M112

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-02-26T00:48:01Z</dc:date>

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<title>

Why can’t I claim the Credit for Other Dependents (“Family Tax Credit”) in 2019?

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<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-the-credit-for-other-dependents-family-tax-credit/01/27469#M109

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<description>

Some common reason taxpayers can't claim the Credit for Other Dependents are: Your child no longer qualifies as your dependent. Your child or dependent provided more than half of their financial support in 2019. Your child or dependent didn’t live with you for the time period requirements 2019. Your dependent had more than $4,200 of gross income in 2019. You can review more information about the requirements for claiming the Credit for Other Dependents. Related Information: What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Can I qualify for the Earned Income Credit if I didn't work, was unemployed, or am not required to file a return? What is a qualifying child for the Earned Income Credit (EIC) in 2019? What are the qualifications for the Earned Income Credit (EIC or EITC)? What is the Child Tax Credit? Related Information: What is the $500 Credit for Other Dependents (“Family Tax Credit”)?

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<pubDate>Mon, 07 Sep 2020 13:17:46 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-the-credit-for-other-dependents-family-tax-credit/01/27469#M109

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:17:46Z</dc:date>

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<title>

Why am I getting the Credit for Other Dependents instead of the Child Tax Credit?

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<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-am-i-getting-the-credit-for-other-dependents-instead-of-the-child-tax-credit/01/27468#M113

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<description>

The Credit for Other Dependents is a credit that began in 2018. Child dependents that qualified for the Child Tax Credit in prior years may no longer meet the Child Tax Credit requirements, but may qualify for the Credit for Other Dependents. There are a few reasons why you might get the Credit for Other Dependents instead of the Child Tax Credit. Common reasons include: Your child is now 17 years or older. Your child is no longer considered a qualifying child, but is considered a qualifying relative dependent Your child has an Individual Tax Identification Number (ITIN), but doesn't have a Social Security number. You can review more information about the requirements for claiming the Credit for Other Dependents. Related Information: What is the $500 Credit for Other Dependents (“Family Tax Credit”)? Which tax credit does my child qualify for? Why can’t I claim the Credit for Other Dependents (“Family Tax Credit”) in 2019?

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<pubDate>Wed, 26 Aug 2020 21:38:05 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/why-am-i-getting-the-credit-for-other-dependents-instead-of-the-child-tax-credit/01/27468#M113

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-26T21:38:05Z</dc:date>

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<title>The IRS is requesting Form 8962 for 2019</title>

<link>

https://ttlc.intuit.com/community/health-care/help/the-irs-is-requesting-form-8962/01/27409#M108

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<link>...</link>

<description>

Form 8962 Premium Tax Credit is required when someone on your tax return had health insurance in 2019 through Healthcare.gov (or a state marketplace) and took the Advance Premium Tax Credit to lower their monthly premium. We'll help you create (or correct) the form in TurboTax. First, make sure you have a clean copy of your original tax return for your records. If you haven't already saved one, sign in to TurboTax Online and go to Tax Home or go to the Print Center in TurboTax CD/Download to print or save a PDF copy. If you're using TurboTax CD/Download, you may want to create a separate copy of your .tax2019 file by going to File and selecting Save As. Next, find your Form 1095-A. This won't be in TurboTax. You should have received a paper form in the mail from your marketplace. If you didn't receive a Form 1095-A, sign in to your Healthcare.gov account to download a copy. Select your first name to access your profile and look under Messages to find the notice that you have a Form 1095-A. (The instructions might be different if you used a state marketplace to get your coverage.) Once you've got it, follow the instructions&nbsp;below for your version of TurboTax. When you're done in TurboTax, you'll need to print out Form 8962 and mail or fax it to the IRS,&nbsp;along with any other ite...

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<pubDate>Mon, 07 Sep 2020 13:17:23 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/the-irs-is-requesting-form-8962/01/27409#M108

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:17:23Z</dc:date>

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<title>Is my car registration fee deductible?</title>

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https://ttlc.intuit.com/community/credits-and-deductions/help/is-my-car-registration-fee-deductible/01/27212#M237

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Yes, if it’s a yearly fee based on the value of your vehicle and you itemize your deductions. You can’t deduct the total amount you paid, only the portion of the fee that’s based on your vehicle’s value. And, not all states have value-based registration fees. The states that do are list below along with the deductible portion of your registration fee. States with deductible car registration fees and which portion you're allowed to claim &nbsp;Alabama &nbsp;The Ad Valorem Tax you paid on your vehicles &nbsp;Arizona &nbsp;The Vehicle License Tax (VLT) you paid on your vehicles &nbsp;California &nbsp;The Vehicle License Fee (VLF) portion of your registration fee &nbsp;Colorado &nbsp;The Ownership Tax you paid on your vehicles &nbsp;Indiana &nbsp;The Excise Tax Fees you paid on your vehicles &nbsp;Iowa &nbsp;The Vehicle Registration Fee you paid based on your vehicle's value &nbsp;Kentucky &nbsp;The Vehicle Registration Fee you paid based on your vehicle's value &nbsp;Louisiana &nbsp;The License Plate Fee you paid based on your vehicle’s value &nbsp;Massachusetts &nbsp;The Motor Vehicle Excise Tax you paid on your vehicles &nbsp;Michigan &nbsp;The License Fee you paid based on your vehicle's value, if the model year is 1984 and newer &nbsp;Minnesota &nbsp;The Registration Tax you paid on your vehicles &nbsp;Mississippi &nbsp;The Ad Valorem Tax you paid on your vehicles &nbsp;Missouri &nbsp;The Personal Prope...

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<pubDate>Mon, 07 Sep 2020 13:12:27 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/is-my-car-registration-fee-deductible/01/27212#M237

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:12:27Z</dc:date>

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<title>

Can I deduct property (real estate) taxes on my rental?

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<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-property-real-estate-taxes-on-my-rental/01/27182#M135

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<link>...</link>

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If you rent it out and don't live there yourself, you can claim property taxes on your rental as an expense against your rental income. However, if you're renting out a portion of your own home, you're eligible for a prorated deduction for the portion of the home you live in with the remainder written off as a rental expense. Either way, enter the property tax where you enter all your other rental expenses. If you also live there, we'll calculate your personal deduction based on the portion you live in. Don't enter your property tax again in the&nbsp;Deductions &amp; Credits&nbsp;section, as we've already taken care of that in the rental section. Related Information: Where do I enter income and expenses from a rental property? What kinds of rental property expenses can I deduct? Where do I enter my real estate (property) taxes in TurboTax Online? What can I deduct when refinancing rental property? Where can I find out how much property (real estate) tax I paid? Related Information: Where do I enter income and expenses from a rental property? What kinds of rental property expenses can I deduct?

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<pubDate>Mon, 07 Sep 2020 13:12:08 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-property-real-estate-taxes-on-my-rental/01/27182#M135

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:12:08Z</dc:date>

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<title>

Can I file my return without providing information about my health insurance?

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https://ttlc.intuit.com/community/health-care/help/can-i-file-my-return-without-providing-information-about-my-health-insurance/01/27121#M200

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<link>...</link>

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Starting in 2019, there's no longer a penalty for not having health insurance starting. However, if you had health insurance through Marketplace or received a Form 1095-A, you'll need to fill out a Form 8962 to reconcile the Premium Tax Credit. We'll create this for you when you enter your info. Related Information: How much is the Affordable Care Act penalty? Can I get a health insurance penalty exemption for 2019? What doesn’t count as health insurance on my 2018 return? What counts as health insurance for my 2019 tax return? Related Information: What counts as health insurance for my 2019 tax return? What doesn’t count as health insurance on my 2018 return? What is the Affordable Care Act (ACA)? How much is the Affordable Care Act penalty? Can I get a health insurance penalty exemption for 2019?

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<pubDate>Mon, 07 Sep 2020 13:11:44 GMT</pubDate>

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https://ttlc.intuit.com/community/health-care/help/can-i-file-my-return-without-providing-information-about-my-health-insurance/01/27121#M200

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:11:44Z</dc:date>

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<title>Can I claim a newborn baby?</title>

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https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-a-newborn-baby/01/27113#M133

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You can claim a child born anytime in 2019 on your 2019 taxes, assuming they meet all the other&nbsp;dependent qualifications. A baby born in 2020 can be claimed on your 2020 taxes. When we ask how many months your newborn lived with you, always answer The whole year, even if your baby was born on the last day of 2019. The same holds true for any health care coverage questions if your newborn was insured from the date of birth. Related Information: Who can I claim as my dependent? How do I add or remove a dependent?

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<pubDate>Wed, 26 Aug 2020 20:55:45 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-a-newborn-baby/01/27113#M133

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-26T20:55:45Z</dc:date>

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<title>I sold my home, what can I deduct?</title>

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https://ttlc.intuit.com/community/credits-and-deductions/help/i-sold-my-home-what-can-i-deduct/01/27097#M212

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<link>...</link>

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If you sold a&nbsp;qualified home, you can make deductions up until the time you sold your home, which includes mortgage interest, mortgage insurance, points and real estate/property taxes. You should be able to see these on the 1098 from your lender. You can also deduct: Home improvement costs (which are more or less permanent changes to the house and not the same as repairs and maintenance) Mortgage interest and/or real estate/property taxes charged at closing (other than that, almost no closing costs are deductible) Look at Selling Your Home by the IRS for more in-depth information. Related Information: I bought a house, what can I deduct? Can I deduct mortgage points? Is the money I made from a home sale taxable? How do I handle multiple 1098 mortgage forms? What kinds of refinancing costs can I deduct? Related Information: I bought a house, what can I deduct? Can I deduct my moving expenses? Where do I enter my 1098 mortgage interest statement? Is the money I made from a home sale taxable? Can I deduct home improvements on my tax return? Can I claim property (real estate) taxes if I recently bought or sold my home?

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<pubDate>Mon, 07 Sep 2020 13:11:23 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/i-sold-my-home-what-can-i-deduct/01/27097#M212

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:11:23Z</dc:date>

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<title>I bought a house, what can I deduct?</title>

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https://ttlc.intuit.com/community/credits-and-deductions/help/i-bought-a-house-what-can-i-deduct/01/27096#M107

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If you just bought a house, you may be able to deduct: Mortgage interest (including points) Property (real estate) tax Mortgage insurance (PMI or MIP) Unless it's a rental, you won't be able to deduct homeowner's insurance, repairs, or home improvements. Also, moving expenses are no longer deductible for most taxpayers. Be sure to hold onto your closing statement, as it lists expenses that could be deductible, like points and prepaid interest. Also, start saving your home improvement receipts. You won't be able to deduct those right now, but they can reduce your gain (along with any capital-gains tax) when you sell in the future. Related Information: Can I claim property (real estate) taxes if I recently bought or sold my home? Is the money I made from a home sale taxable? I sold my home, what can I deduct?

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<pubDate>Thu, 27 Aug 2020 00:04:42 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/i-bought-a-house-what-can-i-deduct/01/27096#M107

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-27T00:04:42Z</dc:date>

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<title>

Can I deduct the property tax or mortgage on a foreign home loan?

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<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-the-property-tax-or-mortgage-on-a-foreign-home-loan/01/27095#M85

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Foreign property (real estate) taxes aren't deductible on tax year 2018 through 2025 returns due to the Tax Cuts and Jobs Act. In 2017 and prior years, foreign property taxes could be deducted. You can still deduct the mortgage interest on a foreign property, assuming you meet the qualifications. More info Related Information: Where do I enter my 1098 mortgage interest statement? What if I don't have a 1098 mortgage interest statement?

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<pubDate>Tue, 11 Aug 2020 05:00:55 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-the-property-tax-or-mortgage-on-a-foreign-home-loan/01/27095#M85

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T05:00:55Z</dc:date>

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<title>

How do I deduct mortgage interest if I co-owned the home?

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<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-deduct-mortgage-interest-if-i-co-owned-the-home/01/27092#M209

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There are different situations that affect how you deduct mortgage interest when co-owning a home. The co-owner is a spouse who is on the same return: Enter the full amount as it appears on the 1098. The 1098 has multiple names, but only one person is paying the mortgage/interest: Only the person who actually paid the interest can take the deduction. The 1098 has multiple names and multiple people are paying the mortgage/interest: Each can deduct their portion of interest paid. When entering the 1098 only enter the amount that you actually paid, not the full amount. The 1098 is in someone else's name (not a seller-financed loan), but you pay some or all of the mortgage/interest: In most cases you'd have to be the owner of the property to take the deduction. If you can prove you're the owner in every way but in name (constructive ownership), you could still be allowed to take the deduction.&nbsp;(You could get audited and have to prove constructive ownership. If the IRS doesn't allow the deduction, you may have to go to tax court and argue your case.)You’ll be able to explain in TurboTax why you’re taking the deduction. In the Deductions &amp; Credits section (where you enter mortgage interest), check The interest amount I entered is different than what's on my 1098 when entering your i...

