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
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
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
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
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
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
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
My wife's Obamacare insurance qualified for an HSA in 2024, but not in
2025. For some reason, even though she was covered every month in 2024,
and we made no contributions to the HSA for/in 2025, it's saying we owe
money because of the "last month" r...read more
Google stated on TurboTax go to Federal Deductions/Credits, Other
Deductible Expenses, then Cars & Other Things You Own, and then Car Loan
Interest. Car Loan Interest does not show up on my end.
After completion of 2025 Federal taxes, during the 'checking' phase, an
error pops up asking for some entry in line 4-b-1-c of the Form 1116
worksheet (foreign tax credit). This is the line that is a follow on
from deductible other interest line 4b -...read more
AmosPosted 2 hours ago
| Latest post 21m ago by
Amos
Line 32a of IRS Form 5695 includes a checkbox for a joint occupancy
situation. (This is distinguishable from line 32b, which includes a
checkbox for co-op or condo situation.) TurboTax asks for an answer
about co-op or condo (line 32b) but does NOT h...read more
Line 14 Smart Worksheet Line F..... Turbo Tax indicates it is an error
that has to be corrected if I do not enter an amount greater than Line
G. What amount should it be? Every amount I enter adds line F and G
together on the IRS schedule, Line 14A, ...read more