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
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
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.
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 an hour 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
I use my primary home for business (30% use). I'm using TurboTax for
Home and Business. I had thought that the energy tax credit would be
calculated as Total cost $6000 of biomass stove by 70% residential
portion of home, multiplied by 30% of the cos...read more
RowgirlPosted 2 weeks ago
| Latest post yesterday by
Opus 17
Why would a consumer product start out by asking for control of my
keychain to install (before even getting the product key for
activation)? tmx-bpl_uuid_service being asked for with no explanation.
Awful UI or trojan exploit? Best I can tell, maybe ...read more
Bill0071Posted a week ago
| Latest post yesterday by
Opus 17
I am considering doing a cash back refinance of my current home and
using the money to purchase a rental property. In this case, is the
interest on the loan deductible? It seems like it should be but I can't
find anything conclusive in IRS documents.
First off, way is this checked yes? After spending hours reading forums
and various other posts, there was a bug in TT on a past return that is
causing this and requiring this? If so, why isn't there a fix or a step
by step solution guide? Isn't the ...read more