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The Qualified Business Income deduction (also called the QBI deduction, pass-through deduction, or section 199A deduction) was created by the 2017 Tax Cuts and Jobs Act (TCJA) and is in effect for tax years 2018 through 2025. With the QBI deduction, ... read more
We also have instructions for TurboTax software for Mac. Installing TurboTax is easy. Start by closing all programs, including any firewall and virus-protection programs (remember to turn those back on after installation is complete). If you download... read more
You can still install the TurboTax software you purchased if your computer doesn't have a CD drive. There are two ways you can request a download of the software, either by using our Contact us page to submit a request, or by calling the number on yo... read more
Self-employment tax (SE tax) is the Social Security and Medicare tax paid by self-employed individuals. It is similar to FICA which is the Social Security and Medicare taxes withheld from an employee’s paycheck. When you’re self-employed, you are pai... read more
The key to determining if you’re self-employed is to assess whether you are in business for yourself or are the owner of your own business. This includes any part-time businesses or private “side jobs” where you’re performing services in addition to ... read more
IRS extensions for tax year 2018 must be filed on or before these deadlines: April 15, 2019 for domestic taxpayers (April 17, 2019 for Maine and Massachusetts residents) June 17, 2019 for taxpayers outside the country It's not possible to file a post... read more
We recommend downloading your TurboTax for Windows software to your Desktop or Downloads folder so you can find it easily. You can also search your system for the file: TurboTax Basic through Business: Search for w_turbotax TurboTax State: Search for... read more
You can enter a 1099-MISC on the 1099-MISC Summary screen. Sign in to TurboTax and select Take me to my return. Search for 1099-misc. Select the Jump to 1099-misc link in the search results. Select Yes to Did you get a 1099-MISC? If you need to enter... read more
When you sign in to your account, we ask specific questions about you that only you should have the answers to. Why are you asking these questions? We work hard to safeguard your information so you can file your taxes confidently. The questions we as... read more
There are some major differences between them. Self-employment income Money you earn as a contractor, consultant, freelancer, or other independent worker. It's reported on 1099-MISC (Box 7), 1099-K (Box 1a), or as cash, check or credit card sales tra... read more
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