TurboTax Tax Tip Videos: Recent Episodes
TurboTax Tax Software
TurboTax offers helpful tax tips on getting your biggest tax refund possible.Watch videos about filing taxes, IRS forms, personal and business deductions you can take, how e-filing works, and more!
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp What's the difference between your Lyft gross income and net income? Watch this TurboTax tax tip video with tax and Lyft expert Lisa Skelly to better understand your 1099-MISC and 1099-K tax forms and gross income and expenses vs net income. TurboTax will help with expenses on your self-employed tax return to ensure you get the most tax breaks for your rideshare driving. TurboTax makes it easy so you get your biggest refund. For more help in preparing and filing your self-employed tax return, visit TurboTax Self-Employed!
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp If you’re a Lyft driver, check out TurboTax tax and Lyft expert Lisa Skelly in this helpful tax tip video to learn more about common Lyft driver business expenses and tax deductions. Find out how industry-specific tax deductions uncover expenses other people often miss. For example, in addition to deducting vehicle maintenance costs, save money on your taxes with write-offs for cell phone chargers and amenities offered to passengers. TurboTax makes it easy so you get your biggest refund. For more help in preparing and filing your self-employed tax return, visit TurboTax Self-Employed! taxes possible.
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp Attention Lyft drivers! Save money on your taxes this year with rideshare industry-specific tax deductions for mileage and rental equipment. Watch this TurboTax tax tip video with tax and Lyft expert Lisa Skelly for information on claiming your best and biggest mileage deductions, guidance on taking actual vs. standard mileage deductions, and tax help for drivers that use rental cars. TurboTax makes it easy so you get your biggest refund. For more help in preparing and filing your self-employed tax return, visit TurboTax Self-Employed!
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp If you're a Lyft driver, there are some industry-specific forms and payments you should know about. Tax and Lyft expert Lisa Skelly talks about self-employment tax forms and tax payments specific to Lyft drivers in this helpful TurboTax tax tip video. Watch for more info on how bonuses, referral fees and Lyft driver business expenses may affect your tax return this year. TurboTax makes it easy so you get your biggest refund. We’ll identify important rideshare tax data and even import it from Lyft! For more help in preparing and filing your self-employed tax return, visit TurboTax Self-Employed!
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp Do you drive for Lyft? Then, yes, you're self-employed! Watch this TurboTax tax tip video with tax and Lyft expert Lisa Skelly to better understand what it means to be a Lyft driver and how being self-employed impacts your taxes. TurboTax makes it easy so you get your biggest refund. For more help in preparing and filing your self-employed tax return, visit TurboTax Self-Employed!
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp. Understand what it means to be an Uber driver-partner and get a few tips on how being self-employed impacts your taxes. TurboTax makes it easy so you get your biggest refund.
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp. Tax tips for your best and biggest mileage deductions along with guidance on taking actual vs. standard mileage, plus tax help with a car you might rent to drive.
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp. Tax tips on common and operational expense recommendations for Uber driver-partners. Learn how industry-specific tax deductions uncover expenses other people often miss.
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp. Helpful forms and tax tips from TurboTax for Uber driver-partners. We’ll identify important rideshare tax data and even import it from your Uber tax summary!
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp Tax tips on common and operational expense recommendations for Uber driver-partners. Learn how industry-specific tax deductions uncover expenses other people often miss.
http://blog.turbotax.intuit.com What Self Employed Tax Forms Should You Expect? If you are self-employed you could expect a few forms from those you did work with: 1099-Misc or 1099-K. TurboTax Self-Employed makes it easy to file your self-employment taxes. You don’t have to know to know forms or do calculations to maximize your return and get the tax deductions you deserve.
http://blog.turbotax.intuit.com Maximize Your Self Employed Deductions - TurboTax Self-Employed is providing tips to help you get the most out of deductions for business expenses and letting you know how you can reduce your tax liability and get the tax refund you deserve.
