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
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
KlowniclePosted 2 weeks ago
| Latest post an hour ago by
apax
I have a 529 for my daughter to pay for her college tuition. I received
the 1099-Q from the 529 showing the distribution split between basis and
earnings. Which I then used to pay for her tuition. She received a
1098-T from her college showing the pa...read more
This year, I contributed via paychecks a total of $5370 to my HSA. I
contributed an additional $3220 to it for a total of $8590 (barely over
the family contribution limit of $8550). Our gross distribution is
$9007, and we had a balance of $534 from 2...read more
My 2025 employer and payroll contributions: $4,300 (self-plan)Wife's
2025 employer and payroll contributions: 8,550 (half year self-plan,
half year Family plan)TurboTax is still saying we overpaid with excess
contribution of $4,300, but it's not taki...read more
car1234Posted yesterday
| Latest post yesterday by
Mike9241