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I work remotely in iowa which turbo tax product should I use? I usually use delux - this is my 1st year to deduct anything for working remotely.
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I work remotely in iowa which turbo tax product should I use? I usually use delux - this is my 1st year to deduct anything for working remotely.
Any federal version of the program will work for this, but you cannot use the Free version to deduct job related expenses, assuming you get a W-2 for this work. Job related expenses are part of your itemized deductions in the federal. After entering all of them, 2% of your Adjusted gross Income will be subtracted and you receive a deduction only for the amount over 2%. Job related expenses are only one part of your itemized deductions and you must have more in itemized deductions than your standard deduction before you would receive any benefit from claiming them.
If you are doing contract work, receiving a 1099-MISC for your income, you would need the self-Employed version to produce a Schedule C. All your related expenses would be deducted directly from your 1099 income on the Schedule C.
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I work remotely in iowa which turbo tax product should I use? I usually use delux - this is my 1st year to deduct anything for working remotely.
Any federal version of the program will work for this, but you cannot use the Free version to deduct job related expenses, assuming you get a W-2 for this work. Job related expenses are part of your itemized deductions in the federal. After entering all of them, 2% of your Adjusted gross Income will be subtracted and you receive a deduction only for the amount over 2%. Job related expenses are only one part of your itemized deductions and you must have more in itemized deductions than your standard deduction before you would receive any benefit from claiming them.
If you are doing contract work, receiving a 1099-MISC for your income, you would need the self-Employed version to produce a Schedule C. All your related expenses would be deducted directly from your 1099 income on the Schedule C.
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