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
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
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.
sgeremiaPosted 5 hours ago
| Latest post 4 hours ago by
sgeremia
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
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.
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
pipytubyPosted Saturday
| Latest post 6 hours ago by
DMarkM1
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
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
a1newmanPosted March 7, 2023
| Latest post 7 hours ago by
Elonia_59
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
IrasacoPosted Wednesday
| Latest post yesterday by
Opus 17
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