It’s always wonderful to donate to charitable causes. But did you know
that the type of organization you donate to can actually make a
difference on your taxes - and even whether or not you can actually
deduct it? For example, donating cash through a...read more
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
I get the attached error window ("Hmm. Looks like we hit a snag") when
attempting to enter 1099 dividends from EasyStep. After I click on
"Sounds Good" control in the window, it just puts me back in EasyStep
and round-and-round we go. I closed turbot...read more
erick00Posted yesterday
| Latest post yesterday by
erick00
On Dec 12, 2024 the President signed into law H.R. 5863 The Federal
Disaster Tax Relief Act. The act has three provisions that will affect
taxpayers who have losses due to wildfires, hurricanes, and other
federally declared disasters. 1. Qualified wi...read more
I have a unique situation and want to make sure that I handle things
properly. My wife was seriously injured on an overseas trip last year in
Hungary. Because of the lack of care she was receiving and her
deteriorating condition I life flighted her b...read more
I have maintained a home office for several years, and the home office
is 25% of the total residence space. In 2024, I have installed a solar
energy system. Since my home office is more than 20% of the total
residence space, I believe that (i) I can ...read more
LindaWCPosted Thursday
| Latest post yesterday by
LindaWC
Hi,I am trying to understand why my charitable donations are limited to
50% of AGI and the rest designated for next year's carryover. - Cash
donations are less than 60% of AGI- Non-cash (stocks) donations are less
than 30% of AGI- The two combined ab...read more
I need some guidance on HSA expenses. I have heard that vitamins and
supplements can now be considered qualified expenses for HSAs, but I
can't find any definite information for my 2024 taxes. I'll need to
calculate this before the end of the year. I...read more
2024 Turbo Tax does not yet have the Residential Energy Credits
functionality available. However the Help for this section says "The
residential clean energy property credit equals the lessor of $1,200 or
30 percent of what a homeowner spends on qual...read more
So, I have no idea how to fill out the form 8962. I was covered in my
fathers plan from Jan 2019-April 2019. Late December 2018 I got married,
but still decided to stay on the same health plan. He filed his taxes
without the 1095-a. Which makes this ...read more
Hello,I recently realized that I missed my company's grace period
deadline for our Dependent Care plan. I have about a $2K balance
remaining from what I contributed. I see where most people say that this
money is now forfeited to the employer, howeve...read more