Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

Top 6 Tax Changes: One Big Beautiful Bill Act (Video Series)

Your refund might be bigger this year due to The One Big Beautiful Bill Act (aka Working Families Tax Cut). Learn about: increase to the Child Tax Credit increased SALT deduction (State & Local Tax) new car loan interest deduction “no tax on tips” “n... read more

Your W-2: Box 14 codes for No Tax On Tips & Overtime

For 2025, the IRS has kept the W-2 form the same as prior years. This means that many employers are utilizing Box 14 to reflect changes in the tax laws such as “No Tax On Tips” and “No Tax on Overtime”. Box 14 is typically a space for employers to in... read more

Earned Income Tax Credit: This is the Big One!

Have you heard about the Earned Income Tax Credit (EITC or EIC)? It’s the largest refundable tax credit available to taxpayers with low to moderate income. The fact that it’s "refundable" is what makes it so desirable and helpful for many taxpayers. ... read more

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

Missing Change my deduction option to change to itemized deduction 2025

After filing my 2025, I was advised by my financial advisor I should have chosen to itemized deductions. When I attempt to amend my filing, TurboTax only display standard deduction is better for me without giving me an option to change to itemized de... read more

Can I claim tax credit on my NC State Income tax for foreign taxes paid which are reflected in my 1099 DIV’s?

The TurboTax on -line form mention tax credit for Other States or COUNTRIES, but only provides options for the 50 states and territories

Home energy credit input on desktop

Thought I entered all relevant information to receive home energy credit for heat pump. Could not find place to enter replacement of electrical panel. Summary indicated no credit available. What gives?

Deluxe when Foreign Account more than $10K but less than $50K

I have a foreign bank account, and during the last calendar year, I had more than $10,000 in it but less than $50,000. TurboTax says I don’t need to report the foreign account because I had less than $50,000, but I’m still being required to upgrade t... read more

Medical Expense Deductions - HSA-paid expenses are excluded

IRS Publication 502 says:"...You can’t include expenses you pay for with a tax-free distribution from your health savings account. " I pay Medicare Part B premiums, copays, deductibles and pharmacy expenses with HSA money.Is there a way TurboTax can ... read more