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
Me and my ex were married on the last day of 2023, and divorced on Jan
2024.for 2023 tax, If we file separately, how can we determine who get
to deudct what? 1. We have two dependent children, our divorce agreement
says each of us can claim one child...read more
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 yesterday by
DawnC
HiI'm confused about where to enter my Co-Op mortgage interest share. Do
I add the amount paid to my Co-Op mortgage to the amount of amount of
interest paid to my personal mortgage? I did not receive a 1098 from
Co-Op but have letter with amounts pai...read more
gowrishPosted yesterday
| Latest post yesterday by
DawnC
I am having the exact same issue as the post below. Token 1218527Whats
going on with this? If the original loan was taken out before 12/15/17
and the balance hasn't increased due to a cash out refinance, you get a
zero deduction. Operator error or so...read more
Cash PoorPosted a month ago
| Latest post yesterday by
DawnC
Warning to anyone who intends to itemize deductions for Oregon for 2023.
My Oregon return was only showing the standard deduction even though I
entered all of the information for real property taxes, mortgage
interest, and charitable contributions in...read more
Farris_SPosted March 17, 2024
| Latest post yesterday by
tsengf