http://blog.turbotax.intuit.com Self-Employed Expenses and Financial Management - When you run a business of one, you need to maximize your time and tax return to get the biggest deduction for expenses. TurboTax Self-Employed, which includes QuickBooks Self-Employed can help you stay on top of your year-round expenses, receipts and mileage tracking so you can effortlessly file your taxes and get the return you deserve.
http://blog.turbotax.intuit.com What are Key Dates for the Self Employed? If you are self-employed you won’t have taxes withheld like a normal W-2 job. TurboTax Self-Employed provides key dates that you should know about to pay quarterly estimated taxes for 2017 earnings.
https://turbotax.intuit.com/personal-taxes/online/self-employed.jsp How to Identify If You're Self Employed - More than 55 million Americans are in some way self-employed, even if they have a regular W-2 job. Find out how TurboTax Self-Employed can help you understand your situation and maximize your tax refund.
http://blog.turbotax.intuit.com Don't forget about your home office this tax season! A home office is one of the most overlooked tax deductions. Other overlooked home business deductions include: cell phone, mileage, job hunting expenses. Luckily, TurboTax will ask you simple questions so you don't miss any deductions or credits. Find more overlooked tax deductions on the TurboTax Blog.
http://blog.turbotax.intuit.com For the self-employed, a home office is one of the most overlooked tax deductions. Other overlooked business deductions include: cell phone, mileage, job hunting expenses. Luckily, TurboTax will ask you simple questions so you don't miss any deductions or credits. Find more overlooked tax deductions on the TurboTax Blog.
http://blog.turbotax.intuit.com If you're a homeowner, you should know about these commonly overlooked tax deductions that could save you money on your taxes this year. The most overlooked tax deductions for homeowners include: Refinancing points, casualty-loss deductions, and moving expenses. Luckily, TurboTax will ask you simple questions so you don't miss any deductions or credits. Find more overlooked tax deductions on the TurboTax Blog.
http://blog.turbotax.intuit.com Got a few dependents to claim (and a few more questions) on your taxes? Dependent tax deductions and tax credits are a great advantage and money saver! Read more about the Child and Dependent Care tax credit and other tax benefits of claiming your children as dependents on the TurboTax Blog and we’ll help you get it all right.
https://turbotax.intuit.com When to Use Tax Form 1040 - Most people would like to keep filing their income tax return as simple as possible. There are three common IRS tax form variations for filing your tax return: the 1040EZ, 1040A and the standard 1040 tax form. Learn more about choosing the simplest and most appropriate 1040 tax form for your unique individual situation by watching this TurboTax tax tip video.
https://turbotax.intuit.com What’s the Child Tax Credit and How Do I Qualify? The Child Tax Credit allows you to reduce your tax bill by $1,000 per child on your tax return. However, the credit is not refundable. So, how do you qualify? Find out all about child tax credit requirements and how this tax credit could save you money this year by watching this informative TurboTax tax tip video.
https://turbotax.intuit.com What Educational Expenses Are Tax Deductible? If you or your spouse are currently a student, or if you can claim a dependent who is, there are a few options to reduce your taxable income this year. Learn all about common tax deductible education-related costs, including work-related education expenses, filing IRS Form 8917 and how you may qualify for the tuition and fees deduction, and other tips for filing taxes that include educational expense tax deductions in this helpful TurboTax tax tip video.
https://turbotax.intuit.com What Are Itemized Tax Deductions? The IRS gives you two different options when it comes to claiming deductions on your tax return. You can take the standard deduction or you can itemize your deductions. The standard deduction is simple, but itemizing your deductions may help to maximize your tax savings. Find out more about which option may be best for you with this helpful TurboTax tax tip video.
https://turbotax.intuit.com What Are Dependents? If you financially support a child, a parent, a relative or even a friend, you may be able to claim them as a dependent on your taxes and take an exemption. Who qualifies as a dependent? Learn more about tax dependent qualifications in this TurboTax tax tip video.
