Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

Maximize Personal Tax Deductions: Itemized vs Standard

If you’re confused as to whether it’s better to take the Standard Deduction or Itemize Deductions on Schedule A, you’re not alone. Personal tax deductions include such things as charitable donations, mortgage interest, property taxes, state income ta... read more

Dependents: Children, Relatives & Others

If you want to get those juicy dependent tax credits and benefits, it’s important to get it right. Getting it wrong can create an IRS mess you don’t want to be a part of - trust me on this one! If the result isn’t in your favor, not only will you lik... read more

Charitable Donations: A Tax & Giving Win!

It’s always wonderful to donate to charitable causes. But did you know that the type of organization you donate to can actually make a difference on your taxes - and even whether or not you can actually deduct it? For example, donating cash through a... read more

Favorite Tax Deductions & Credits for Families!

Everyone knows there are tax benefits to having children and dependents and some are pretty amazing! If you’ve ever had questions about the popular Child Tax Credit (CTC) or Earned Income Credit (EIC), this is the place to be! TurboTax does the think... read more

Tax Deductions Worth Looking Into!

It seems the most popular question at tax time is “Can I deduct this…?”. Of course you don’t want to pay more taxes than you need to; and you want to get all the tax deductions and credits you’re entitled to take. The resources below have helped many... read more

Arizona Chartible Donations

Arizona Charitable Donation tax provision permits a dollar for dollar tax credit. My Arizona state amount due is $787.00 but when I enter that amount into the Turbo Tax program as my Charitable donation to St. Mary's Food Bank. I get a $20.00 state t... read more

Form 7203 not importing to Schedule E correctly

I see that similar questions have been asked before but I didn't see an answer to my specific question so will ask again. On my Schedule K-1 (1120-S), I have losses (ordinary business loss, Section 179 expense) for the current year that are completel... read more

prior year vehicle depreciation

I need my prior year vehicle depreciation number for our current business portion of our filing. From what I have read in prior posts, the number should be on our prior year Form 4562. The only depreciation showing on both the Depreciation and Amorti... read more

Applying an excess HSA contribution to next year - How to handle in TurboTax

My husband accidently gave our HSA account number and routing information to a retailer from whom he was expecting an EFT payment for the sale of a item. That payment then resulted in an excess contribution of $185 to our HSA account since we had alr... read more

In 2024 I retired, sold my TX home moved to FL, invested with a financial planner. Can you help me?

How do I sign up to file my 2024 taxes with the help of an Intuit tax expert?

Can I deduct business expenses if I did not earn any money?

I am a realtor and I did not earn anything last year can I deduct expenses and carryforward?

home sale tax for inherited home

My parent sold me the deed in 2007 for $1 and I justsold the house yesterday. I sold the house for $195000.I make under $20000 a year. How much capital gains tax can I expect to pay?

Futures trading costs through prop firm acct purchases

If someone day trade futures with prop firms, Apex, Topsteps etc. Are they able deduct the costs associated with acct purchases and activation fees, etc? Futrues firms only send 1099-NEC (amount you made) but not all expenses.

Per diem Tax

For 2024, my employer pays me a per diem of $69 per day (I live in California and am a truck driver). This amount is included in my salary. In my 2024 W2 form, my employer included in column 1 (wgs, tips, other compn) per diem for the entire year. My... read more