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

Does letting a parent claim you affect my own personal tax return?

TT is calculating my Foreign Tax Credit to be $0

Hi,This is for Tax Year 2023 using TurboTax Home & Business Desktop (Mac).Problem: TurboTax calculates by Foreign Tax Credit to be $0. Here's my situation:I received bank interest from some foreign banks. I paid foreign income tax on the bank interes... read more

What should I do? We bought with cash. We do not have a mortgage or loan. It keeps asking me for mortgage information and it won't go forward with my return.

Non-prototype 401k plan

The program does not allow me to enter my contribution numbers as they were over the programs calculation. Additionally I could not figure out how to override the number on the form itself. I ended up filing anyway despite my losing 6k in deductions.

Land for business use

I was wanting to purchase a small plot of land next to my business to make it into a parking lot. Can I deduct that land price from my taxes as an business expense

Do I qualify for an adoption tax credit if adopting a child out of foster care and no out of pocket expenses are paid by me?

I was advised by the adoption agency that there would be a tax credit we would be able to receive next year once the adoption is finalized this year. Trying to confirm if this is correct.

How do I print my itemized charitable donations that were entered into Turbo Tax?

I need a list of all the items I entered into each charity.

I inherited farm land in 1995, I am selling it now. Will I have to pay taxes on the proceeds of the sale?

the sell is less than $ 200,000

Can Personal entry included Country Code instead of US States or Foreign Country (FC). How to do it right initially or change in 760Y?

Wife moved in to Virginia from Asia. Completed all filing especially Peresonal data of moving to VA state in Sep 2023 and had to select FC. When running final review, Turbo said error and offerred to change to international Country Code (TH). Why it ... read more

This site and app keep wanting me to upgrade because I "have a foreign investment listed." I've gone back thru and specifically answered "no" to those questions.

I have tried to go back and save and then click the back button to confirm the changes are saved and they show saved, but by the time I get back to the screen to submit I get the same error. I have also tried on the app and have the same problem

Form 8880 Line 4 Certain distributions - Is TurboTax Doing It Wrong?

The IRS in https://www.irs.gov/pub/irs-pdf/p590a.pdf page 45 states " Eligible contributions. These include 1. Contributions to a traditional or Roth IRA; 2. Salary reduction contributions (elective deferrals, including amounts designated as after-ta... read more

Clarification on commute mileage for work and between work sites

I am a home infusion/hospice nurse that works for a major hospital chain. I commute directly from my home to a patient's home, work with them, and then commute to another patient's home, etc. My work schedule is set so that I see the same patients on... read more

Eic and investment income

If I have a negative amount from rental income in a schedule E and capital gains and dividends also would the rental income which is negative offset the gains and dividends so I would qualify for the eic

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Featured Topics

Favorite Tax Deductions & Credits for Families!

Tax Deductions Worth Looking Into!

Does letting a parent claim you affect my own personal tax return?

TT is calculating my Foreign Tax Credit to be $0

What should I do? We bought with cash. We do not have a mortgage or loan. It keeps asking me for mortgage information and it won't go forward with my return.

Non-prototype 401k plan

Land for business use

Do I qualify for an adoption tax credit if adopting a child out of foster care and no out of pocket expenses are paid by me?

How do I print my itemized charitable donations that were entered into Turbo Tax?

I inherited farm land in 1995, I am selling it now. Will I have to pay taxes on the proceeds of the sale?

Can Personal entry included Country Code instead of US States or Foreign Country (FC). How to do it right initially or change in 760Y?

This site and app keep wanting me to upgrade because I "have a foreign investment listed." I've gone back thru and specifically answered "no" to those questions.

Form 8880 Line 4 Certain distributions - Is TurboTax Doing It Wrong?

Clarification on commute mileage for work and between work sites

Eic and investment income

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