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<pubDate>Mon, 07 Sep 2020 13:11:17 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-deduct-mortgage-interest-if-i-co-owned-the-home/01/27092#M209

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:11:17Z</dc:date>

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<title>I refinanced my home, what can I deduct?</title>

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https://ttlc.intuit.com/community/credits-and-deductions/help/i-refinanced-my-home-what-can-i-deduct/01/27091#M154

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You may be able to&nbsp;deduct: Mortgage interest Points Real estate/property taxes You'll receive two 1098 forms. Enter both of them (first the one from your original loan, then the one from your refinance), but don't add them together. We'll need to know which loan was paid off. When you get to that screen be sure to indicate that it was paid off. You may also be able to deduct some items on your closing statement so have it handy. Don't worry, we'll help you enter the information as you go. If your mortgage was transferred from one company to another, you'll also receive two 1098 forms. This is pretty common and isn't considered refinancing. You're still paying off your original mortgage, even if it's now held by a different company. If you didn't get a new loan, then you haven't refinanced. Related Information: Where do I enter my 1098 mortgage interest statement? Where do I enter my real estate (property) taxes in TurboTax Online? How do I handle multiple 1098 mortgage forms?

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<pubDate>Thu, 27 Aug 2020 00:46:38 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/i-refinanced-my-home-what-can-i-deduct/01/27091#M154

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-27T00:46:38Z</dc:date>

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<title>

Can I deduct interest on a home equity loan or a HELOC?

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https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-interest-on-a-home-equity-loan-or-a-heloc/01/27090#M199

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The interest for a home equity loan or HELOC (home equity line of credit) is an allowable deduction if you itemize. You'll need to meet some conditions: The loan or line of credit is secured (put up as collateral to protect the lender) by your main home or a second home. The home securing the loan must have sleeping, cooking, and toilet facilities. The loan or line of credit must&nbsp;be used to buy, build or substantially improve your home. This requirement began with tax year 2018 and extends through 2025. You can only deduct the portion of the loan or line of credit you used to buy, build, or substantially improve the home that is used to secure the loan or line of credit. This requirement began with tax year 2018 and extends through 2025. If you’ve ever used part of this loan to pay for things other than this home, you cannot deduct the interest from that amount of the loan, even if the transaction didn’t take place this year. To get the full deduction, your mortgage debt doesn’t exceed $1,000,000 if you got your loan between October 13, 1987 and December 15, 2017 or $750,000 if you got your loan after December 15, 2017. You or someone on your tax return must have signed or co-signed the loan. If you rented out the home, you must have used the home more than 14 days during the ...

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<pubDate>Mon, 07 Sep 2020 13:11:14 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-interest-on-a-home-equity-loan-or-a-heloc/01/27090#M199

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:11:14Z</dc:date>

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<title>

How do I check in TurboTax to see if I claimed the EIC and/or ACTC?

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<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-check-in-turbotax-to-see-if-i-claimed-the-eic-and-or-actc/01/27029#M219

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You’ll need to check your 1040 form to know if you’ve claimed either or both of the credits. To find your 1040 form in: TurboTax Online When in your account, select the Take Me to My Return button on the main screen. Select Tax Tools on the left side of the screen, then select the Tools option. Select View Tax Summary. &nbsp; TurboTax Online after you’ve filed Sign in and open your return. Under Your tax returns &amp; documents, select the tax year of the return. Select Download/print return PDF. &nbsp; TurboTax Desktop For Windows users: When in the program, select&nbsp;View. Then from the drop-down, select Forms. On the left under&nbsp;Forms in My Return, select your 1040 form. For Mac users: When in the program, select View. Then from the drop-down, select Go to Forms. On the left under Federal Forms, select your 1040 form. It will be on EIC line 17a, ACTC line 17b. Related Information: Some 2019 federal refunds are delayed due to the PATH Act What is the Additional Child Tax Credit? Related Information: Some 2019 federal refunds are delayed due to the PATH Act

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<pubDate>Mon, 07 Sep 2020 13:10:35 GMT</pubDate>

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https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-check-in-turbotax-to-see-if-i-claimed-the-eic-and-or-actc/01/27029#M219

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<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:10:35Z</dc:date>

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<title>How do I claim the Health Coverage Tax Credit?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-claim-the-health-coverage-tax-credit/01/27015#M140

</link>

<link>...</link>

<description>

Sign in to your account and select Continue to pick up where you left off in your tax return. From the upper right menu, select&nbsp;and search for&nbsp;TAA. Select the Jump to&nbsp;link at the top of your search results. This will take you directly to the Health Coverage Tax Credit section. We’ll ask you some questions to determine if you qualify for the credit, and you’ll also enter the amount of your qualified health insurance premiums. You'll need to attach certain documents that prove you were eligible to claim the credit, that your 2019 health insurance plan was qualified, and that the premiums claimed for your 2019 coverage were paid. Required documentation reflecting that you were an eligible individual for the months claimed in 2019: For trade certified individuals demonstrating TAA, alternative TAA, or reemployment TAA eligibility—a copy of the official letter from the Department of Labor, your state workforce agency or employment office stating you are eligible for trade adjustment benefits For PBGC eligibility—a copy of the official letter from the PBGC stating you received a benefit paid by the PBGC or a copy of your Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, from the PBGC showing you received a benefit pai...

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<pubDate>Tue, 11 Aug 2020 04:12:48 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-i-claim-the-health-coverage-tax-credit/01/27015#M140

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T04:12:48Z</dc:date>

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<title>

What types of health insurance qualify for the Health Coverage Tax Credit?

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<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-types-of-health-insurance-qualify-for-the-health-coverage-tax-credit/01/27014#M141

</link>

<link>...</link>

<description>

There are several types of health insurance that qualify you for the 2019 Health Coverage Tax Credit (HCTC). However, contributions by your employer or your spouse’s employer may limit your qualification. COBRA Group health plan available through the employment of your spouse Employee benefit plan funded by a voluntary employees’ beneficiary association (VEBA) Individual health insurance plan, not including coverage through a Health Insurance Marketplace State-qualified health plans established prior to January 1, 2014 Health insurance plans that don’t qualify for the credit: Health Insurance Marketplace coverage for 2019 Flexible spending or similar arrangements and any insurance that’s purchased separately and not paid for as a comprehensive package, like dental or vision plans For detailed eligibility information on qualified health insurance plans, follow this link. Related Information: What is the Health Coverage Tax Credit? Can I claim both the Health Coverage Tax Credit and the Premium Tax Credit? How do I claim the Health Coverage Tax Credit? How do I delete Form 8885, Health Coverage Tax Credit? Related Information: What is the Health Coverage Tax Credit? How do I claim the Health Coverage Tax Credit? Can I claim both the Health Coverage Tax Credit and the Premium Tax...

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<pubDate>Mon, 07 Sep 2020 13:10:22 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-types-of-health-insurance-qualify-for-the-health-coverage-tax-credit/01/27014#M141

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:10:22Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Can I claim both the Health Coverage Tax Credit and the Premium Tax Credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-both-the-health-coverage-tax-credit-and-the-premium-tax-credit/01/27013#M142

</link>

<link>...</link>

<description>

Yes, you can claim both, but not for simultaneous coverage over the same time frame. In other words, you can’t claim both the HCTC and the PTC for the same coverage during the same coverage months. If you were enrolled in Health Insurance Marketplace coverage, you must reconcile any advance payments of the PTC you received. Enter your 1095-A as it appears in the Health Insurance tab and don’t claim any months for HCTC when you were insured under a Marketplace plan. Related Information: What types of health insurance qualify for the Health Coverage Tax Credit? How do I claim the Health Coverage Tax Credit? How do I delete Form 8885, Health Coverage Tax Credit? What is the Health Coverage Tax Credit? Related Information: How do I claim the Health Coverage Tax Credit? What is the Health Coverage Tax Credit? What types of health insurance qualify for the Health Coverage Tax Credit? How do I delete Form 8885, Health Coverage Tax Credit?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:10:20 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-claim-both-the-health-coverage-tax-credit-and-the-premium-tax-credit/01/27013#M142

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:10:20Z</dc:date>

</item>

<item>...</item>

<item>

<title>What is the Health Coverage Tax Credit?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-is-the-health-coverage-tax-credit/01/27012#M136

</link>

<link>...</link>

<description>

The Health Coverage Tax Credit (HCTC) is a refundable tax credit that pays 72.5% of qualified health insurance premiums for eligible individuals and their families. If you qualify for HCTC, it’s claimed on Form 8885. To qualify for this credit, you must have received one of the following types of assistance: Eligible for the Trade Adjustment Assistance (TAA) program and received a Trade Readjustment Allowance or was entitled to receive TRA except you hadn’t exhausted your unemployment insurance Benefits under the Alternative Trade Adjustment Assistance (ATAA) program Benefits from the Reemployment Trade Adjustment Assistance (RTAA) program Pension benefit payments from the Pension Benefit Guarantee Corporation (PBGC) and be age 55 to 65 You are not eligible for the HCTC if you: Can be claimed as a dependent on another person’s federal income tax return Are enrolled in Medicare, Medicaid, the Children’s Health Insurance Program, or the Federal Employees Health Benefits Program or are eligible to receive benefits under the U.S. military health system (TRICARE) Related Information: What types of health insurance qualify for the Health Coverage Tax Credit? How do I claim the Health Coverage Tax Credit?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 04:11:45 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-is-the-health-coverage-tax-credit/01/27012#M136

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T04:11:45Z</dc:date>

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<item>...</item>

<item>

<title>

Can I deduct health insurance premiums if I’m self-employed?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-health-insurance-premiums-when-i-m-self-employed/01/26990#M76

</link>

<link>...</link>

<description>

You may be able to deduct medical, dental, and long-term care insurance premiums for yourself, your spouse, and your dependents if you or your jointly-filing spouse is self-employed. There are two ways to do this; through the self-employed health insurance deduction&nbsp;or as an&nbsp;itemized deduction. Self-employed health insurance deduction To get this deduction, your Schedule C must show a net profit. The deduction amount generally cannot exceed your net profit amount. If you (or your spouse if filing jointly) was eligible to participate in an employer's health plan during any given month – even if you declined the coverage – the premium you paid for that month cannot be claimed under this deduction. Health insurance premiums you paid for your child, even if you aren't claiming him/her as a dependent, is eligible for this deduction as long as your child was age 26 or younger at the end of 2019. The self-employed health insurance deduction shows up on Schedule 1, line 16. Itemized deduction Any out-of-pocket premiums you couldn't claim under the self-employed health insurance deduction can be used as an itemized deduction instead. You can't deduct insurance premiums paid with pretax or tax-free dollars, nor can you claim any premiums you already claimed under the self-employed healt...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:10:05 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-health-insurance-premiums-when-i-m-self-employed/01/26990#M76

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:10:05Z</dc:date>

</item>

<item>...</item>

<item>

<title>

What sales tax payments can I claim on my federal taxes?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-sales-tax-payments-can-i-claim-on-my-federal-taxes/01/26966#M169

</link>

<link>...</link>

<description>

If you're itemizing, you get to choose between deducting your&nbsp;state and local income taxes or your&nbsp;state sales taxes. You can't claim both and you can't claim either one if you're taking the Standard Deduction. If you go with the sales tax deduction, you can claim the sales taxes you paid on just about anything you bought, whether it was purchased online or locally, in-state or out-of-state, big or small. However, for tax years 2018 through 2025, the SALT deduction (which includes sales tax) is capped at $10,000. That means if the combined total of your sales tax, real estate tax, and personal property tax amounts to $15,000, you can only deduct $10,000 maximum. Related Information: Where do I enter my sales taxes paid? Which deduction should I choose, state and local income tax or sales tax?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 03:44:52 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-sales-tax-payments-can-i-claim-on-my-federal-taxes/01/26966#M169

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T03:44:52Z</dc:date>

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<item>...</item>

<item>

<title>

Can I contribute to an HSA with a health insurance policy other than an HDHP?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/can-i-have-an-hsa-with-a-health-insurance-policy-other-than-an-hdhp/01/26965#M53

</link>

<link>...</link>

<description>

No. In order to contribute to health savings account (HSA), you must be enrolled in a&nbsp;high deductible health plan (HDHP)&nbsp;and you can't be enrolled in any of these other health plans: An employer-sponsored health policy that is not an HDHP Medicare A health FSA (whether yours or your spouse’s) TRICARE However, you can have insurance that provides benefits for: A specific disease or illness. A fixed amount per day (or other period) of hospitalization. Liabilities suffered under workers' compensation laws, tort liabilities, or liabilities related to ownership or use of property. VA benefits for hospital care or medical services for a service-related disability. Note: There are special rules for this situation. You're also allowed to have coverage, provided through insurance or otherwise, for: Dental care Vision care Long-term care Disability Accidents If you had an HSA when you lost HDHP coverage, then you're still eligible to keep the HSA. You'e just not eligible to contribute to it. You can continue to pay for qualified medical expenses until the HSA's funds are exhausted. Related Information: What is a health savings account (HSA)? What is a high-deductible health plan (HDHP)?

</description>

<description>...</description>

<pubDate>Sat, 22 Aug 2020 17:07:28 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/can-i-have-an-hsa-with-a-health-insurance-policy-other-than-an-hdhp/01/26965#M53

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-22T17:07:28Z</dc:date>

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<item>...</item>

<item>

<title>How does an MSA differ from an HSA?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-s-the-difference-between-hsa-and-msa/01/26964#M52

</link>

<link>...</link>

<description>

An MSA (medical savings account) is similar to an HSA (health savings account) in that both require the account holder to be covered by a high-deductible health plan, or HDHP. However, MSAs differ from HSAs in a few key areas: MSAs are restricted to self-employed individuals and small businesses with fewer than 50 employees. Annual contributions to an MSA can be made by either the employer or by the account holder – not both. MSA annual contribution limits are determined by the HDHP's deductible and taxpayer's income.

