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
Entering a 1098-T for one of my kids. He took a training program at a
community college, with tuition covered by government grant. He's had
these before, never gotten a 1098-T, but for 2022 he did. So box 1 say,
$3000, box 5, $3000. Turbotax did the ...read more
If you had to do home incarceration but they didn't pay for your food
didn't pay for your meds I still even had to pay rent while I was on
home incarceration what can I file on my taxes.. My entire savings was
went thru. Please help with choice!
Hello!I sold few properties in India between April 1, 2024 and January
15 2025. These will be reported in the Indian Income Tax Return to be
filed before June 30, 2025.Which year's tax return do I report them in
the USA? Do I report the 2024 India sa...read more
venkydPosted January 17, 2025
| Latest post yesterday by
punjun2019
I’m a sole proprietor with marketplace health insurance using TurboTax
Home & Business Desktop 2024. So I enter my 1095-A data and link my plan
to one of my Schedule C businesses and it calculates my Self-Employed
Health Insurance Deduction (SEHID) w...read more
lac528Posted yesterday
| Latest post yesterday by
Mike9241
I installed solar panels on my home roof in 2019. I generated Solar
Renewable Energy Credits (SRECs) which were sold in energy credits
market by a SREC trading company on my behalf. Are those sales taxable,
federal or Maryland state? If so, should I ...read more
vdotsPosted March 12, 2021
| Latest post yesterday by
MikeyV
I was unemployed for 3 months of the year and got health insurance from
WA state exchange, and was qualified for premium tax credit for about
700$ a month. And my yearly income is above the 400% poverty line so I
assume I'll need to pay back those ta...read more