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

Maryland Local Earned Income Problem

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

Return wrongly calculated

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?

2024 NC Income tax is not using the correct value for taxable income

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

Need help - Capital gains and dividends/interest from India

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

In Michigan, does the mandatory premium for PIP coverage count toward "medical part of automobile insurance premium" even if I opt out?

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

Home office depreciation not auto-calculating?

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

Why has my HSA Contribution has been added back to my California income and not treated as deductible?

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

TurboTax is saying I have a financial account in a foreign country, but I don't. How do I delete this off my taxes?

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! 🙂

HSA contributions from husbands employer to my HSA

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