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 03:44:46 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-s-the-difference-between-hsa-and-msa/01/26964#M52

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T03:44:46Z</dc:date>

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<item>...</item>

<item>

<title>What is a qualified charitable organization?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualified-charitable-organization/01/26938#M210

</link>

<link>...</link>

<description>

It's an organization that has been granted tax-exempt status by the IRS and is eligible to receive tax-deductible charitable contributions. Examples of qualified charitable organizations: Churches, mosques, synagogues, temples, and other religious organizations Charities like Goodwill, United Way, Salvation Army, Red Cross, CARE, Boy/Girl Scouts, and Boys &amp; Girls Clubs of America Nonprofit schools, hospitals, and volunteer fire departments Veterans' and certain cultural groups Public parks and recreation facilities If you're not sure of the organization's charitable status, contact them directly or use the IRS Exempt Organizations Lookup Tool. Related Information: Can I deduct donations to charity? Do I need a receipt for my donation? How do I enter my 2019 charitable donations in TurboTax?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 03:36:41 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualified-charitable-organization/01/26938#M210

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T03:36:41Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Why is my Home Energy Credit being carried forward to next year?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-home-energy-credit-being-carried-forward-to-next-year/01/26937#M41

</link>

<link>...</link>

<description>

There are times when you can't take the credit in the current year: Your income is at a level that's not taxed at all. You're getting other tax credits that have reduced your tax owed to zero. If your credit can be carried forward to next year, we'll do that for you. Related Information: Can I claim energy-efficient appliances or energy-saving home improvements? Where do I enter qualified energy-saving improvements? Related Information: Can I claim energy-efficient appliances or energy-saving home improvements?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:09:36 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-home-energy-credit-being-carried-forward-to-next-year/01/26937#M41

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:09:36Z</dc:date>

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<item>...</item>

<item>

<title>

Why didn't I get a credit or deduction for education expenses?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/college-and-education/help/why-didn-t-i-get-a-credit-or-deduction-for-education-expenses/01/26936#M145

</link>

<link>...</link>

<description>

To get a credit for education expenses, you have to pay tuition or related costs for yourself, your spouse, or a dependent on your return. If you paid tuition or other education expenses for someone who's claimed on another person's return, you won't qualify. Here are other common reasons you might not qualify: You're filing your return as Married Filing Separately. Your adjusted gross income (AGI) is too high. American Opportunity Tax Credit AGI limit is $90,000 ($180,000 for joint returns). Lifetime Learning Credit AGI limit is $68,000 ($136,000 for joint returns). Your expenses were paid with tax-free scholarships, fellowships, grants, education savings account funds, tax-free savings bond interest, or employer-provided education assistance. Related Information: Who is eligible to take the American Opportunity Tax Credit? What expenses qualify for the American Opportunity Tax Credit? Who is eligible for the Lifetime Learning Credit? What expenses qualify for the Lifetime Learning Credit? What is the Tuition and Fees Deduction?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 03:30:48 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/college-and-education/help/why-didn-t-i-get-a-credit-or-deduction-for-education-expenses/01/26936#M145

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T03:30:48Z</dc:date>

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<item>

<title>

Are premiums for long-term care insurance deductible for 2019?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/are-premiums-for-long-term-care-insurance-deductible/01/26923#M66

</link>

<link>...</link>

<description>

Premiums for qualified* long-term care insurance policies are deductible on your 2019 federal taxes (if you itemize) up to these per-person amounts. Like any other medical expense, you have to itemize to get the deduction. $420 — under age 41 as of December 31, 2019 $790 — age 41–50 as of December 31, 2019 $1,580 — age 51–60 as of December 31, 2019 $4,220 — age 61–70 as of December 31, 2019 $5,270 — age 71 or higher as of December 31, 2019 Some states also have their own long-term care credit or deduction; when you do your state taxes, we'll let you know if your state offers tax breaks for long-term care. *A qualified long-term care insurance policy is guaranteed renewable, has no cash surrender value, doesn't cover Medicare-reimbursed expenses, nor uses any refund to reduce future premiums (except in death or cancelation). Related Information: Where do I enter my long-term care premiums? Related Information: Where do I enter my long-term care premiums?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:09:29 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/are-premiums-for-long-term-care-insurance-deductible/01/26923#M66

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:09:29Z</dc:date>

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<item>

<title>

What would cause me to have to repay the first-time homebuyer credit ahead of schedule?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-would-cause-me-to-have-to-repay-the-first-time-homebuyer-credit-ahead-of-schedule/01/26873#M24

</link>

<link>...</link>

<description>

You'd have to repay the credit ahead of schedule, in part or in full, if: You turn the home into a rental or began using it for business, rather than as your primary residence. You sell the home to a related person, def as&nbsp;spouse, your ancestors (parents and grandparents), or lineal descendants (children and grandchildren), as well as your spouse's ancestors or lineal descendants. You sell (or give up the home in foreclosure) to a non-related person and profited from the sale. Your home is destroyed and you don't plan to acquire another one within two years of the event. You must include all remaining installments as additional tax on the tax return for the year in which the two-year period ends. If your home is destroyed and you acquire (or plan to acquire) another main home within two years of the catastrophe, you'll continue to repay the installments as if nothing happened. Certain events may reduce or eliminate repayment, like: You sell your home or stop using it as your main home to fulfill U.S. government orders for a qualified official extended duty service. If you or your spouse is a member of the uniformed services, Foreign Service, or an employee of the intelligence community, you do not need to repay the credit. You sell the house (or give it up in foreclosure) to a...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:06:20 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-would-cause-me-to-have-to-repay-the-first-time-homebuyer-credit-ahead-of-schedule/01/26873#M24

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:06:20Z</dc:date>

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<item>

<title>

For the first-time homebuyer credit, how would the IRS know if I sold the home?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/for-the-first-time-homebuyer-credit-how-would-the-irs-know-if-i-sold-the-home/01/26872#M26

</link>

<link>...</link>

<description>

The IRS relies on a combination of third-party information and self-reporting. Related Information: How do I repay the 2008 first-time homebuyer credit?

</description>

<description>...</description>

<pubDate>Mon, 17 Aug 2020 12:13:14 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/for-the-first-time-homebuyer-credit-how-would-the-irs-know-if-i-sold-the-home/01/26872#M26

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-17T12:13:14Z</dc:date>

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<item>

<title>What is MACRS and MACRS convention?</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/what-is-macrs-and-macrs-convention/01/26869#M63

</link>

<link>...</link>

<description>

MACRS stands for Modified Accelerated Cost Recovery System and is the most commonly-used tax depreciation method, the other being Section 179&nbsp;(which technically isn't a depreciation method). Without getting into too much detail, MACRS is accelerated depreciation that allows for a larger deduction while the asset is still new. By comparison,&nbsp;straight-line depreciation gives you the same deduction year after year over the asset's useful life. MACRS cannot be used for intangible property, nor can it be used to depreciate: Films, videotapes, or recordings Assets put into service prior to 1987 and some&nbsp;types of assets used in 1986 Certain corporate or partnership property acquired in a non-taxable transfer MACRS convention determines the number of months for which you can claim depreciation during a partial year, either when you first placed the asset in service or when you disposed of it. The mid-month convention only applies to residential rental property, nonresidential real property, and railroad grading or tunnel bore. It simply means that you get a half month's worth of depreciation no matter when that asset was placed into (or taken from) service during that month, whether that was at the beginning, middle, or end of the month. The half-year convention works the same way but...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 03:01:44 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/what-is-macrs-and-macrs-convention/01/26869#M63

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T03:01:44Z</dc:date>

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<item>

<title>What is a Section 179 deduction?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-section-179-deduction/01/26868#M64

</link>

<link>...</link>

<description>

Instead of depreciating an asset over a multi-year period, you might be able to deduct its entire cost during the first year of use. This is called a Section 179 deduction, also (erroneously) called Section 179 depreciation. Think of it as instant gratification when it comes to deducting the cost of a newly-purchased business asset. To qualify for a Section 179 deduction, the asset must be: Tangible (you're able to touch it, which excludes intangible assets like patents or copyrights) Purchased (not leased) for business use Used more than 50% in your business Placed in service (purchased, acquired, or converted to business use) during the current tax year Acquired from a non-related party The Section 179 deduction can't be claimed for business assets that were acquired in a tax-free exchange or from a person or entity with whom you share a close relationship as specified by the IRS. You can't claim a Section 179 deduction for more than $1,000,000 in qualified assets. The deduction is reduced if the total of all Section 179 assets you placed in service during the tax year exceeds $2,500,000. Your Section 179 deduction amount can't exceed your net business income for the year, but if it does, you can carry the excess over to a future tax year. Finally, you must retain business u...

</description>

<description>...</description>

<pubDate>Thu, 20 Aug 2020 21:36:10 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-section-179-deduction/01/26868#M64

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-20T21:36:10Z</dc:date>

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<item>

<title>What is a Section 179 recapture?</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/what-is-a-section-179-recapture/01/26867#M65

</link>

<link>...</link>

<description>

To meet the conditions of the Section 179 deduction, you must continue to use the asset more than 50% in your business until the asset has reached the end of its useful life. If you stopped using the asset in your business before the end of its useful lifespan for whatever reason (such as it was sold, destroyed, or stolen) or the business use of the asset dropped below 50%, the Section 179 conditions are no longer being met and the IRS will instead apply&nbsp;regular MACRS depreciation to that asset. The difference between the Section 179 deduction and the "used up" portion of MACRS depreciation is called a Section 179 recapture and must be reported as income. Related Information: What is a Section 179 deduction? What is MACRS and MACRS convention?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 03:01:39 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/what-is-a-section-179-recapture/01/26867#M65

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T03:01:39Z</dc:date>

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<item>...</item>

<item>

<title>

If a parent claims me as a dependent, can I claim the education tax credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/if-a-parent-claims-me-as-a-dependent-can-i-claim-the-education-tax-credit/01/26863#M188

</link>

<link>...</link>

<description>

No. If someone claims you as a dependent on their tax return, only that person can claim a credit for your qualified education expenses. Related Information:

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:55:43 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/if-a-parent-claims-me-as-a-dependent-can-i-claim-the-education-tax-credit/01/26863#M188

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:55:43Z</dc:date>

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<item>

<title>

If I put $6,000 into an IRA today, will that lower my taxes by $6,000?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/if-i-put-5-500-into-an-ira-today-will-that-lower-my-taxes-by-5-500/01/26862#M123

</link>

<link>...</link>

<description>

No. If you contribute $6,000 to a Traditional IRA, you can deduct up to $6,000 from your taxable income—not your tax bill. It's a tax deduction, not a dollar-for-dollar tax credit. If you open a Traditional IRA for $6,000 (or contribute $6,000 to an existing account), it would reduce the amount of income you get taxed on by up to $6,000. In the 22% tax bracket, that translates to $1,320 off your tax bill. If you put $6,000 into a Roth IRA you won't get any deduction at all, but you'll get other benefits later. Related Information: Is an IRA deductible? How much of my Traditional IRA contribution is deductible in 2019?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:54:53 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/if-i-put-5-500-into-an-ira-today-will-that-lower-my-taxes-by-5-500/01/26862#M123

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:54:53Z</dc:date>

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<item>...</item>

<item>

<title>

What expenses qualify for the American Opportunity Tax Credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-american-opportunity-tax-credit-and-which-ones-do-not/01/26847#M180

</link>

<link>...</link>

<description>

The following expenses qualify for the American Opportunity Tax Credit: Expenses paid for yourself, spouse, or dependent on your return Qualified education expenses that are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution Student-activity fees, but only if the fees are paid to institutions as a condition of enrollment Expenses paid for books, supplies, and equipment needed for a course of study, whether or not purchased from the educational institution The following expenses don't qualify for the American Opportunity Tax Credit: Insurance Medical expenses (including student health fees) Room and board Transportation or similar personal, living, or family expenses This is the case even if these expenses are paid to the institution as a condition of enrollment or attendance. Related Information: What education tax credits are available? Who is eligible to take the American Opportunity Tax Credit? Who is eligible for the Lifetime Learning Credit? What expenses qualify for the Lifetime Learning Credit?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:41:51 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-american-opportunity-tax-credit-and-which-ones-do-not/01/26847#M180

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:41:51Z</dc:date>

</item>

<item>...</item>

<item>

<title>Who is eligible for the Lifetime Learning Credit?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-for-the-lifetime-learning-credit/01/26846#M179

</link>

<link>...</link>

<description>

One of the advantages of the Lifetime Learning Credit is that you can take the credit every year for higher education, as long as you meet all of these qualifying requirements: You, your dependent, or a third party paid qualified education expenses for higher education. The qualified education expenses were for an eligible student. The eligible student is you, your spouse, or a dependent on your tax return. For the full credit, your MAGI (modified adjusted gross income) is less than $58,000 ($116,000 if you are filing jointly). For a reduced credit, your MAGI is between $58,000 and $68,000 ($116,000 and $136,000 if you're filing jointly). Related Information: What education tax credits are available? Who is eligible to take the American Opportunity Tax Credit? What expenses qualify for the American Opportunity Tax Credit? What expenses qualify for the Lifetime Learning Credit?

