Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

Your W-2: Box 14 codes for No Tax On Tips & Overtime

For 2025, the IRS has kept the W-2 form the same as prior years. This means that many employers are utilizing Box 14 to reflect changes in the tax laws such as “No Tax On Tips” and “No Tax on Overtime”. Box 14 is typically a space for employers to in... read more

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

How do I indicate (on the Vehicle Excise tax deduction page) that I paid vet in two states in 2025?

Paid vehicle excise tax in both MA and ME (after a move). How do i enter both or indicate both separate figures?

What's up with ItsDeductible being Discontinued (AGAIN) on short notice

I just got email notifying me that ItsDeductible was being discontinued as of October 21, 2025 (less than 2 mo away). I logged into ItsDeductible on the web and the page is still saying "get started with ItsDeductible"!!!)I called, and confirmed that... read more

Itemizing State Only

Has turbo tax fixed the issue with itemizing deductions on an Oregon state tax return but taking the standard deduction for federal? I was under the impression it was automatically done, if you completed the Schedule A on your federal return, but aft... read more

TurboTax is not accounting for the mortgage interest deduction limit for balances over $750k. I see no way to correct this on my own. Can someone help? Thanks.

I entered my 1098 details and TurboTax summed up all my interest owed and counted that towards my deduction. I got a notice from the IRS that I only claim an interest deduction for a mortgage amount up to $750k. I see no way to correct this on my ame... read more

Schedule B (Form 1116) for 2025 does not get loaded

I am a Turbotax user for last 15 years. Previously Schedule B (Form 1116): Foreign Tax Carryover Reconciliation Schedule would automatically get populated from last year Turbotax files. In Turbotax 2025 it should import the Carryover Reconciliation f... read more

2025 Itemized Deductions for New York State

This is still an issue for tax year 2025. I itemized Federal, and even the manual by hand math shows I have a NY deduction much greater than the standard even with income reductions.. Turbo Tax online gives me no option for the IT-196 or even to choo... read more