https://turbotax.intuit.com Tax Tips for Teachers - If you’re an educator, you may qualify for a number of tax breaks for teachers that could help you save money on your taxes this year. Find out all about tax deductions for eligible educator expenses (like books and conference costs), the Lifetime Learning Credit for teachers returning to school to improve their skills, the Student Loan Interest Deduction, tax deductible school donations and more tax filing tips for teachers in this TurboTax tax tip video.
https://turbotax.intuit.com Tax Tips for Divorced Couples - No one gets married preparing to get divorced, so many newly divorced people are unprepared for the tax rules that they may now be subject to. Watch this TurboTax tax tip video for a few things to think about if you've gotten divorced.
https://turbotax.intuit.com Tax Credits When Adopting a Child - If you are in the process of adopting a child or even considering it, you should know that there is a federal tax credit that can save you money on your taxes. Some of the adoption expenses that qualify for the credit include court and attorney fees, traveling expenses, adoption agency fees and any other expenses directly related to legally adopting an eligible child. Watch this tax tip video from TurboTax to learn more about qualifying for the federal adoption tax credit.
https://turbotax.intuit.com Should a Married Couple File Jointly or Separately? There are a lot of wonderful things about being married, and believe it or not, your taxes can be one of them. But should you and your spouse file separately or jointly? In most cases filing jointly will save you the most money, but you should still consider your decision carefully. Learn more about the advantages and drawbacks of filing jointly vs filing separately in this TurboTax tax tip video.
https://turbotax.intuit.com When to Issue a 1099-MISC Form - Do you operate a trade or business and are wondering whether you need to issue a 1099-MISC? There are a variety of transactions that would require you to issue a 1099-MISC, but there are some more common than others. Learn more about issuing and filing IRS 1099-MISC tax forms in this helpful TurboTax tax tip video.
https://turbotax.intuit.com IRS Rules for Charitable Giving - Did you make any charitable donations last year? In order for your donation to qualify for a tax deduction, your donation must be to a charitable organization qualified under Section 170(c) of the Internal Revenue Code. You can check if the organization is exempt using the "Exempt Organizations Select Check Tool" on IRS.gov. Learn more about the IRS rules for tax deductible donations and charitable giving by watching this tax tip video from TurboTax.
https://turbotax.intuit.com How to Recover Your 1099 Form - As tax time approaches, are you still in need of your 1099? Or maybe you’re trying to track down one from a previous year? Don't worry - there are easy ways you can retrieve the forms you need to file. Watch this tax tip video from TurboTax to learn more.
https://turbotax.intuit.com How to Prove Head of Household for the IRS - Filing as head of household may entitle you to a higher standard deduction, lower tax rates and increase the likelihood of qualifying for certain deductions and credits. The IRS can require you to prove that you are eligible to be a head of household, but don't worry, it's pretty simple. Watch this helpful TurboTax tax tip video to learn all about proving your head of household filing status to the IRS.
https://turbotax.intuit.com How to File an Extension of State Taxes - Most states will allow you to file after the deadline, but you'll need to be aware of the requirements for obtaining an extension. Watch this helpful tax tip video from TurboTax to find out what you need to do to figure out the tax extension rules in your state.
https://turbotax.intuit.com Home Repairs and Tax Deductions - Generally the IRS doesn’t allow you to deduct the cost of repairing your home, but there are a few exceptions. Find out which home improvements and repairs are tax deductible by watching this helpful TurboTax tax tip video.
Guide to IRS Form 1098-T Tuition Statement - If you or one of your dependents enrolled in school during the tax year, then you'll probably want to keep an eye out for a 1098-T form, which reports the amount of qualified education expenses paid by a student during the year. Learn more about IRS form 1098-T in this TurboTax tax tip video.
Filing Schedule EIC Earned Income Credit - Wondering if you should file for the Earned Income Tax Credit (EIC - or - EITC)? Learn all about EIC qualifications and requirements, such as IRS Earned Income Credit limits for investment income and whether or not you’ll need to file IRS Schedule EIC in this helpful TurboTax tax tip video.