</description>

<description>...</description>

<pubDate>Sat, 12 Sep 2020 00:40:17 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-for-the-lifetime-learning-credit/01/26846#M179

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-12T00:40:17Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Who is eligible to take the American Opportunity Tax Credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-to-take-the-american-opportunity-tax-credit/01/26845#M178

</link>

<link>...</link>

<description>

Qualifications for claiming the American Opportunity Tax Credit are: You paid an eligible student's&nbsp;qualified education expenses for higher education at any college, university, or vocational school with a student aid program administered by the US Department of Education. The eligible student is you, your spouse, or a dependent on your return. For the full credit, your MAGI (modified adjusted gross income) is less than $90,000 ($180,000 if you're filing jointly). For a reduced credit, your MAGI is between $80,000 and $90,000 ($160,000 and $180,000 if you're filing jointly). An eligible student is defined as a student who: Is enrolled at least half-time in a program leading to a degree, certificate, or other recognized credential. Had at least one academic period beginning during the year. Didn't claim the American Opportunity Tax Credit for more than three previous years. Didn't complete the first four years of post-secondary education before the beginning of the year. The American Opportunity Tax Credit cannot be claimed on Married Filing Separately returns nor under any of these conditions: The student is a dependent on someone else's return. The student is a nonresident alien (unless the student's spouse is a resident and they file a joint return treating both as residents...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:41:45 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-eligible-to-take-the-american-opportunity-tax-credit/01/26845#M178

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:41:45Z</dc:date>

</item>

<item>...</item>

<item>

<title>

What expenses qualify for the Lifetime Learning Credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/01/26844#M177

</link>

<link>...</link>

<description>

Generally, if you paid for qualified education expenses for an academic period beginning in any tax year or in the first three months of the next year, then you're allowed to take the Lifetime Learning Credit. Qualified expenses are tuition and certain related expenses required for enrollment at an eligible institution. The course must be either part of a post-secondary degree program or taken by the student to acquire or improve job skills. Student activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses are paid to the institution as a condition of enrollment or attendance. The maximum Lifetime Learning Credit you can claim in a year is 20% of the first $10,000 of qualified education expenses you paid for all eligible students (or up to $2,000). The credit is reduced (phased out) if your modified adjusted gross income (MAGI) is between $57,000 and $67,000 ($114,000 to $134,000 if married filing jointly). Since this isn't a refundable credit, the credit can't be more than your tax liability. Related Information: What education tax credits are available? Who is eligible to take the American Opportunity Tax Credit? What expenses qualify for the American Opportunity Tax Credit? Who is ...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:41:04 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/01/26844#M177

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:41:04Z</dc:date>

</item>

<item>...</item>

<item>

<title>

I'm on my parents' 1095-A form. What do I do on my return?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/i-m-on-my-parents-1095-a-form-what-do-i-do-on-my-return/01/26821#M5

</link>

<link>...</link>

<description>

If you're listed as a dependent on your parents’ tax return, you won't have any health insurance questions to answer on your own return. TurboTax will tell you Since someone is claiming you on their 2019 taxes, you don't have to complete Health Insurance. I'm on parents' health plan but not on their tax return, and I got my own 1095-A At enrollment, your parents told the Marketplace that you aren't on their return. That’s why you received your own 1095-A to enter its information on your return. When TurboTax asks you if you are sharing your health plan, don’t check the box. I'm on my parents' health plan but not on their tax return, I didn't get a 1095-A and there are amounts in column C on my parents' 1095-A In this case, TurboTax will ask you to enter a 1095-A. You'll enter the information from your parents' 1095-A. The next screen will ask you about your health plan being shared, so check the box. Then you'll see a screen asking for shared policy information. You enter the following: Enter the social security number in box 5 (recipient's SSN) on your parents' 1095-A Enter the starting month and ending month that you had the insurance Now you'll be asked to enter percentages for Your Premium, Second lowest cost silver plan (SLCSP) and advanced payment. You should see amounts...

</description>

<description>...</description>

<pubDate>Fri, 28 Aug 2020 17:08:43 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/i-m-on-my-parents-1095-a-form-what-do-i-do-on-my-return/01/26821#M5

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-28T17:08:43Z</dc:date>

</item>

<item>...</item>

<item>

<title>What is SLCSP?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-is-slcsp/01/26816#M43

</link>

<link>...</link>

<description>

SLCSP stands for Second Lowest Cost Silver Plan, which is the second-lowest priced health insurance plan in the Silver category that was available when you applied for insurance at Healthcare.gov or your&nbsp;state’s Health Insurance Marketplace. It's the standard used to calculate your Premium Tax Credit, even if you're on a different plan. In most cases, you'll find your SLCSP premium on your 1095-A in column B. You can use the&nbsp;Health coverage tax tool to get your SLCSP if it isn't on your 1095-A. Related Information: Where do I enter my 1095-A?

</description>

<description>...</description>

<pubDate>Mon, 17 Aug 2020 08:22:40 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-is-slcsp/01/26816#M43

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-17T08:22:40Z</dc:date>

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<item>...</item>

<item>

<title>

How does the Earned Income Credit or EIC affect my refund?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-does-the-earned-income-credit-or-eic-affect-my-refund/01/26803#M60

</link>

<link>...</link>

<description>

If you qualify for the Earned Income Credit (known as the EIC or EITC), you can receive hundreds or thousands of dollars in credits that reduce how much, dollar for dollar, you’ll pay in taxes. If the credit eliminates your tax bill completely and there's some of the credit left over, you may get that extra money back in a refund. Here’s an example: Joe and Julie have a 10-year-old child, Rory. Filing jointly, Joe and Julie earned $35,000 between their two jobs. Claiming Rory on their tax return, they received a total EIC of roughly $1,569. The following year, Julie got a raise at work, bumping up the money the couple made to $40,000. They still claimed Rory on their return, but because they made more money that year, their total EIC dropped to around $770. When you qualify, the credit amount will go up as you earn more income, but once you earn too much, it will go down eventually to zero. We won't only tell you if you qualify for the EIC, we'll figure out exactly how much you’ll receive. Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)? What is a qualifying child for the Earned Income Credit (EIC) in 2019?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:19:55 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-does-the-earned-income-credit-or-eic-affect-my-refund/01/26803#M60

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:19:55Z</dc:date>

</item>

<item>...</item>

<item>

<title>

How do you define "major purchase" or "major item" for the sales tax deduction?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-you-define-major-purchase-or-major-item-for-the-sales-tax-deduction/01/26790#M129

</link>

<link>...</link>

<description>

When we ask if you bought any major items while living in your state, answer Yes if you purchased: A motorized vehicle (car, truck, RV, motorcycle, etc.—sorry, no mopeds). An aircraft, boat, mobile home, or manufactured home, but only if you paid the general sales tax rate (otherwise it doesn't apply). Building materials for a major renovation or substantial addition to a home, if you paid the general sales tax rate yourself or your contractor was authorized to purchase these materials per your instructions or building contract. Otherwise, answer No,&nbsp;even if the items you purchased were expensive or really big. Still not sure? Here's the offical IRS definition. Related Information: Can I deduct the sales tax on home renovation or construction? Can I claim the sales tax deduction?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:13:46 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-you-define-major-purchase-or-major-item-for-the-sales-tax-deduction/01/26790#M129

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:13:46Z</dc:date>

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<item>

<title>Who can I claim as my dependent?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-can-i-claim-as-my-dependent/01/26781#M193

</link>

<link>...</link>

<description>

You can claim a child, relative, friend, or fiancé (etc.) as a dependent on your 2019 taxes as long as they meet the following requirements: Qualifying child They're related to you. They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They're under the age of 19 (or 24 for full-time students). No age limit for permanently and totally disabled children. They lived with you for more than half the year (exceptions apply). They didn't provide more than half of their own support for the year. Qualifying relative They don't have to be related to you (despite the name). They aren't claimed as a dependent by someone else. They're a U.S. citizen, resident alien, national, or a Canadian or Mexican resident. They aren’t filing a joint return with their spouse. They lived with you the entire year. They made less than $4,200 in 2019. You provided more than half of their financial support. When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them. There may be other tax benefits you can get when you claim a dependent. Related Information: Does a dependent for 2019 have to live with me? What does "financially suppo...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 02:12:43 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-can-i-claim-as-my-dependent/01/26781#M193

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T02:12:43Z</dc:date>

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<item>

<title>Can I deduct alimony I paid to my ex-spouse?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-alimony-i-paid-to-my-ex-spouse/01/26775#M22

</link>

<link>...</link>

<description>

You can deduct alimony paid to a former spouse as long the divorce or separation agreement is executed by December 31, 2018. Alimony payments resulting from agreements executed after that date can no longer be deducted due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. The same holds true for agreements modified after 2018 if the new version specifically states that the TCJA treatment of nondeductible alimony payments now applies. To enter your alimony payments: Sign in to TurboTax and open or continue your return. Search for alimony paid. Select the Jump to link in the search results. Answer Yes on the&nbsp;Did you pay alimony to a former spouse in 2019?&nbsp;screen and follow the onscreen instructions. Unlike alimony payments, you can't deduct child support. Read more. Related Information: Do I need to report alimony I received from a former spouse? Do I need to include child support on my federal taxes?

</description>

<description>...</description>

<pubDate>Thu, 27 Aug 2020 01:07:12 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-alimony-i-paid-to-my-ex-spouse/01/26775#M22

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-27T01:07:12Z</dc:date>

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<title>

Why is my 2019 Child Tax Credit smaller than last year's?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-child-tax-credit-smaller-than-last-year-s/01/26758#M162

</link>

<link>...</link>

<description>

If your 2019 Child Tax Credit is less&nbsp;than your 2018 credit, it's probably because one or more children celebrated their 17th birthday in 2019. Other, less common reasons your 2019 Child Tax Credit is less than your 2018 credit include: One or more children lived with you for less than half the year in 2019 but lived with you for half the year (or more) in 2018. One or more children paid more than half of their own expenses in 2019, but didn't in 2018. Your 2019 AGI increased to $400,000 or more (joint filers) or $200,000 or more (all others). See the qualifications for the&nbsp;Child Tax Credit and the Credit for Other Dependents. Related Information: Why can't I claim any Child Tax Credit this year? What is the Child Tax Credit? What is the Additional Child Tax Credit? Why don't I qualify for EIC? Why is my 2019 Child Tax Credit smaller than last year's? Related Information: Why can't I claim any Child Tax Credit this year? What is the $500 Credit for Other Dependents (“Family Tax Credit”)?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:04:56 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-is-my-child-tax-credit-smaller-than-last-year-s/01/26758#M162

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:04:56Z</dc:date>

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<title>

How do tax credits and deductions affect my refund?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-tax-credits-and-deductions-affect-my-refund/01/26752#M224

</link>

<link>...</link>

<description>

Tax credits and deductions are commonly confused, but each affect your refund in a different way. Here's a quick explanation: Tax credits, dollar-for-dollar, reduce the amount of taxes you owe. If you claim more credits than you owe in taxes, you may end up owing nothing, and in certain situations, getting additional money back. Tax deductions reduce the amount of income you'll be taxed on. If you make $45,000 and claim $2,000 in deductions, you'll be taxed as if you made $43,000 when you file. The IRS will pay you the difference in your refund. <A href="https://youtu.be/BfmILqzCrVM" target="_blank">https://youtu.be/BfmILqzCrVM</A> Related Information: Why doesn't my refund increase when I enter a deduction? Who is eligible to take the American Opportunity Tax Credit? Where do I enter my estimated tax payments? Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)? What is the Child and Dependent Care Credit? Who is eligible to take the American Opportunity Tax Credit?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:04:53 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/how-do-tax-credits-and-deductions-affect-my-refund/01/26752#M224

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:04:53Z</dc:date>

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<item>

<title>What are examples of education expenses?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-examples-of-education-expenses/01/26750#M125

</link>

<link>...</link>

<description>

Education expenses can be complex, but we'll simplify them for you. Here are examples of what you can and can't deduct: You can deduct:&nbsp; Tuition Enrollment fees Expenses paid to school, on condition of enrollment (lab fees, for example) Certain books, supplies, and course-related equipment Expenses listed above (for the following semester), as long as the semester begins in the first three months of 2020 Education expenses paid with cash, checks, credit cards and savings accounts Education expenses paid with loans, gifts and inheritances You can't deduct: Room and board Fees for non-degree courses (sports, games or hobbies),&nbsp;except when the course or activity is part of the student’s degree program. For the Lifetime Learning Credit only, these expenses qualify if the course helps the student acquire or improve job skills. Insurance Medical expenses or student fees Transportation or mileage Fees for maintaining or acquiring a license (broker, CPA, etc.) Tutoring expenses Private high school or grade school fees High school or private school uniforms Undergraduate and graduate application fees Daycare expenses Homeschool expenses Contributions to a student's Coverdell Education Savings Account Related Information: What are qualified education expenses for the American Opportunit...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:04:51 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-examples-of-education-expenses/01/26750#M125

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:04:51Z</dc:date>

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<item>

<title>What is the Additional Child Tax Credit?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-additional-child-tax-credit/01/26730#M201

