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
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
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
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
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
Hi All - I'm having a problem with my daughter's Maryland return. She
got an unexpected W2, so I'm (trying to) amend her original return. The
Maryland State Earned Income Credit correctly notes that with her higher
income, she has a smaller credit. L...read more
DavidCDPosted 3 weeks ago
| Latest post 22m ago by
DavidCD
The IRS calculated our income much higher than TurboTax which changed my
refund from $2451 to $291. My question is how could TurboTax
miscalculate the social security income on our return?
I believe my NC state tax return is not using the correct value for my
taxable income. We were effected by Hurricane Helene and I filed a
casualty loss form - 4684. The loss is being correctly applied on my
1040-SR but on my NC D-400 the value of my ...read more
I have redeemed some mutual funds in India last year and made some gains
from them. Also have received dividends and interest from bank accounts
in India. A couple of questions :- How do I enter the TDS (tax deducted
at source) in India in Turbotax d...read more
av2799Posted Sunday
| Latest post 51m ago by
av2799
My agent said that if I opt out of PIP coverage because I have health
insurance, that I cannot deduct the minimal mandatory PIP coverage in
Michigan. Does anyone know if that is true? Turbotax asks for medical
insurance and HMO premiums paid includin...read more
I am taking the itemized home office deduction for the 4th year. Home
office depreciation was auto-calculated so far every year. This year,
the auto-calculation does not seem to work - showing zero depreciation.
Same office, same business use percent...read more
winexxxPosted Saturday
| Latest post 57m ago by
winexxx
My HSA Contribution increased my taxable income on my Federal return but
then reversed once I completed the section. BUT on my California return
I got a message that the contributions have been added back to my
California income and are not deductibl...read more
rtaitzPosted June 1, 2019
| Latest post an hour ago by
MayaD
I keep pressing the button that I don't have financial account in a
foreign country and saving, but it keeps reverting back to I have one.
How do I fix this? Thank you in advance! 🙂
My husband's previous employer seeds my HSA (he is on Medicare so does
not have an HSA). This is triggering a taxable excess contribution in
Turbo Tax for his HSA even tho he doesn't have one. I enter that he
doesn't have one but it keeps adding it. ...read more