TurboTax Tax Software Adjusted Gross Income (AGI) Explained - The IRS uses your AGI to determine whether you can claim certain deductions and credits and the amounts you're eligible for. For more information to help you better understand Adjusted Gross Income, also known as AGI, watch this TurboTax tax tip video. TurboTax Home TurboTax Support TurboTax Blog TurboTax Twitter TurboTax Facebook TurboTax Pinterest TurboTax Tumblr
Claiming Childcare Tax Credits - Are you a parent who pays for child care? Then you could qualify for as much as 35% of your child care expenses up to $3,000 for one dependent and up to $6,000 of expenses for two or more. Learn how you may qualify for the Child and Dependent Care Credit by watching this informative TurboTax tax tip video.
Expenses That Are Tax Deductible When Working From Home - If you work from home, you may be entitled to some normally unavailable tax breaks. Your biggest savings will probably come from the home office deduction. This allows you to deduct some of your housing expenses, like your rent, utilities, cleaning service and repairs. Learn more about tax deductions for expenses when working at home in this tax tip video from TurboTax.
https://turbotax.intuit.com The Alternative Minimum Tax (AMT) Explained - The Alternative Minimum Tax, or AMT, was introduced in 1969 to ensure that the wealthiest Americans paid taxes, even after using tax breaks and loopholes, but the AMT was never updated to account for inflation. Every year, more of the middle class was caught up in it. Learn how the Alternative Minimum Tax compensates for inflation, how to use IRS tax form 6251 to calculate your AMT using your Adjusted Gross Income After Itemized Deductions, and other helpful information about the AMT and your taxes with this TurboTax tax tip video. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com What are Tax Extensions? There may be a tax year when you can't just get that return finished by the April deadline. Luckily, the IRS offers automatic extensions of time to file all types of tax returns. For most personal returns, the filing deadline for tax returns is April 15 of each year. However, by filling out form 4868 and mailing it to the IRS by April 15th, you can get an extra six months to file your tax return without incurring penalties. Learn more about IRS tax extensions for individual, business, corporate, estate and trust tax returns, as well as failure-to-file and failure-to-pay IRS penalties, with this helpful tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com What is a 529 Plan contribution? Do you plan on helping your children with the cost of college? If so, you should consider contributing to a section 529 college savings plan and save some money on taxes, too! Find out more about section 529 plans and your taxes with this tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Unfortunately, there’s no secret formula for taking all possible tax deductions on your return. But, there are things you can do to ensure you don’t overlook a deduction that you’re eligible for. Find out how to get all the tax deductions possible when filing your income tax return this year with this helpful tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com If you itemize your deductions on Schedule A of your 1040 tax form, you can deduct the mortgage interest and property taxes you’ve paid. Learn more about qualifying for and deducting your home mortgage interest and property tax with this informative tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Your charitable giving is surely much appreciated. More good news is that you can deduct most or all of your donations. To learn more about deducting charitable contributions, such as which contributions qualify for a tax deduction and how to itemize your deductions, check out this helpful tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Filing Taxes After the April Deadline - Most taxpayers are aware of the April deadline to file their tax returns with the Internal Revenue Service. If you miss the tax filing deadline, you still must file your tax return, but it may end up costing you more because of IRS failure-to-file and failure-to-pay penalty charges. Learn more about what to do if you’re filing your taxes after the April deadline with this helpful TurboTax tax tip video. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com How to Amend Your Tax Return - So, you filed your tax return with TurboTax – But then you need to change it. Well, if you have already filed, you can’t get the return back. But what you can do is amend your tax return and file it again. You might need to file an amended return if any of the following are true: You got more documents or tax forms in the mail; you need to correct something on your return; you need to add or remove a dependent; or you want to take another credit or deduction you didn’t take the first time. Before you amend your return, watch this helpful TurboTax tax tip video for three important things you need to know. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Tax Prep Checklist for Moving Between States - If you’re moving between states, you may have to file taxes for two states. Fortunately, there are some tax preparation tips that can help make moving to a new state and filing taxes simpler. Watch this tax tip video from TurboTax for an easy tax prep checklist. Learn more about the importance of determining your new state’s personal income tax rates, how rules for permanent resident taxes may affect your tax return, state investment income tax rules, tax deductible moving expenses and other helpful tips for filing taxes after moving between states. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Renting vs Owning a Home: Tax Breaks You Should Know - Are you looking for big tax breaks? Then you may want to start looking into buying a home instead of renting. Find out more about earning the Residential Energy Efficient Property Tax Credit, claiming a property tax deduction, claiming a mortgage interest tax deduction and other great homeowner tax breaks and benefits in this helpful tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Tax Tips for Car Sharing Drivers: Uber, Lyft and Others - Are you a driver for a car sharing company, such as Uber or Lyft? Watch this TurboTax tax tip video for helpful information on filing taxes as a car sharing driver for Uber, Lyft and others, such as how to claim business expenses as tax deductions (including your entire car, in some cases) and tips on maintaining business tax records, like a mileage log for your taxes. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Tax Tips for Retirees - Now that you’re retired, the last thing on your mind is likely to be your federal income taxes. But there are still ways you can minimize the amount of taxes you owe each year. Watch this TurboTax video for useful tax tips for retirees, such as what to do about taxes on social security benefits, elderly and disabled tax credit options and tax-exempt investments. For more tips and information on retirement and taxes, visit TurboTax.com
https://turbotax.intuit.com Tax Tips for Small Businesses - Are you a small business owner? Although you may be aware of most of your deductible small business expenses, there are a few other things you should know about that can potentially reduce the income tax you pay on business earnings. Find out more about small business startup tax deductions, depreciation deductions, the 179 election and other small business expense deductions with this tax tip video guide from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Who Qualifies for the 2015 Earned Income Tax Credit? The Earned Income Tax Credit (EIC or EITC) is designed for taxpayers with modest income and, in 2015, can be worth up to $6,242, depending on your income and the number of children you have. So do you qualify for the 2015 Earned Income Tax Credit? Follow the yes/no EIC qualifications checklist in this helpful TurboTax tax tip video. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Top College Tax Deductions and Credits – College can be costly when you’re paying for tuition, books, and living expenses. However, there are several great ways college students can save money on taxes. This TurboTax tax tip video offers helpful information about six top college income tax deductions and credits, such as the Student-Loan Tax Deduction, the American Opportunity Tax Credit, the Lifetime Learning Credit and additional education savings accounts, plans and bonds, to help save you money on your taxes. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Tax Tips When Filing for Multiple Jobs –Do you have more than one job? Filing taxes while being employed at more than one place may seem tricky, but this TurboTax tax tip video offers four tax tips that can help clear up the tax filing process. Watch to learn more about how your tax bracket may change, how to fill out a W-4 for a new job, and other tax tips when filing for multiple jobs. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Tax Tips for Veterans - As a veteran of the military, you have the same obligation to file an income tax return and pay taxes as other Americans do. But in appreciation of your service to the country, there are a number of benefits the federal government offers you that can ultimately save you money on your tax bill. This helpful TurboTax tax tip video offers tips for veterans, such as which VA benefits are taxable or tax-free and how to receive a refund for taxes paid on a pension after being issued a retroactive directive by Veterans Affairs. Also, find out how to file your state and federal taxes for free with the TurboTax Freedom Edition. Visit https://turbotax.intuit.com/taxfreedom for more info.