</link>

<link>...</link>

<description>

The&nbsp;Additional&nbsp;Child Tax Credit&nbsp;isn't a credit you get for additional children; rather, it's the leftover portion of the&nbsp;Child Tax Credit&nbsp;(up to $1,400) that you're eligible to receive if the Child Tax Credit wipes out your tax liability for the year. For example, let's say you qualify for the full $2,000 Child Tax Credit but your&nbsp;tax liability&nbsp;for the year is only $750. You'd get $750 back from the Child Tax Credit (the amount needed to reduce your tax liability to $0) and the remaining $1,250 as the Additional Child Tax Credit. Qualifications for the Additional Child Tax Credit are the same as for the Child Tax Credit, with one more condition: your&nbsp;earned income&nbsp;must be at least $2,500. Related Information: What is the Child Tax Credit? What does "tax liability" mean? Is that the amount I still owe? What is earned income? Some 2019 federal refunds are delayed due to the PATH Act Related Information: What is the Child Tax Credit? What does "tax liability" mean? Is that the amount I still owe? What is earned income? What is the $500 Credit for Other Dependents (“Family Tax Credit”)?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:04:27 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-additional-child-tax-credit/01/26730#M201

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:04:27Z</dc:date>

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<item>...</item>

<item>

<title>What deductions can homeowners take?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-deductions-can-homeowners-take/01/26718#M59

</link>

<link>...</link>

<description>

If you own a home, you may be able to deduct: Mortgage interest (including points) Property (real estate) tax Mortgage insurance (PMI or MIP) Refinancing costs Unless it's a rental, you won't be able to deduct homeowner's insurance, repairs, or home improvements. Related Information: What is the Premium Tax Credit (Related to health insurance)? Can I deduct my mortgage? Where do I enter the home office deduction for my business? What is the Tuition and Fees Deduction? Related Information: Where do I enter my 1098 mortgage interest statement?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:04:18 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-deductions-can-homeowners-take/01/26718#M59

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:04:18Z</dc:date>

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<item>...</item>

<item>

<title>What tax breaks can I get for my 1099-MISC?</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/what-tax-breaks-can-i-get-for-my-1099-misc/01/26716#M54

</link>

<link>...</link>

<description>

If you're self-employed, you get to claim expenses related to your work. Common expenses for the self-employed include: Car and truck expenses Gas Office supplies Mobile phones Web hosting Marketing Travel We have this covered. We'll ask about your work expenses to find you as many tax savings as we can. Related Information: How is being self-employed different from being an employee? Where do I enter a 1099-MISC? If I didn't get a 1099-MISC, do I still need to report the income? Even if it's less than $600? What is TurboTax Self-Employed? Related Information: Where do I enter a 1099-MISC? How is being self-employed different from being an employee?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:04:14 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/what-tax-breaks-can-i-get-for-my-1099-misc/01/26716#M54

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:04:14Z</dc:date>

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<item>...</item>

<item>

<title>

What health care penalty exemptions can you claim if you weren’t required to get insurance?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-can-you-claim-if-you-weren-t-required-to-get-insurance/01/26712#M190

</link>

<link>...</link>

<description>

The Tax Cuts and Jobs Act eliminated the Affordable Care Act penalty starting with tax year 2019. The information below applies to tax year 2018 returns. The &nbsp;Affordable Care Act requires that you either have health insurance or pay a penalty on your taxes, unless you qualify for one of these penalty exemptions: You spent 330 days or more outside U.S. in 2018 You were a resident of foreign country or U.S. territory in 2018 You were not a U.S. resident in 2018 You’re a member of a health care sharing ministry in 2018 You’re an Indian tribe member or eligible for Indian health care You spent time in jail during 2018 After you complete the Health Insurance section, if you or anyone on your tax return wasn't insured, we’ll check to see if they&nbsp;can get a health insurance exemption. If so, we’ll waive the tax penalty. Related Information: Can I get a health insurance penalty exemption for 2019? What health care penalty exemptions are there for financial hardships? How much is the Affordable Care Act penalty? Related Information: Can I get a health insurance penalty exemption for 2019?

</description>

<description>...</description>

<pubDate>Mon, 31 Aug 2020 13:24:48 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-can-you-claim-if-you-weren-t-required-to-get-insurance/01/26712#M190

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-31T13:24:48Z</dc:date>

</item>

<item>...</item>

<item>

<title>

What health care penalty exemptions are there for financial hardships?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-are-there-for-financial-hardships/01/26711#M117

</link>

<link>...</link>

<description>

The 2017 Tax Cuts and Jobs Act (also known as tax reform) eliminated the Affordable Care Act penalty starting in tax year 2019. The ACA penalty still applies to 2016, 2017, and 2018 returns. If one of the following hardships kept you from getting health insurance in 2016, 2017, or 2018, you can apply for a penalty exemption before you file your taxes. If approved, you'll qualify to get back all or some of your penalty. Healthcare.gov has instructions on how to apply for a hardship exemption. You may qualify if you had any of the following hardships: You were homeless. You were evicted or were facing eviction or foreclosure. You received a shut-off notice from a utility company. You experienced domestic violence. You experienced the death of a family member. You experienced a fire, flood, or other natural or human-caused disaster that caused substantial damage to your property. You filed for bankruptcy. You had medical expenses you couldn't pay that resulted in substantial debt. You experienced unexpected increases in necessary expenses due to caring for an ill, disabled, or aging family member. You claim a child as a tax dependent who’s been denied coverage for Medicaid and CHIP, and another person is required by court order to give medical support to the child. In this case y...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 01:30:52 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-health-care-penalty-exemptions-are-there-for-financial-hardships/01/26711#M117

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T01:30:52Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Do I have to pay the health insurance penalty if I was unemployed in 2018?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/do-i-have-to-pay-the-health-insurance-penalty-if-i-m-unemployed/01/26709#M78

</link>

<link>...</link>

<description>

The ACA penalty applies to 2017 and 2018 returns, but was eliminated for tax years 2019–2025 with the 2017 Tax Cuts and Jobs Act (aka Tax Reform).&nbsp; The Affordable Care Act requires that you either have health insurance or pay a penalty on your taxes, unless you qualify for an exemption based on your situation. Being unemployed is not one of those exemptions. However, if your 2018 income is below the amount that requires you to file a federal tax return, you can claim a health coverage exemption and won’t have to pay the penalty for 2018. Once you answer the questions in the Health Insurance section of your federal return, we'll check to see if you qualify for this exemption and tell you what you need to do next. &nbsp; Related Information: Can I get a health insurance penalty exemption for 2019? How much is the Affordable Care Act penalty? Do I have to pay taxes on unemployment?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 01:30:49 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/do-i-have-to-pay-the-health-insurance-penalty-if-i-m-unemployed/01/26709#M78

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T01:30:49Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Can I avoid paying the health insurance penalty in 2019?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/can-i-avoid-paying-the-health-insurance-penalty/01/26707#M119

</link>

<link>...</link>

<description>

Although the 2017 Tax Cuts and Jobs Act eliminated the Affordable Care Act penalty on federal tax returns, the District of Columbia, Massachusetts, and New Jersey continue to assess a health insurance penalty for uninsured taxpayers.&nbsp;Vermont requires health insurance but as of now, there is no penalty for noncompliance. California and Rhode Island plan to impose penalties on most taxpayers who are without health insurance in 2020. Related Information: What is the Affordable Care Act (ACA)?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 01:30:44 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/can-i-avoid-paying-the-health-insurance-penalty/01/26707#M119

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T01:30:44Z</dc:date>

</item>

<item>...</item>

<item>

<title>

What is a qualifying child for the Earned Income Credit (EIC) in 2019?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualifying-child-for-the-earned-income-credit-eic/01/26686#M13

</link>

<link>...</link>

<description>

To count as a qualifying child for EIC, your child must have a valid Social Security number (not an ITIN). She or he must also: Be your child (including legally adopted), stepchild, eligible foster child, sibling, half-sibling, step-sibling, or a descendant of any of them (for example, your grandchild or niece);&nbsp;and Be permanently and totally disabled or under the age of 19 as of December 31, 2019 (under 24 if a full-time student) and younger than you (or your spouse, if filing jointly);&nbsp;and Have lived with you (or your spouse, if filing jointly) for more than half the year in the United States (unless you were in the military);&nbsp;and Not file jointly with their spouse unless they weren't required to file but did so anyway to claim a tax refund. Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)? What is earned income? Can I qualify for the Earned Income Credit if I didn't work, was unemployed, or am not required to file a return? Related Information: What are the qualifications for the Earned Income Credit (EIC or EITC)?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:03:56 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-a-qualifying-child-for-the-earned-income-credit-eic/01/26686#M13

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:03:56Z</dc:date>

</item>

<item>...</item>

<item>

<title>

What if a family member is on my Marketplace plan but is not listed on 2019 my tax return?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-if-a-family-member-is-on-my-marketplace-plan-but-is-not-listed-on-my-tax-return/01/26677#M191

</link>

<link>...</link>

<description>

If at the time of enrollment of a family member, you indicated that this person will not be a dependent on your 2019 tax return, that person will receive their own Form 1095-A and their name will not be on Part II of your 1095-A. You may need to share this information if someone else claims the dependent on their tax return such as in divorce situations.

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 01:10:50 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-if-a-family-member-is-on-my-marketplace-plan-but-is-not-listed-on-my-tax-return/01/26677#M191

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T01:10:50Z</dc:date>

</item>

<item>...</item>

<item>

<title>Do I need to enter a 1095-B?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/do-i-need-to-enter-a-1095-b/01/26673#M122

</link>

<link>...</link>

<description>

No. The IRS doesn't need any details from your 1095-B. This form is for your records only. We'll ask a few questions about your health care coverage after your finish entering your deductions and credits. Related Information: How do I show I had health insurance on my 2018 tax return? Do I need to enter my 1095-C? What counts as health insurance for my 2019 tax return? What is the Premium Tax Credit (Related to health insurance)?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:03:53 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/do-i-need-to-enter-a-1095-b/01/26673#M122

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:03:53Z</dc:date>

</item>

<item>...</item>

<item>

<title>

How do I show I had health insurance on my 2018 tax return?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/how-do-i-show-i-had-health-insurance-on-my-tax-return/01/26672#M75

</link>

<link>...</link>

<description>

To show you had health insurance coverage for 2018, Select&nbsp;Federal on the left-side menu Select the Health Insurance tab on the top menu Follow the prompts For the 2018 filing season, the IRS will not accept your electronically filed tax return unless you indicate whether you had coverage, had an exemption, or will make a shared responsibility payment. In addition, returns filed on paper that do not address the health coverage requirements may be suspended pending the receipt of additional information and any refunds may be delayed. If you purchased health coverage through Healthcare.gov or a state Marketplace, you’ll receive a 1095-A form. We’ll ask you to enter the info from your 1095-A in the Health Insurance section so we can calculate your Premium Tax Credit. If your health insurance coverage wasn't purchased through the Marketplace, you'll get a 1095-B or 1095-C form. You won’t need to enter this form — the Premium Tax Credit is only available for Marketplace plans. Just answer the questions in the Health Insurance section and keep the 1095-B or 1095-C for your records. Follow this link to find out&nbsp;what counts as health insurance, or call your health insurance provider and ask if your plan is recognized as minimum essential coverage. Related Information: What counts as h...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 01:09:46 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/how-do-i-show-i-had-health-insurance-on-my-tax-return/01/26672#M75

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T01:09:46Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Should I take the Premium Tax Credit in advance as a monthly subsidy?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/should-i-take-the-premium-tax-credit-in-advance-as-a-monthly-subsidy/01/26671#M73

</link>

<link>...</link>

<description>

It depends; there are advantages and disadvantages to doing it this way. If you opt to take the credit as a monthly subsidy, it reduces your monthly payments. However, if your&nbsp;family's situation changes, you don't update your original estimates, you run the risk of having to pay back some or all of the credit on your tax return. On the other hand, claiming the credit when you file eliminates the risk of having to pay it back, but of course that means you won't getting a monthly discount. Related Information: What is the Premium Tax Credit (Related to health insurance)?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 01:09:43 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/should-i-take-the-premium-tax-credit-in-advance-as-a-monthly-subsidy/01/26671#M73

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T01:09:43Z</dc:date>

</item>

<item>...</item>

<item>

<title>

What doesn’t count as health insurance on my 2018 return?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-doesn-t-count-as-health-insurance-on-my-return/01/26670#M74

</link>

<link>...</link>

<description>

The products and programs listed below may help you pay for certain medical services, but they don't meet the Affordable Care Act (ACA) minimum requirement for health insurance. If this is the only coverage you have, you may have to pay the penalty. Other types of insurance: Dental plans Vision plans Car insurance Homeowner’s insurance Travelers insurance Accident or disability policies Short-term plans and long-term care plans Limited government programs: Workers' compensation Short-term Medicaid for medically needy, emergency or 209b coverage and pregnancy-related services Supplemental Medicare like Part D and Medigap,&nbsp;or enrolled in Medicare Part B only TRICARE plans that only cover care at military hospitals and clinics (aka "direct care" or "line of duty care") Limited individual plans: Plans that offer only discounts on medical services Plans that offer coverage only for a specific disease or condition Plans that pay you a set amount if you are sick or in the hospital If you're not sure if the coverage you had counts, call your provider and ask if your plan is recognized as minimum essential coverage. Related Information: What counts as health insurance for my 2019 tax return? What is the Affordable Care Act (ACA)? How much is the Affordable Care Act penalty? Can I get a...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 01:09:41 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-doesn-t-count-as-health-insurance-on-my-return/01/26670#M74

