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

Issued 1099s in 2024 for House I'm Flipping in 2025

I bought a house to renovate and sell in 2024. I had to send 1099s to a couple workers (landscaper, drywaller, etc) who were not incorporated. If we issued a 1099 in 2024 but haven't sold the house yet, do we list the amount the 1099 was issued for a... read more

Why does Turbotax show an excess contribution to my HSA when there is not one?

I have received a $2,000 employer contribution to my HSA every year for the last 5 years and I have contributed nothing every year as well. Nothing has changed in 5 years filing through turbo tax including my benefits or coverage, but now TurboTax is... read more

This answer has been verified for accuracy by an Intuit expert employee deduct from federal agency bonds interest from state taxable income

I own several U.S. government backed federal agency bonds that are state tax-exempt (Federal Home Loan Bank, Fed. Farm Credit Bank). Interest from these is included in my brokerage 1099-INT (Box 1). I cannot find a way in TT to designate that this in... read more

can I claim as head of household?

I am much older than 65, widowed, live in our house with my working son. would I be able to file and take standard deduction as head of household? s

My Father's Estate - Forfeited Real Estate Deposit Received

I am the executrix of my father's estate. Do I need to report a forfeited real estate deposit the estate received for my father's personal residence? If so, which tax year do I report it on? The deposit was received in December 2023 but the house was... read more

Capital gains and losses BUG in the state return?

After successfully entering my Oklahoma Return TurboTax using "Step-by-Step" it makes a last check but finds a "problem" and displays form 561 for "Capital Gain Deduction For Residents Filing form 511". The display error is to the effect about having... read more

How do I enter 2025 HSA medical expenses?

where do i enter 2025 hsa medical expenses?

Why this message? Earlier you told us you have $0 in teacher (educator) expenses, so there’s nothing to deduct. You can go back and enter a different amount or keep going

I have educator expenses, and I have reported them as $250, but I get this message when I do. How do I get TurboTax to accept my report of $250 in expenses?

S Corp 2% shareholder health box 14

S Corp greater than 2% shareholder with shareholder health paid by the company - correctly reported on W-2 as wages and in Box 14. How do I enter the insurance piece in TT in order to get my deduction?

Form 8582 - NOT TAKING THE LOSSES

Hi. I have rental properties that have losses. Turbo tax is doing everything correctly. On my form 8582 Part II it shows that I can take about $20k of losses from this year's income. This is correct. HOWEVER, I don't want to take the losses against i... read more