https://turbotax.intuit.com Unemployment and Taxes Explained - If you experience a period of unemployment or are currently unable to find work, the last thing you’re probably thinking about is your taxes. But since you still need to file a tax return, you may be interested in some of the tax benefits available to you. Learn more about unemployment and taxes – like how to report unemployment compensation on your federal tax return and how to use IRS tax form 1099-G – with this helpful tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Tax Tips When Renting Out Your Home on Airbnb, FlipKey and Others - If you’re renting out your home through services like Airbnb or FlipKey, here are some tax tips you should consider. Learn more about when you can skip declaring rental income on your taxes, claim rental expenses - business expenses - as deductions, how and when to report rental income tax information on Schedule C and Schedule E, and what occupancy taxes are with this helpful tax tip video from TurboTax. For more tips and information on your taxes when renting out your home, visit TurboTax.com. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com What are Energy Tax Credits? How does helping to save the environment and reducing your tax bill sound? If you made eco-friendly home improvements or purchased an electric car, you may be eligible to reduce the amount of tax you owe by claiming one of the energy tax credits. If you qualify for any energy tax credits, be sure to check with your state for similar benefits. Watch this helpful tax tip video from TurboTax for more information on claiming energy tax credits. For even more tips and information on energy tax credits, visit TurboTax.com
https://turbotax.intuit.com Did you welcome a new baby into your family this year? Save money on your taxes by taking advantage of tax benefits, such as the Child Tax Credit. Watch this tax tip video from TurboTax to learn more. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Are you job hunting? Learn about job hunting tax deductions, such as potential job relocation expenses and outplacement services, with this tax tip video. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Are you getting married? Congratulations - you may qualify for some new tax benefits! Watch this helpful tax tip video from TurboTax to learn more about how getting married affects your taxes. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com There are many benefits of being self-employed. However, filing self-employment taxes can be complicated sometimes. Watch this helpful tax tip video to learn more about self-employment tax deductions, tax rates, schedules and forms and other important tax tips. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com The most common way of reducing your taxable income, is to claim every income tax deduction you're eligible for. Learn more about the most common income tax deductions with this tax tip video from TurboTax and get the most out of your refund. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com How does claiming dependents affect your tax refund? Claiming dependents on your income taxes can mean huge tax savings, but who can you claim? Find out more about claiming dependents, how dependents qualify and how they may affect your income taxes with this helpful tax tip video from TurboTax. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Calculating Taxes on IRS Form 1099 Misc - Did you receive a 1099 MISC in the mail this year? As an independent contractor, the IRS treats you as self-employed. Usually, you will have to report your 1099-MISC earnings on a Schedule C or C-EZ to calculate your net profit from self-employment. When you include income from a 1099-MISC on Schedule C of your tax return, you may also need to file a Schedule SE to report the self-employment taxes you owe on your net profit. Watch this helpful tax tip video from TurboTax for more important information for calculating taxes on your 1099 MISC. For more tips and information on self-employment and independent contractor taxes, visit TurboTax.com.
https://turbotax.intuit.com Steps to Take When You Get an IRS Notice - It’s understandable that you may be a little nervous when you find a letter from the IRS in your mailbox. But in most cases, receiving a notice is nothing to be alarmed about. In fact, it may even be good news. For most tax problems, there is usually a simple and painless solution. If you used TurboTax tax software to prepare your tax return, you’ll have access to our free Audit Support Center, where you’ll find examples of common IRS letters and instructions on exactly how to respond. For more helpful steps to take when you get an IRS notice, watch this TurboTax tax tip video. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Tax Deductions When Buying or Selling a Home - If you’ve bought or sold a home this year, here are seven great tax deductions you may be able to use on your taxes. Watch this helpful TurboTax tax tip video to learn more about tax deductions for buying or selling a home, such as deductions for mortgage interest, loan origination fees, prepayment penalties required by your lender, real estate taxes, and home improvement costs. In addition, find out how you can reduce your taxable gain when you sell your home and what other big tax breaks you may qualify for. For more tips and information on tax deductions if you’ve bought or sold a home - or you’re preparing to buy or sell - visit TurboTax.com.
