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

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.

my dependent care credits are decreasing this year despite my costs increasing, why?

I spent about $30k on daycare this year, for two kids, which i think I would get 20% back on the max of $6000, for a tax credit of $1200, which is what i got last year.

when will the Energy Efficient Home Improvements section be ready?

When will 2025 TurboTax section, Energy Efficient Home Improvements, be open to access for taxes?

How to deal with federal credit for Georgia film credit

- I am single and retired and have made 2025 estimated tax payments to Georgia for about $20K which I estimated my total tax liability for 2025. Based on this, I plan to itemize my federal and state since my itemized deduction should be larger than s... read more

US Form 5695 Residential Energy Credits "Available Soon" yet "Available"?

The form says available according to the TurboTax form availability page. It originally said the Form was due to be available on 1/21/2026. However within the App it still says "Available Soon". Looks like the "Form" is able to be manually filled out... read more

Can TurboTax Premier handle foreign rental income(Schedule E + 1116)? If property is held by a U.S. company, what forms apply? If foreign company, need CPA for 5471/FBAR?

Looking at buying a rental property abroad. Attorney suggested using a U.S. entity to hold title for simplicity. I’m trying to understand how TurboTax handles foreign rental income (Schedule E + 1116) and whether additional forms apply depending on s... read more

Why is non-taxable state refund being subtracted on this year's schedule A?

A non-Taxable State Refund is showing up as a deduction on schedule A. Taxes were itemized in 2024 and SALT cap limited. The excess over the cap is more than the refund. In this case there was a state payment with the state extension in 2025. TurboTa... 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