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
I have always used "It's Deductible" within TT, but this year it is not
available. I looked at the last 2 years to see the value of my donations
(as determined by It's Deductible). The 2023 value was the largest (for
discussion purposes let's say it ...read more
CrisPosted 14m ago
| Latest post 12m ago by
CatinaT1
In doing my 2025 return using Turbo Tax Desktop, when I get to the PA
State return, it shows a rental property that I sold in 2024 abd is
asking me quesion about my rental income. How do i remove this asset
from my return? I cannot figure it out
I have been working on this for weeks -our LLC has 3 memberswe lost
money yet TT included 1/3 of our income as SE earningsI've checked - we
hvae no rental or roalitiy income -- boxes are blank - only service
incomeI've implimented all the prevous TT ...read more