Tax Credits and Tax Deductions | TurboTax® Support

Deductions & credits

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

DAF (Donor Advised Fund) Contribution

Where and how do you report or enter your DAF contribution in the TurboTax worksheet? Thx.

Foreign Tax Credit

Per IRS, "You can choose whether to take the amount of any qualified foreign taxes paid or accrued during the year as a foreign tax credit or as an itemized deduction. You can change your choice for each year's taxes".I have $650 in foreign taxes pai... read more

I see where I'm supposed to get a tax credit for installing a charging station for my EV. I installed it in 2022. Where can I find this form?

This is for my 2023 EV.

Social Security tax withheld

My employer is taking 6.2% of social security wages in box 3 plus taking another 6.2% in box 7 which is tips. I'm trying to convince her that Social Security taxes withhold is only for box 3. It's showing I overpaid way too much, but she's telling me... read more

RV as a rental - what can be depreciated

I have a client that purchased a RV to rent out but also use personally. He had a Hitch installed on his truck for the fifth wheel? My question is the hitch a depreciating item or just a normal expense

I cannot locate my 2022 w2 form on my account. Why?

I need a copy of 2022 w2 form for employment verification

1 Car 2 businesses - standard mileage or actual expenses

Greetings,I have one car and two businesses. Can I use standard mileage for one business and use actual expenses for the 2nd business?If so, why would I do this? Thanks,BK

California EV tax credit

Bought a Chevy Bolt in Feb '23 and the tax credit is not appearing on my return, I don't owe anything but no refund either. Is there a CA credit as well?

I bought a new energy-efficient furnace and A/C in 2022. Am I eligible for that tax credit still? I have already submitted and received my 2023 return.

I don't recall seeing anything when I was doing my taxes and I've never heard of this credit until a friend told me this year.

does form 1116, foreign tax credit for $587.20, nonresident tax withheld from dividends, lower my taxes?

Will form 1116 lower my income with foreign tax credit of $587.20 ?

home office deduction exceeds business income

TT shows that my home office deduction (~$200) exceeds my business income (~$100). Is this possible? I thought that allowable home office deduction for the current year is always adjusted to be less that business income for the current year. Am I doi... read more