Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

I own a home through a morgage, and bought mortgage new one out right. Havnt moved in yet last year 2020. But havnt sold the other yet either. Do I need to file, if so?

Already filed both property taxes, but there isn't any section for purchased new home and so on.... I need to know if there is setting I am missing to make sure I covered all basesThanks in advance

What address do you put down for charitable trust maintained at schwab?

MFS community property state

My spouse and I both are filing separately. We don't own a business twe only get our w-2 from our jobs we work at. Do we need to fill out form 8958 community property ln the state of Texas?

Software glitch? Self-employed health insurance premium tax credit smart worksheet has a negative number...

Had my taxes prepped and ready to e-file with no errors two weeks ago. Opened turbotax today to double-check the numbers and the review turns up the following error: "1040/1040SR Wks: SE Health Insurance the amount of the self-employed health insuran... read more

Line 12c, Code W. on W-2 Form

Long story short, I had an HSA account back in 2012-2015 and had funds left over in that account. I never used those funds, since I RARELY go to the doctor and now they are appearing on my 2020 W-2 and I am being taxed for them. My problem is, I CANN... read more

How to deduct my Hurricane Zeta home repairs, confusing (TIA :D)

Many thanks in advance! We live in federal declared major disaster area in MS (ZETA, 11/2020). I'm hoping I can deduct the repair expenses to our primary residence. I rented a big bucket lift & a chainsaw to remove a 14" broken-off live oak main bran... read more

Why is it saying I can't e file my sate taxes because of organ donation .... I didn't put that I donated any organs.

I tried getting the stipend by a tax rebate this tax year, they corrected my return to 0. how else can I track down my stipend? I am at a loss .

I entered my info in the check stipend tool and it says I have errors. I am concerned about where it is!

How do I use a Solar Tax Credit

I have filed my 2020 taxes and the Home Energy Credit is 5,658 for the solar panels that were installed onto my roof in 2020. I am trying to figure out how to actually get the 5,658 dollars and not just have a credit rolling forward for years? I have... read more

We purchased a home 22yrs ago for 260,000 and now selling for 1.80 million profit of apprx 1.55M what are the taxes owed on this sale living in CA married file jointly?

Thanks for any help on how to reduce taxes owed

How do I elect a section 179 deduction for a vehicle purchased in 2017 in Turbo Tax Home & Business?

The truck is over 6,000 lbs, has a cargo space over 6' and is used more than 50% for business. I have been guided through no depreciation options.

Winter Storm Damage to Home (Texas)

The wooden deck attached to my home (bought in 2006) was damaged during the freeze in Texas this February. Several footings cracked and the deck settled which now requires repair. Estimates for repair are in the $6-$7k range. My insurance did not cov... read more

What medical bills can I use as a tax deduction on my 2020 taxes? What amount do I enter for Medical Professional Fess? Is it total hospital costs while in doctors care?

Sub Chapter S K-1 Line 17 code V problem

TT insist that I enter a stock sale for this code when no SubS stock was sold. We have two K-1's that appear to have identical entries but one goes through and the other doesn't. Why? What should I look for?

Can I use the standard deduction instead of itemized deductions. The itemtized were only $2,650.00

Only received unemployment insurance (19,464.00) with only $2,650.00 itemized deductions and it's showing that I owe $841.00 state tax. With the standard deduction wouldn't the state tax be less?