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T01:09:41Z</dc:date>

</item>

<item>...</item>

<item>

<title>What is Medicare?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-is-medicare/01/26668#M197

</link>

<link>...</link>

<description>

Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD). The different parts of Medicare help cover specific services, like hospital stays, hospice care, doctors' and preventative services, outpatient care, medical supplies, and prescription drug coverage. Medicare Part A and Part C (Medicare Advantage) both qualify as minimum essential coverage (MEC) for the Affordable Care Act (ACA). Am I eligible? You're eligible for Medicare if you're 65 and older or have certain disabilities, including End-Stage Renal Disease. To find out if you're eligible, use the Medicare Eligibility Tool at Medicare.gov. How do I enroll? To enroll in Medicare, visit your local Social Security office or sign up online at SocialSecurity.gov. Related Information: What is the Premium Tax Credit (Related to health insurance)? Where do I enter my 1095-A? What’s my state Marketplace? How do I report and pay the Kiddie Tax on my 2019 return? What is earned income?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:03:47 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-is-medicare/01/26668#M197

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:03:47Z</dc:date>

</item>

<item>...</item>

<item>

<title>What’s my state Marketplace?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-s-my-state-marketplace/01/26666#M137

</link>

<link>...</link>

<description>

Below is a list of the states with their own Health Insurance Marketplaces. If your state is not listed, use Healthcare.gov or call 800-318-2596. California: Covered California or call 800-300-1506 Colorado: Connect for Health Colorado or call 855-752-6749 Connecticut: Access Health CT or call 855-805-4325 District of Columbia: DC Health Link or call 855-532-5465 Idaho: Your Health Idaho or call 855-944-3246 Kentucky: kynect: Kentucky Health Benefit Exchange&nbsp;or call 855-459-6328 Maryland: Maryland Health Connection or call 855-642-8572 Massachusetts: Massachusetts Health Connector or call 877-623-6765 Minnesota: MNSure or call 855-366-7873 Nevada: Nevada Health Link&nbsp;or call 855-547-2927 New Mexico:&nbsp; BeWellNM or call 833-862-3935 New York State: NY State of Health or call 855-355-5777 Rhode Island: HealthSource RI&nbsp;or call 855-840-4774 Vermont: Vermont Health Connect or call 855-899-9600 Washington State: Washington Healthplanfinder or call 855-923-4633

</description>

<description>...</description>

<pubDate>Tue, 18 Aug 2020 14:53:20 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-s-my-state-marketplace/01/26666#M137

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-18T14:53:20Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Where do I enter student loan interest (Form 1098-E)?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-student-loan-interest-form-1098-e/01/26659#M10

</link>

<link>...</link>

<description>

Here's how to enter your student loan interest. Follow these instructions whether or not you received a 1098-E from your lender: Open (continue) your return in TurboTax if you don't already have it open. Search for 1098-E (upper- or lower-case, with or without the dash). Select the Jump to&nbsp;link&nbsp;in the search results. Answer Yes to the question Did you pay any student loans? If you land on the Here's your 1098-E info&nbsp;(or Here's what you paid in student loan interest)&nbsp;screen, you can either edit an existing payment or add a new one. Follow the onscreen instructions. <A href="https://youtu.be/ANfOn47F5JI" target="_blank">https://youtu.be/ANfOn47F5JI</A> Related Information: Can I claim my student loan?

</description>

<description>...</description>

<pubDate>Mon, 17 Aug 2020 06:31:32 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-student-loan-interest-form-1098-e/01/26659#M10

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-17T06:31:32Z</dc:date>

</item>

<item>...</item>

<item>

<title>How do I allocate expenses for 2 home offices?</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/how-do-i-allocate-expenses-for-2-home-offices/01/26657#M124

</link>

<link>...</link>

<description>

In TurboTax, that'll depend on whether the offices were for the same business or for two different businesses. Select your situation below for instructions. Each business has its own separate home office If you maintain a separate office for each business (for example business #1 in the spare bedroom and business #2 in the basement), simply provide&nbsp;the requested details for each office space as you enter each business into TurboTax. We'll use this info (square footage, etc.) to calculate the expense allocations for each office. Two different home offices for the same business This is when you move to a new home during the tax year, or you move your office to a different location inside your home. (Expenses for multiple offices used concurrently for the same business in the same home are treated as though they belong to a single office.) TurboTax supports up to 2 different home offices per Schedule C business, but only one office is allowed to use the simplified method, per IRS rules. When you get to the home office section in TurboTax, we'll ask if you had more than one home office during the tax year (answer "Yes") and if these offices were in the same home (answer "No"). Eventually, you'll be asked for each office's percentage of use (this'll be filled in if you're using the...

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 00:56:47 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/how-do-i-allocate-expenses-for-2-home-offices/01/26657#M124

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T00:56:47Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Where do I enter job-related employee expenses? (Form 2106)

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-job-related-employee-expenses-form-2106/01/26651#M25

</link>

<link>...</link>

<description>

Note: These instructions mainly (but not exclusively)&nbsp;apply to 2017 or earlier tax year returns. Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the unreimbursed employee expenses deduction has been suspended in tax years 2018 through 2025. There are some exceptions where you can still use Form 2106 through tax year 2025, including if you were an Armed Forces reservist, qualified performing artist, fee-basis state or local government official, or an employee with impairment-related work expenses. State taxes: Job-related expenses might be deductible in your state even if they’re not deductible on your federal return. You can enter your expenses as below and we’ll figure out if you can deduct them. If you’re self-employed or own a business, enter your business-related expenses on Schedule C instead. Instructions Here's how to enter your job-related expenses in TurboTax 2017 or earlier (or TurboTax 2018 or 2019 if you meet the requirements mentioned above): Open (continue) your return in TurboTax if it's not already open. In TurboTax, search for 2106 and then select the Jump to link in the search results. At the Tell us about the occupation you have expenses for screen, enter your occupation, then select&nbsp;Continue. If you land on the Job...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:03:12 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-job-related-employee-expenses-form-2106/01/26651#M25

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:03:12Z</dc:date>

</item>

<item>...</item>

<item>

<title>What is the 2% rule?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-2-rule/01/26650#M214

</link>

<link>...</link>

<description>

The 2% rule referred to the limitation on certain miscellaneous itemized deductions, which included things like unreimbursed job expenses, tax prep, investment, advisory fees, and safe deposit box rentals. In 2017 and earlier tax years, wage-earners and other taxpayers who weren’t able to write these off as business expenses were allowed to deduct the portion of these miscellaneous expenses that exceeded 2% of their AGI, provided they took the itemized deduction. These miscellaneous expenses were reported on Form 2106. Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the deduction for these 2% miscellaneous expenses has been suspended in tax years 2018 through 2025. However, this doesn’t affect: Self-employed individuals and businesses who can continue to deduct business-related expenses on Schedule C as before People who work in one of these specific professions or situations Armed Forces reservist Qualified performing artist Fee-basis state or local government official You're disabled and have impairment-related expenses Your job-related expenses may still be allowed on your state return. Enter your expenses and we’ll figure out if you can deduct them. Related Information: Which federal tax deductions have been suspended by tax reform?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 00:49:50 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-2-rule/01/26650#M214

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T00:49:50Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Are nonprofits considered qualified charitable organizations?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/charitable-contributions/help/are-nonprofits-considered-qualified-charitable-organizations/01/26642#M68

</link>

<link>...</link>

<description>

Not necessarily. While most qualified charitable organizations happen to be nonprofits, simply having nonprofit status doesn't automatically make an organization eligible to receive tax-deductible contributions. To determine if the organization you donated to is eligible, ask them if they are a qualified organization for charitable purposes or search for them in the IRS Exempt Organizations lookup tool (select the first radio button before searching). Related Information: Can I deduct donations to charity? Is volunteer work deductible? What is a qualified charitable organization? Related Information: Can I deduct donations to charity?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:03:00 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/charitable-contributions/help/are-nonprofits-considered-qualified-charitable-organizations/01/26642#M68

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:03:00Z</dc:date>

</item>

<item>...</item>

<item>

<title>Is volunteer work deductible?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/is-volunteer-work-deductible/01/26641#M69

</link>

<link>...</link>

<description>

Although you can't deduct the value of your time or service, you can deduct expenses related to volunteering for a qualified organization as long as those expenses are: Directly and solely connected with the volunteer work you provided Not reimbursed Not considered personal, living, or family expenses For example, if you voluntarily fixed up an elderly neighbor's house one weekend, it wouldn't be deductible because it wasn't done through a qualified charitable organization. However, if you did similar voluntary work through a qualified organization, you could deduct mileage to and from the job site as well as any unreimbursed supplies you purchased to carry out the work. However, you wouldn't be able to deduct the value of your time or expertise, nor could you deduct your meals or the cost of a babysitter (those are living/family expenses). To enter eligible expenses related to voluntary charity work, follow the same directions for entering charitable donations. Related Information: How do I enter my 2019 charitable donations in TurboTax? Are nonprofits considered qualified charitable organizations? What is ItsDeductible? Can I deduct donations to charity? Related Information: Are nonprofits considered qualified charitable organizations? How do I enter my 2019 charitable donat...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 13:02:55 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/is-volunteer-work-deductible/01/26641#M69

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T13:02:55Z</dc:date>

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<item>...</item>

<item>

<title>

Do 401(k) contributions qualify for the Saver's Credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/do-401-k-contributions-qualify-for-the-saver-s-credit/01/26639#M79

</link>

<link>...</link>

<description>

If you qualify, a portion of your 401(k) contributions can count towards the Retirement Savings Contribution Credit, more commonly known as the Saver's Credit. The maximum credit you can qualify for has doubled since last year; $4,000 if you're filing jointly, $2,000 for all other filing statuses. Related Information: What is the 2019 Saver's Credit?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 00:42:43 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/do-401-k-contributions-qualify-for-the-saver-s-credit/01/26639#M79

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T00:42:43Z</dc:date>

</item>

<item>...</item>

<item>

<title>

Where do I enter my real estate (property) taxes in TurboTax Online?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-real-estate-property-taxes-in-turbotax-online/01/26633#M14

</link>

<link>...</link>

<description>

If these are taxes for rental property you own, enter your property taxes in the same place you enter your other rental expenses. If you're a homeowner, your property taxes are entered in the Deductions &amp; Credits section: Sign in and open your return if you're not already in it. Inside TurboTax, search for property tax and select the Jump to link at the top of your search results. Answer Yes to the question Did you pay property or real estate taxes in 2019? Enter your property/real estate taxes on the next screen. Important Additional Information When your property/real estate taxes are included on your 1098, you’ll enter them as part of your Mortgage Interest in the property or real estate tax field. If they aren't listed on your 1098, you’ll enter them separately as property/real estate taxes. Tip: If you own additional properties for personal use (like a cabin or timeshare), make sure to include the property/real estate payments for those as well. Related Information: Where can I find out how much property (real estate) tax I paid? Can I deduct property (real estate) taxes? What's the difference between real estate tax, property tax, and personal property tax? What if my property (real estate) taxes are paid through my mortgage lender? Where do I enter income and expenses f...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:59:26 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-real-estate-property-taxes-in-turbotax-online/01/26633#M14

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:59:26Z</dc:date>

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<item>...</item>

<item>

<title>Are home repairs or maintenance costs deductible?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/are-home-repairs-or-maintenance-costs-deductible/01/26631#M18

</link>

<link>...</link>

<description>

On rental property, yes.&nbsp;On a personal residence, no. Related Information: Can I deduct home improvements on my tax return? What kinds of rental property expenses can I deduct? Can I claim energy-efficient appliances or energy-saving home improvements? Related Information: Can I deduct home improvements on my tax return? What kinds of rental property expenses can I deduct?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:59:25 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/are-home-repairs-or-maintenance-costs-deductible/01/26631#M18

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:59:25Z</dc:date>

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<item>...</item>

<item>

<title>Can I deduct my homeowner's insurance?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-homeowner-s-insurance/01/26630#M20

</link>

<link>...</link>

<description>

You aren't allowed to deduct the cost of homeowner's insurance for things like fire, casualty, or theft on your personal residence. However, you may be able to deduct a pro-rated portion&nbsp;of your home insurance as part of the home office deduction. Homeowner's insurance on your rental property can also be deducted as a rental expense. Related Information: Can I deduct private mortgage insurance (PMI or MIP)? Can I take the home office deduction? Are home repairs or maintenance costs deductible? Can I still itemize my deductions? What's the difference between real estate tax, property tax, and personal property tax? Related Information: Can I take the home office deduction? What kinds of rental property expenses can I deduct?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:59:22 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-my-homeowner-s-insurance/01/26630#M20

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:59:22Z</dc:date>

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<item>...</item>

<item>

<title>

Why am I showing an excess HSA contribution in 2019?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/why-am-i-showing-an-excess-hsa-contribution/01/26610#M215

</link>

<link>...</link>

<description>

For 2019, the maximum combined&nbsp;total&nbsp;that you, your employer, and/or any other eligible person can contribute to your HSA account is: $3,500 if you're under 55 at the end of 2019 and are covered by an individual (self-only) HDHP; $7,000 if you're under 55 at the end of 2019 and are covered by a family HDHP; $4,500 if you're 55 or older at the end of 2019 and are covered by an individual (self-only) HDHP; $8,000 if you're 55 or older at the end of 2019 and are covered by a family HDHP. Spouses on separate plans: The $7,000 family limit applies to married couples even if one spouse is covered by a family plan and the other spouse has their own individual plan. In this scenario, the couple may split their respective contributions any way they like, as long as the couple's total contribution doesn't exceed $7,000. (Spouses 55 or older at the end of 2019 are allowed to contribute an additional $1,000 to their own HSA.) If the 2019 HSA contribution exceeds the allowable amount, the excess must be withdrawn by July 15, 2020 to avoid a penalty (October 15 if you filed an extension). Double-check your entries We recommend revisiting the HSA entry screens to make sure the excess contribution wasn't due to an entry error. Here's how: With your return open, search for hsa inside your prog...

