Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

Earned Income Tax Credit: This is the Big One!

Have you heard about the Earned Income Tax Credit (EITC or EIC)? It’s the largest refundable tax credit available to taxpayers with low to moderate income. The fact that it’s "refundable" is what makes it so desirable and helpful for many taxpayers. ... read more

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

Paying Taxes on Products Received to Review through Amazon Vine

I was selected to review products through the Amazon Vine program last year. The products they send are considered compensation/income in exchange for the review. However, they do not allow us to sell or give away the items for 6 months. And some of ... read more

I inherited our parents home along with 3 sisters. We sold the home and split the proceeds. Do I enter the contract price when form is asking for Fair Market Value?

on 1099S. asking for Fair Market Value when previous owner passed away. Home was never in our names.

hsa contribution limit for one parent and two children?

HI, I have hsa eligible health insurance plan, conver me and my two children, 12 and 14. I thoght my limit is 8550 for 2025. However, my hsa custodian says my limit is 4300. is it right? I just notice when I log into my hsa account. worse worst scena... read more

Capital Loss Carryover issue

I have all my taxes complete except the Capital Loss Carryover section is giving me trouble. -It's currently showing 2025: Not Started, 2024: N/A so I click into it and it says "Info from your 2024 tax return" and has the chart with the ST/LT capital... read more

Where is access for Will Builder?

I have purchased Will Builder. I have not received an email to access it nor does it appear under my products. Yes, I have checked my spam folder. Thank you.

My hail damage disaster between april 2025 and July 2025 on my home roof caused me to replace my roof for a cost of $15000. does this qualify ?

do you need copies of my bills in replaceing my roof?

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