Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

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

Charitable Donations: A Tax & Giving Win!

It’s always wonderful to donate to charitable causes. But did you know that the type of organization you donate to can actually make a difference on your taxes - and even whether or not you can actually deduct it? For example, donating cash through a... 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

Unexpected IRA Deduction

Hello, I need a help.I'm working on 2024 tax report and got stumbled on IRA deduction section.I'm getting deductible IRA of $3420 even though all my contributions should be non-deductible IRA.I used to exceed MAGI and had to do backdoor Roth conversi... read more

Form 889

Form 8889 line 116 says "Subtract line 15 from line 14c. If zero or less, enter -0-. Also, include this amount in the total on Schedule 1 (Form 1040), Part 1, line 8f. Schedule 1 (Form 1040), Part 1, line 8f says "Income from form 8889". Turbo tax do... read more

why does turbotax show a medical expense deduction for my medicare premiums when i am taking the standard deduction?

I purchased a new home.My buyer's agent paid me cashback and asked W-9 from me but didnt issue any 1099 form.Is this cashback taxable?How to handle this while filing tax?

Cashback amount is around $20K. He asked w9 from me but didnt give any 1099MISC or 1099NEC or any form to me. Do i need to declare this while filing tax? Is this taxable income? What's the best way to handle this?

I am filling on J-1 visa. I have salary support from Canadian fellowship. I wanted to know how to proceed or report this on US tax return or take treaty benefit?

I am resident alien.

Can we deduct mileage on the work my spouse does for our COMMUNITY EMERGENCY RESPONSE TEAM as he backs up our First Responders on their calls?

This organization works under the county OFFICE OF EMERGENCY SERICES

Incorrect Amount in Tax Break

I I converted my primary residence into rental for last 5 months. I paid total mortgage interest of 27,118.90 and property taxes of $2619.18. I put $15,782 (27,118.90 /366 * 213) of mortgage interest and $1,524.27 for property taxes in 1098 for 7 mon... read more

I selected "yes" for paying for childcare and selected that my child lived with me. However, it is not allowing me to enter any amounts paid.

Difference in HSA contribution between W2 and HSA Bank 1099

Hi,My 2024 W2 shows the total amount contributed this year for HSA contributions through payroll and through employer contributions and that comes to 6500. I added my own contribution of 1800 for 2024 taking the total to 8300, which is the limit for ... read more