</description>

<description>...</description>

<pubDate>Tue, 08 Sep 2020 18:50:25 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/why-am-i-showing-an-excess-hsa-contribution/01/26610#M215

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-08T18:50:25Z</dc:date>

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<item>

<title>Why is my HSA distribution taxable?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/why-is-my-hsa-distribution-taxable/01/26609#M230

</link>

<link>...</link>

<description>

An HSA distribution – money spent from your HSA account – is nontaxable as long as it's used to pay for&nbsp;qualified medical expenses. HSA distributions used for anything other than qualified medical expenses are not only taxable, they're subject to an additional 20% penalty if you're not disabled or are under the age of 65. After you enter your&nbsp;1099-SA, we'll ask&nbsp;Did you spend all the money you took out on medical expenses?&nbsp;If you answer Yes, the entire distribution in Box 1 of your 1099-SA is nontaxable. However, if you answer No,&nbsp;the portion that wasn't used for qualified medical expenses becomes taxable income. This income appears on Form 8889, line 16 and Schedule 1, line 8. The 20% additional penalty, if applicable, will show up on Line 17b of your 8889 and Schedule 2, line 8. Related Information: What kinds of medical expenses are deductible? Where do I enter my HSA contribution? Can I deduct medical costs paid with HSA or MSA funds? What is a health savings account (HSA)? Why am I showing an excess HSA contribution in 2019?

</description>

<description>...</description>

<pubDate>Fri, 11 Sep 2020 17:39:42 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/why-is-my-hsa-distribution-taxable/01/26609#M230

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-11T17:39:42Z</dc:date>

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<item>...</item>

<item>

<title>

Why doesn't my refund change after I enter my medical expenses?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/why-doesn-t-my-refund-change-after-i-enter-my-medical-expenses/01/26608#M40

</link>

<link>...</link>

<description>

It's probably because you're taking the standard deduction. To get the medical expense deduction, the sum of all your itemized deductions (which also includes things like donations and property taxes) must exceed your standard deduction amount. You're only allowed to deduct medical expenses that go above and beyond 7.5% of your AGI. For example, let’s say Linda is filing a single return and is itemizing this year. Her AGI is $35,000 and she had $4,000 in medical bills during 2019. She can only deduct $500 of these expenses ($4,000 minus 7.5% of her AGI = $4,000 minus $3,500 = $500). Related Information: How do I change from the standard deduction to itemized (or vice-versa)? Why doesn't my refund increase when I enter a deduction? What's my standard deduction for 2019?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 00:14:50 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/why-doesn-t-my-refund-change-after-i-enter-my-medical-expenses/01/26608#M40

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T00:14:50Z</dc:date>

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<item>

<title>What is a high-deductible health plan (HDHP)?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-is-a-high-deductible-health-plan-hdhp/01/26606#M62

</link>

<link>...</link>

<description>

High-deductible health plans, or HDHPs, are health insurance plans with lower premiums and higher deductibles than traditional health plans. For 2019, an HDHP's deductible starts at $1,350 for an individual plan and $2,700 for a family plan. Out-of-pocket expenses such as in-network co-pays, deductibles, and coinsurance (but not premiums) cannot exceed $6,750 or $13,500 for individual and family plans, respectively. HDHP enrollment is required to make contributions to an HSA (health savings account). However, not every health plan with a high deductible meets the IRS definition of an HDHP, as there are additional qualifications required. Check with your employer or the insurance carrier to confirm that your policy is an HDHP if you're not sure. Related Information: What is a health savings account (HSA)?

</description>

<description>...</description>

<pubDate>Tue, 11 Aug 2020 00:14:45 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-is-a-high-deductible-health-plan-hdhp/01/26606#M62

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-11T00:14:45Z</dc:date>

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<item>

<title>

Am I allowed to deduct medical expenses I haven't paid for yet?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/am-i-allowed-to-deduct-medical-expenses-i-haven-t-paid-for-yet/01/26549#M6

</link>

<link>...</link>

<description>

You're only allowed to claim medical expenses that you already paid to the provider. For example, if you're making monthly payments to the hospital for last year's operation, you can only deduct what you paid so far, not what the total operation will eventually cost you. But if you charged the entire bill to your credit card which you're still paying off, you can claim the full cost. The IRS defines the "paid date" as: The date you put the bill on your credit card The date you mailed or delivered the check or money order The date the charge appeared on your statement, if you paid the bill online or via telephone Related Information: What kinds of medical expenses are deductible? Where do I enter my medical expenses?

</description>

<description>...</description>

<pubDate>Mon, 10 Aug 2020 23:31:46 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/am-i-allowed-to-deduct-medical-expenses-i-haven-t-paid-for-yet/01/26549#M6

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T23:31:46Z</dc:date>

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<item>...</item>

<item>

<title>What kinds of medical expenses are deductible?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-kinds-of-medical-expenses-are-deductible/01/26548#M4

</link>

<link>...</link>

<description>

You probably already know that you can deduct things like medical and dental fees, co-pays, eyeglasses, prescriptions, lab fees, surgery, and hospital facility fees. But did you know you can also deduct dentures, contact lens cleaning solution, hearing aid batteries, crutches, mileage to and from the doctor, and expenses for a service dog? See this IRS page on medical expenses to learn which expenses you're allowed to deduct. Some health-related expenses cannot be claimed per IRS rules&nbsp;like nonprescription supplements, vitamins, over-the-counter medications, toothpaste, health club memberships, and medical marijuana (even if it's legal in your state). See this IRS list of common, but nondeductible medical expenses. Be sure to document each medical expense you claim with receipts, credit card statements, mileage records, (etc.) and keep them with your tax records. Tip: You can deduct the portion of medical expenses that exceeds 7.5% of your adjusted gross income (AGI) for 2019. Related Information: Can I deduct health insurance premiums taken from my paycheck? Can I deduct medical costs paid with HSA or MSA funds? Can I deduct Medicare premiums? Am I allowed to deduct medical expenses I haven't paid for yet? Why doesn't my refund change after I enter my medical expenses? Where ...

</description>

<description>...</description>

<pubDate>Mon, 10 Aug 2020 23:25:49 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/what-kinds-of-medical-expenses-are-deductible/01/26548#M4

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T23:25:49Z</dc:date>

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<item>

<title>Where do I enter my medical expenses?</title>

<link>

https://ttlc.intuit.com/community/tax-credits-deductions/help/where-do-i-enter-my-medical-expenses/01/26547#M2

</link>

<link>...</link>

<description>

Medical, dental, and vision expenses are reported on&nbsp;Schedule A and entered in the Deductions &amp; Credits section. With your return open, search for Schedule A&nbsp;and then select the Jump to link in the search results. Answer Yes on the&nbsp;Did you have any medical expenses in 2019? screen. Enter your medical expenses, starting with prescriptions, on the following screens. Related Information: What kinds of medical expenses are deductible? Why doesn't my refund change after I enter my medical expenses? Where do I enter my health insurance premiums in TurboTax Home &amp; Business if I'm self-employed? Am I allowed to deduct medical expenses I haven't paid for yet?

</description>

<description>...</description>

<pubDate>Mon, 10 Aug 2020 23:25:46 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/tax-credits-deductions/help/where-do-i-enter-my-medical-expenses/01/26547#M2

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T23:25:46Z</dc:date>

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<item>

<title>Can I deduct Medicare premiums?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medicare-premiums/01/26546#M8

</link>

<link>...</link>

<description>

Medicare Part A&nbsp;premiums aren't deductible if you're covered under Social Security or if you're a government employee who paid Medicare tax. However, if you aren't covered under Social Security (nor a government employee who paid Medicare tax) and you voluntarily enrolled in Medicare A, you can deduct those premiums. Premiums for the other Medicare programs—Part B (supplemental medical insurance), Part C (Medicare Advantage), and Part D (voluntary prescription drug insurance)—are deductible. Related Information: Where do I enter my medical expenses? What kinds of medical expenses are deductible? Can I deduct medical, dental, and vision expenses? Why doesn't my refund change after I enter my medical expenses? Related Information: Where do I enter my medical expenses?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:58:09 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medicare-premiums/01/26546#M8

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:58:09Z</dc:date>

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<title>

Can I deduct medical costs paid with HSA or MSA funds?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medical-costs-paid-through-my-hsa-or-msa/01/26545#M57

</link>

<link>...</link>

<description>

The IRS won't let you deduct medical expenses paid with HSA or MSA funds. Those funds are already tax-free and deducting them as medical expenses would be double-dipping. When you get to the medical deduction section in TurboTax, enter all your medical expenses, including those you paid from your HSA or MSA. We'll subtract the portion paid from your HSA/MSA (as reported on your 1099-SA form) so you don't deduct them again as medical expenses.

</description>

<description>...</description>

<pubDate>Mon, 10 Aug 2020 23:24:55 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-deduct-medical-costs-paid-through-my-hsa-or-msa/01/26545#M57

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T23:24:55Z</dc:date>

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<title>

Can I claim the home office deduction for two or more businesses?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/can-i-claim-the-home-office-deduction-for-two-or-more-businesses/01/26540#M37

</link>

<link>...</link>

<description>

Yes, you can claim the same home office space if you have more than one Schedule C business, but you can't deduct the office expenses multiple times. You'll have to split this expense between the businesses so that you’re only claiming the total square footage space once on your return. Here are a few examples of how you might choose to divide the space among your businesses: Divide it based on time. For example, if you use your entire office for each of your businesses, but use it for one business 60% of the time and another for 40% of the time, you could divide the square feet of the space 60/40. Divide it based on space. For example, if you have two businesses and one office measuring 100 square feet, you could enter 50 square feet for each business. Divide it based on a combination of time and space. For example, you might have special equipment for one business that uses 50% of your office space. You use the other 50% for both businesses, splitting your time equally. As a result, you would enter 75% of your home office square footage for your first business and 25% for your second business. Whatever method you choose, when you start entering home office expenses, enter the full amounts you paid during the time you used the space for either office. Do the same for your oth...

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:58:01 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/can-i-claim-the-home-office-deduction-for-two-or-more-businesses/01/26540#M37

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:58:01Z</dc:date>

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<item>...</item>

<item>

<title>

What qualifies as "Principal Place of Business" for the home office deduction?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/what-qualifies-as-principal-place-of-business-for-the-home-office-deduction/01/26539#M35

</link>

<link>...</link>

<description>

One requirement for the home office deduction is that you use a part of your home as your principal place of business. This doesn't necessarily mean that the majority of your business activities need to take place in your home office. What it does mean is that you use your home office&nbsp;regularly and exclusively&nbsp;to administer or manage your business and that substantial administration/managerial activities aren't conducted at any other fixed location. Example: Larry just started his consulting business and has designated a spare bedroom as his office which is used exclusively for business. About 85% of his time is spent outside the home, meeting potential clients in various restaurants and coffee shops. However, he does all his scheduling, planning, and bookkeeping from his home office. These administrative and managerial activities qualify his home office as his principal place of business, even though he's spending 85% of his time outside of his home office. If you have a regular job in addition to self-employment: The "principal place of business" question refers to your self-employment activities, not your regular job. Related Information: Can I take the home office deduction?

</description>

<description>...</description>

<pubDate>Mon, 10 Aug 2020 23:18:45 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/what-qualifies-as-principal-place-of-business-for-the-home-office-deduction/01/26539#M35

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T23:18:45Z</dc:date>

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<item>...</item>

<item>

<title>

Where do I enter the home office deduction for my business?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-the-home-office-deduction-for-my-business/01/26538#M39

</link>

<link>...</link>

<description>

To enter your home office expense along with other common business expenses: Open or continue your return. Search for Schedule C and select the Jump to link in the search results. If this is your first time entering info about your business, you’ll be asked some questions to start. If you have already entered some info about your business, click Edit next to your business. Proceed through any additional screens. You might want to enter your&nbsp;1099-MISC,&nbsp;1099-K, cash, and personal check income from your self-employment before you associate any expenses with your business, but this is not required. You'll be asked What kind of expenses did you have for [type of work]?&nbsp;Select Home office. You can also select any other expense categories that apply to your business. Select Continue at the bottom of the screen when you're done. On the&nbsp;Here's your [type of work]&nbsp;info screen, scroll down to the Expenses section, and select&nbsp;Start&nbsp; next to Home office. Enter the info about your home office. Related Information: Can I take the home office deduction? Where do I enter a 1099-MISC? How do I enter a 1099-K in TurboTax Online?