https://turbotax.intuit.com Filing Taxes After the April Deadline - Most taxpayers are aware of the April deadline to file their tax returns with the Internal Revenue Service. If you miss the tax filing deadline, you still must file your tax return, but it may end up costing you more because of IRS failure-to-file and failure-to-pay penalty charges. Learn more about what to do if you’re filing your taxes after the April deadline with this helpful TurboTax tax tip video. For more tips and information that can help you get your taxes done smarter, visit TurboTax.com.
https://turbotax.intuit.com Taxes 101: Buying and Selling Stocks – If you bought or sold stocks and need to report your stock gains and losses on your taxes, here are some tax filing tips. Watch this helpful tax tip video from TurboTax to learn how to report your stock gains and losses on Form 8949 and Schedule D, such as how to: Divide transactions into short- and long-term, list 1099-B transactions, and list stock sales information, including dates and number of shares sold. Also, find out when you can skip Form 8949 and just report summary information on Schedule D. For more tips and information on buying and selling stocks and your taxes, visit TurboTax.com.
http://blog.turbotax.intuit.com Like 2014, the IRS expects to issue 9 out of 10 tax refunds within 21 days for those who e-filed with direct deposit. TurboTax CPAs Lisa Greene-Lewis and Mike Tullio offer advice for the best ways to track your refund.
http://blog.turbotax.intuit.com The Earned Income Credit (EIC or EITC) is a refundable tax credit given to taxpayers that earn low to moderate income from a job or being self-employed. TurboTax CPAs Lisa Greene-Lewis and Stacy Crocker explain the nuances of this frequently asked tax question.
http://blog.turbotax.intuit.com Americans should file a 2014 federal income tax return even if their total income is below the Internal Revenue Service filing requirement ($10,150 for individuals or $20,300 for married filing jointly under age 65). TurboTax CPAs Monique LeMons and Lisa Greene-Lewis explain the importance of filing each year, regardless of income levels.
http://blog.turbotax.intuit.com If you’re supporting someone who lives with you, you may be able to claim him or her as a dependent. Beyond the home, if you provide over half of the support for a family member, they may also count as a dependent. TurboTax EA Andrea Chertkow and TurboTax CPA Lisa Greene-Lewis cover the various scenarios where you may be able to claim someone as a dependent on your taxes.
https://turbotax.intuit.com TurboTax CPA, Lisa Lewis shares 5 end of year tax tips to help save you money at tax-time. Find out how expenses like your home, charitable giving, and medical expenses can help you get a bigger tax refund.
http://blog.turbotax.intuit.com Learn about four tax credits that you may be able to claim on your income tax return. Watch this tax tips video from TurboTax so you don't miss out on maximizing your tax refund this year!
http://blog.turbotax.intuit.com If you're expecting an income tax refund, watch this helpful tax tips video from TurboTax to learn about six things you should know for this tax year!
https://turbotax.intuit.com Learn who qualifies for the Earned Income Tax Credit (EITC), which can present significant tax savings for those who can claim it, in this helpful tax tips video from TurboTax.
http://blog.turbotax.intuit.com Every year the IRS reports that about 900,000 people don't file their taxes because they think they don't make enough money and miss out on a refund close to $600. Those who didn't file taxes in 2011 have until April 15, 2015 to file their 2011 taxes for a refund. Lisa Greene-Lewis, CPA tells you more.
https://turbotax.intuit.com TurboTax CPA Lisa Lewis offers tax tips to maximize parents' income tax refund. Watch this helpful video to find out 3 ways being a parent can increase your income tax refund this year.
https://turbotax.intuit.com Lisa Greene-Lewis CPA tells you how the dependent tax exemption can save parents money for each dependent at tax time in this helpful video from TurboTax.
http://blog.turbotax.intuit.com Learn about the 2015 Child and Dependent Care Tax Credit, which may boost your tax refund.
http://blog.turbotax.intuit.com Your kids are the cutest little tax deductions around! Learn how the child tax credit may increase your tax refund with this helpful tax tips video from TurboTax.