Tag: 'credits & deductions'
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From the community
Why am I not eligible for the Lifetime Learning Credit? I paid almost $10K in tuition for my last year of grad school and made less than that in income.
After I fill out the education section including my 1098-T is says I qualify for the Lifetime Learning...
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From the community
I am an international student on an F-1 visa and was in California for all of 2018 and paid rent for all 12 months in 2018. Can I claim the California renter's credit?
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From the community
Trying to understand the changes in my 1098-T form?
Hi, I need help in trying to figure out this year's 1098-T form. In previous years, my college's 1098-T...
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From the community
If my boyfriend owns the home we live in but have completely separate finances can I count the money I give him for his mortgage payment every month as rent?
He purchased the home in the beginning of 2018 and I have no claim to the home. My name isn't on the deed,...
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From the community
Apparently I "qualify for a tax break," which means that I need Deluxe to file. But this "break" won't save me any money that delux won't take, so how can I say no?
I'm a graduate student and trying to file my taxes. Not sure what I'm entering that's causing this, but I...
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From the community
My electric vehicle tax credit should be $5,002 but Turbotax wants to make it $5,169 and I can't find any basis for that number.
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From the community
I expanded our house in 2018, can I write any of the expenses off?
We expanded our house for our growing family, can I write any of the work done under as deductions or...
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From the community
Does a sedan over 6,000 lbs gross weight (GVWR) qualify for the section 179 100% bonus depreciation deduction?
Several IRS sources state that the most important qualifying feature is having a GVWR above 6,000 pounds....
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From the community
Should I get a student loan and make payments on it so I can receive the MN Student Loan Tax Credit instead of paying the tuition out of pocket in full each semester?
I spent almost $6,000 this year on tuition and noticed there is a MN tax credit for those who took out...
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From the community
How can I not claim the Lifetime Learning Credit?
I don't owe any taxes so claiming the Lifetime Learning Credit would not benefit me at all. However,...