Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

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

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

What can I use instead of ItsDeductible?

I got a note saying ItsDeductible will be decommissioned, and I don't think Mint is a good fit. What else can I use to track donations?

Primary residence capital gain tax after removing a co-owner

Hi, Me and my mom co-own a house (50-50). She has been living there as her primary residence for more than 2 years, and I live somewhere else. I plan to transfer the title to her completely so she can take the full primary residence capital gain tax ... read more

Can I open an HSA mid-year after switching jobs if I had an FSA with my previous employer (funds fully used, no COBRA)?

I changed employers mid-year. I had an FSA account and now I would like to open an HSA account with the new employer. This would happen in the same fiscal year. The FSA funds have been used already. I also understand that my new employer funds a smal... read more

I forgot to file for 2022 it stated that I over paid for ssa

Can I submit paid property taxes for a personally owned home (no mortgage)?

I inherited a home that is paid off which I have been paying property tax. Can I file the property tax? I do not have a 1098.

How do I enter foreign currency loss incurred when I sold foreign stock?

I sold some stock traded on a foreign exchange. My 1099 shows the normal gain/loss upon sale. It also shows an additional foreign currency loss incurred related to the timing of the sale vs the conversion of the sale proceeds to US dollars. How do I ... read more