Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

How Taxpayers Can Claim the Expiring 2025 Home Energy Tax Credits: Video Guide

Tax Year 2025 represents a strict deadline for homeowners seeking federal tax credits for home energy-efficient improvements. The passage of the One Big Beautiful Bill Act (OBBBA) accelerated the expiration of most residential energy tax benefits. Ho... read more

Federal Clean Vehicle Tax Credit Ends: 2025 Video Tutorial

Attention taxpayers, if you purchased an electric vehicle (EV) before the September 30, 2025, deadline, you may be eligible to claim the Federal Clean Vehicle Tax Credit. This credit offers a dollar-for-dollar reduction of the taxes you owe. However,... read more

New Tax Deductions & Changes - One Big Beautiful Bill Act (OBBBA)

Be prepared and plan ahead for differences in your tax refund or balance due - hopefully in a good “more money in your pocket” kind of way! Let’s clear up the confusion about major changes in tax deductions such as no tax on tips, Social Security, an... read more

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

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

When exactly will the Home Energy Credit section be ready so that I can complete my filing?

Enter Ending Mortgage Balance to calculate Average Balance

How do you enter the ending mortgage balance so TT can calculate the average by (1/1 +12/31)/2? I entered the numbers off of the 1098 which include the beginning balance but not the ending balance. TT is not asking for the ending balance and just use... read more

Entering Average Mortgage Balance for Interest Deduction Directly

Why doesn't TT allow you to enter average mortgage balance directly instead of forcing you to you to use the (1/1 + 12/31)/2 method which may not be right for you. It allows you to enter the "ending balance" - any number you want - so why not the act... read more

Standard Deduction for Taxpayers over 65 does not include $6,000 "Senior Bonus" in your free Turbotax version

I am a single taxpayer over 65. My standard deduction for paying 2025 taxes in April 2026 should be:$15,750 as a single taxpayer plus $2,000 for being over 65, PLUS $6,000 as the new "Senior Bonus" in the OBBA bill. Yet, your free TurboTax version on... read more

Home Energy Credit

I got an email saying that the Home Energy Credit form was now available but when I go to finish my taxes, it still says unavailable. When will this be available so I can finish my taxes?

Tips included in box 1, employer gave separate tip amount in letter

Hello, My wife's employer included all of her tips in box 1. Nothing in boxes 7 or 8. They sent us a separate letter telling us that she had over $19,000 in tips eligible for the new deduction, but I can't find anywhere to enter that. Again, these ar... read more

Does anyone know when the section on Home Energy credits will be finalized in TurboTax? I can't input my information there, so I can't complete my return.

This is the second part of the credit. I put most of it on last year's return.

De Minimis Safe Harbor - Materials & Supplies

I am confused on some of the answers I've found for DMSH and materials and supplies here and other forums. From what I've read a lot of people are saying that incidental items don't need to be claimed under the DMSH but the materials and supplies as ... read more