</description>

<description>...</description>

<pubDate>Fri, 28 Aug 2020 16:43:13 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-the-home-office-deduction-for-my-business/01/26538#M39

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-28T16:43:13Z</dc:date>

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<item>

<title>What does "Regular and Exclusive Use" mean?</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/what-does-regular-and-exclusive-use-mean/01/26537#M38

</link>

<link>...</link>

<description>

One requirement for the home office deduction is that you regularly use a part of your home exclusively for conducting business. Example: Let's say you turned an unused bedroom into your office and installed a computer with its own high-speed connection. You go in there 4–6 days every week for your self-employed job building websites. The room is used strictly for business—contacting prospects and clients, meeting with them, and working on their websites. In this case, your office would meet the regular and exclusive use requirement. On the other hand, if you or a family member occasionally go into your office so they can watch movies or play games on your computer, your office is no longer being exclusively used for business. Similarly, if you work out of your office occasionally or sporadically, it wouldn't be used regularly. Related Information: Can I take the home office deduction? What qualifies as "Principal Place of Business" for the home office deduction? Related Information: Can I take the home office deduction?

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<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:57:59 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/what-does-regular-and-exclusive-use-mean/01/26537#M38

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:57:59Z</dc:date>

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<item>

<title>Can I still itemize my deductions?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-still-itemize-my-deductions/01/26528#M203

</link>

<link>...</link>

<description>

When you finish going through the Deductions &amp; Credits section, we'll automatically give you the deduction, Standard or itemized, that gives you the best outcome on your federal taxes. We estimate that nearly 90% of federal tax filers will be better off taking the higher Standard Deduction. If you still want to switch to the itemized deduction, you can do that. Follow these instructions. With state returns, things are a little different. Some states, like Illinois and Massachusetts, don't have itemized deductions, while others, like New York, require that you choose the same deduction you took on your federal return. When you get to your state return, we'll let you know what’s available according to your state's tax laws. Related Information: How does the Standard Deduction differ from itemizing deductions? How do I change from the standard deduction to itemized (or vice-versa)? What's my standard deduction for 2019? Can I deduct private mortgage insurance (PMI or MIP)? How will tax reform affect my 2018 federal tax return? Related Information: How do I change from the standard deduction to itemized (or vice-versa)? How does the Standard Deduction differ from itemizing deductions?

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<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:57:50 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-still-itemize-my-deductions/01/26528#M203

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<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:57:50Z</dc:date>

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<title>

What can I expense or depreciate with the business safe harbor election?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/business-expenses/help/what-can-i-expense-or-depreciate-with-the-business-safe-harbor-election/01/26516#M31

</link>

<link>...</link>

<description>

When items are purchased for a business, a decision is made whether it’s an expense that you deduct all of the cost now, or you deduct the cost over multiple years (depreciation). There are two elections you can make. One is used to deduct items with a cost of $2,500 or less instead of depreciating. The second election deals with deducting improvements to business buildings. These elections are available for Schedule C businesses, rentals, farms, and farm rentals. For 2019, items $2,500 or less Items that cost $2,500 or less can be taken as an expense this year and don’t have to be depreciated over time. To do this, an annual election must be made. It’s called the De Minimis Safe Harbor election. How do I do this with TurboTax? After entering your business expenses, you will go to the Assets/Depreciation area. The first screen will ask: Did you buy any items that each cost $2,500 or less in 2019? It’s asking about any items that you haven’t entered yet as expenses. If you say Yes, here’s the next screen: We ask a couple of questions and if you say Yes they both apply to you, we ask if you want to take the election to expense items costing $2,500 or less. If you say Yes to that question, TurboTax will add the De Minimis Safe Harbor Election form to your tax return. The next scr...

</description>

<description>...</description>

<pubDate>Thu, 27 Aug 2020 22:03:27 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/business-expenses/help/what-can-i-expense-or-depreciate-with-the-business-safe-harbor-election/01/26516#M31

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-27T22:03:27Z</dc:date>

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<title>

Who is a Qualifying Person for the Child and Dependent Care Credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-a-qualifying-person-for-the-child-and-dependent-care-credit/01/26476#M236

</link>

<link>...</link>

<description>

For the purposes of the Child and Dependent Care Credit, a "Qualifying Person" is defined as one of the following: A child that was age 12 (or younger) for at least part of 2019 and who is also claimed as a dependent on your return. If the child turns 13 during the year, the child will qualify for the part of the year that he or she was under age 13. Exception: See special rules for divorced or separated parents, below Your spouse, if s/he is unable to care for themselves and lived in your home for at least 6 months during 2019 Anybody who lived in your home for at least 6 months during 2019 and was unable to care for themselves, if they: Are claimed as a dependent on your return, or Could have been claimed as your dependent but weren't because their gross income was $4,200 or more, s/he filed a joint return, or you (or your jointly-filing spouse) could be claimed as a dependent on somebody else's 2019 return. TurboTax will figure out if the person(s) for whom you provided care meet these requirements. Special rules for children of parents who are divorced, separated, or living apart Even if you can't claim your child as a dependent, he or she is treated as your qualifying person if: The child either: Was 12 or under or wasn't physically or mentally able to care for himself or...

</description>

<description>...</description>

<pubDate>Thu, 27 Aug 2020 00:20:58 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/who-is-a-qualifying-person-for-the-child-and-dependent-care-credit/01/26476#M236

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-27T00:20:58Z</dc:date>

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<title>

Does preschool tuition count for the Child and Dependent Care credit?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/does-preschool-tuition-count-for-the-child-and-dependent-care-credit/01/26466#M7

</link>

<link>...</link>

<description>

Yes. Nursery school, preschool, and similar pre-kindergarten programs are considered child care by the IRS.&nbsp;Summer day camps also count as child care. Expenses for overnight summer camps, kindergarten, and first grade (or higher) don't qualify for the Child and Dependent Care credit. However, expenses for before- and/or after-school care of a child in kindergarten or higher grade can be considered child care. Related Information: What is the Child and Dependent Care Credit?

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<description>...</description>

<pubDate>Wed, 26 Aug 2020 23:59:44 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/does-preschool-tuition-count-for-the-child-and-dependent-care-credit/01/26466#M7

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-26T23:59:44Z</dc:date>

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<title>Why can't I claim any Child Tax Credit this year?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-any-child-tax-credit-this-year/01/26459#M118

</link>

<link>...</link>

<description>

If you got the Child Tax Credit last year, but not this year, it's probably because: Your child (or children, in the case of twins or triplets) celebrated their 17th birthday in 2019, or Your child has an ITIN instead of a Social Security number. Starting in&nbsp;tax year 2018, children with ITINs don't qualify for the Child Tax Credit, but instead may qualify for the new $500 Credit for Other Dependents ("Family Tax Credit"). Other, less likely reasons you're no longer able to get the Child Tax Credit include: Your child lived with you less than half the year in 2019 Your child paid more than half of their own expenses Your 2019 AGI is too high to qualify for the credit ($440,000 if filing jointly, $240,000 all others) See the qualifications for the&nbsp;Child Tax Credit and the new Credit for Other Dependents. Related Information: What is the Child Tax Credit? Why is my 2019 Child Tax Credit smaller than last year's? What does "tax liability" mean? Is that the amount I still owe? Related Information: Why is my 2019 Child Tax Credit smaller than last year's? What is the $500 Credit for Other Dependents (“Family Tax Credit”)?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:56:42 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/why-can-t-i-claim-any-child-tax-credit-this-year/01/26459#M118

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:56:42Z</dc:date>

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<title>Where do I enter my 1095-A?</title>

<link>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-1095-a/01/26456#M127

</link>

<link>...</link>

<description>

If you purchased health insurance through Healthcare.gov or your state's health insurance marketplace, you should receive your 1095-A by mid-February. Your 1095-A should include info for everybody on your return who was enrolled in a Marketplace plan, and is required to calculate the&nbsp;Premium Tax Credit. Here's how to enter your 1095-A in TurboTax: Open (continue) your return if you don't already have it open. In the upper right, search for 1095-A. Select the Jump to&nbsp;link in the search results. Answer Yes on the Did you receive Form 1095-A for your health insurance plan?&nbsp;screen and Continue. Enter your 1095-A info on the next screen and select&nbsp;Continue. We don't need all the info from your 1095-A, so we'll only ask about the info that affects your return. If you have Form 8962 and a 1095-A, and aren't sure what to do with them, go&nbsp;here for info on how to file them with your return. <A href="https://youtu.be/BnJ8E2ipsgc" target="_blank">https://youtu.be/BnJ8E2ipsgc</A> Related Information: What is the Premium Tax Credit (Related to health insurance)? What if I don't have or lost my 1095-A? I'm on my parents' 1095-A form. What do I do on my return? Related Information: What if I don't have or lost my 1095-A? I'm on my parents' 1095-A form. What do I do on my return?

</description>

<description>...</description>

<pubDate>Mon, 07 Sep 2020 12:56:39 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/credits-and-deductions/help/where-do-i-enter-my-1095-a/01/26456#M127

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-09-07T12:56:39Z</dc:date>

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<title>

How do I file Form 8965 for the health coverage exemption for 2018?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/how-do-i-file-form-8965-for-the-health-coverage-exemption/01/26455#M116

</link>

<link>...</link>

<description>

Form 8965 is generated when you answer certain questions in the Health Insurance section. We'll automatically fill it out (including the exemption code) if anybody on your return didn't have health insurance coverage for the entire year. (Please note, the penalty no longer exists for tax years 2019-2025 due to the tax reform, so you don't need to fill this form out for those tax years.) Here's how to get to the form in TurboTax: Sign in and select a topic to continue your return. In the upper right menu, select &nbsp;and search for 8965. Select the Jump to&nbsp;link in the search results. At the question Did you have health insurance coverage in 2018? select the second or third option and select&nbsp;Continue. When you get to Did you have a situation that waives the tax penalty for being uninsured? check the box (or boxes) that apply, then select&nbsp;Continue. If you have an ECN or are applying for one, make sure you check Got an exemption certificate number. Keep following the onscreen instructions. At some point, we'll display the penalty and exemption code or codes. If you see the message You are exempt from the tax penalty or&nbsp;The penalty has been waived, you won't be penalized. In this case, Line 14 of your 8965 (shared responsibility payment) will be blank. Related Information: How much is ...

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<description>...</description>

<pubDate>Mon, 10 Aug 2020 22:15:48 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/how-do-i-file-form-8965-for-the-health-coverage-exemption/01/26455#M116

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T22:15:48Z</dc:date>

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<title>

What counts as health insurance for my 2019 tax return?

</title>

<title>...</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-counts-as-health-insurance-for-my-tax-return/01/26453#M126

</link>

<link>...</link>

<description>

The following coverage meets the Affordable Care Act minimum requirement for health insurance: Employer-sponsored coverage Employee group health insurance COBRA Retiree coverage Individual health coverage Private plan purchased from a health insurance company (Kaiser, Aetna, Blue Cross, etc.) Healthcare.gov or state Health Insurance Marketplace plan, including SHOP plans Student health insurance plan at your college or university Parent’s health insurance plan, if you’re under 26 years old “Grandfathered” individual insurance plan you’ve had since March 23, 2010 or earlier Government-sponsored programs Medicare Part A, Part C or Medicare Advantage (Part B coverage by itself doesn’t qualify) Medicaid, except for limited coverage plans Children’s Health Insurance Program (CHIP) TRICARE plans Veteran’s Administration (VA), CHAMPVA, or spina bifida health care program Peace Corps Department of Defense Nonappropriated Fund Health Benefits Program Refugee Medical Assistance (RMA) Basic Health Program (BHP) standard health plan State high-risk pools for plan or policy years that begin on or before Dec. 31, 2014 If you’re not sure if your coverage counts, call your health insurance provider and ask if your plan is recognized as minimum essential coverage. Related Information: What doe...

</description>

<description>...</description>

<pubDate>Mon, 10 Aug 2020 22:15:45 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-counts-as-health-insurance-for-my-tax-return/01/26453#M126

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T22:15:45Z</dc:date>

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<title>What is the Affordable Care Act (ACA)?</title>

<link>

https://ttlc.intuit.com/community/health-care/help/what-is-the-affordable-care-act-aca/01/26426#M32

</link>

<link>...</link>

<description>

The Affordable Care Act (ACA, also called "Obamacare") was enacted in March 2010 with the goal of making affordable health insurance available to more people. In addition, it expanded the Medicaid program in many states. With the ACA came tax penalties for uninsured and underinsured taxpayers that didn't qualify for an exemption. However, starting in tax year 2019, the Tax Cuts and Jobs Act eliminated the penalty on federal tax returns. Health Insurance Marketplaces, or exchanges, were created by the ACA to provide health plan shopping and enrollment services to individuals, families and small businesses. HealthCare.gov is operated by the federal government and a few states run their own state Marketplaces. When you purchase health insurance from a Marketplace, you may qualify for a Premium Tax Credit (PTC) to help make your health coverage more affordable. You can purchase health insurance during a yearly open enrollment period that runs from November 1 through January 31. The only other time you may be able to enroll is when you’ve had certain life events, including losing health coverage, moving, getting married, having a baby, or adopting a child. Related Information: What counts as health insurance for my 2019 tax return? What’s my state Marketplace? What is the Premium T...

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<description>...</description>

<pubDate>Mon, 10 Aug 2020 22:00:52 GMT</pubDate>

<guid>

https://ttlc.intuit.com/community/health-care/help/what-is-the-affordable-care-act-aca/01/26426#M32

</guid>

<guid>...</guid>

<dc:creator>TurboTax Help</dc:creator>

<dc:date>2020-08-10T22:00:52Z</dc:date>

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