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
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?
jabingbPosted 3 hours ago
| Latest post an hour ago by
DawnC
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
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
jason1578Posted January 30, 2023
| Latest post 8 hours ago by
Terry65
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
Hello I'm a novice and just want to make sure because last year I had a
pretty size refund but this year my "Child and Other Dependent Tax
Credits" is $0 and my "Earned Income Credit (EIC)" is only $410 for 2
child. Thank you so much.
txkptPosted February 20, 2023
| Latest post 10 hours ago by
DMarkM1
I had to pay some $8000 in taxes for Crypto gains in 2021. Right after
the start of 2022 I lost most of that gain as I was still holding the
Cryptos. How do I claim this loss to get back some of the $8000 I had to
pay?
24HalTaxPosted 13 hours ago
| Latest post 10 hours ago by
Opus 17
I had already filed my taxes for this year when I was told don't forget
the credit! by a family member and was sent a form from PR. I inherited
part of my mother's home with some relatives that live in PR (I don't)
and then it was sold to a different...read more