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
K1 income is correctly accounted for in calculating income taxes and SS
taxes BUT not flowing through into self-employed income for social
security admin calculations? This is a 2022 return problem. 2000 through
2021 are correct -- i must have ticked...read more
I receive SSI benefits and do not work, therefore do not pay taxes. I
take surveys online and receive rewards in Amazon gift cards. The
rewards are inconsistent and vary month to month. I am wondering if
without ever working and never paying taxes do...read more
luciekitty04Posted January 9, 2021
| Latest post 2 hours ago by
LenaH
Here is my problem. My wife had two different employers in 2023. Both
contributed $22,500 to a combination of traditional 401K and Roth 401K.
We confirmed this only after we filed our taxes (turbotax did give the
notice) and after April 15th, 2024. W...read more
Hi ,I am USA citizen residing in USA , I am going to sell my property in
foreign country and want to bring the money to USA , I would pay the
property gain tax in foreign country/government ,Couple of Questions:1)
so do I need to pay tax in USA while...read more
Do I ask for a refund of the excess HSA contribution (and interest) and
file an amended return for 2023? Or, do I take some kind of distribution
in 2024 and correct this on my 2024 return? Thanks for any help!
State of Michigan is disallowing a deduction for the full amount of my
Social Security retirement income that was wrongly entered by TurboTax
as a military benefit. It used to be possible in TurboTax to look at the
actual form and click on a box to f...read more
My wife is Canadian and is a non-resident alien. I am a US citizen, and
primary residence in US. For years, I have filed "married filing
jointly", treating my Canadian wife as a resident alien for tax
purposes. She is likely going to inherit her pare...read more
jyee315Posted yesterday
| Latest post yesterday by
rjs