The TurboTax Blog

How the Sales Tax Holiday Can Boost Your Back-to-School Savings

July 17, 2019 / Elle Martinez

Back-to-school season is just around the corner! Depending on where you live, your state may be offering huge savings with a sales tax holiday shopping weekend on specific purchases. With most state sales tax ranging from about 4 – 10%,...

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Income and Investments

8 Ways to Save on Home Renovations

July 15, 2019 / Elle Martinez

Last year, we hired a contractor to help us tackle a big home renovation project. Since I’m self-employed and my husband works from home a few days a week, having a dedicated space for us to work became a necessity....

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Self-Employed

Tax Tips for Coaches

July 9, 2019 / Jim Wang

Almost every kid played some type of sport while growing up. From basketball games to dance practice, sports can be a big part of a kid’s childhood and for most of those kids, receive instruction every week from a coach....

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Home

What Parts of My House Payment are Tax Deductible?

July 6, 2019 July 9, 2019 / Elle Martinez

Even though it took a few years of careful research and some thoughtful house hunting (so grateful for our real estate agent!), we’re really happy with the home we’re in now. Being homeowners of a slightly older house has definitely come...

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Self-Employed

Tax Tips for Self-Employed Personal Trainers

July 1, 2019 July 11, 2019 / Jim Wang

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020) and 2018 taxes, which should be filed by the April 15th, 2019 (or October 2019 with filed...

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Tax Reform

6 Life Changing Events and Their Tax Implications

June 28, 2019 July 12, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. People can experience life-changing transitions over the course of just one year. These changes may include having a baby, securing a new job, moving to a new...

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Self-Employed

Self-Employed? Here’s Everything You Need to Know About SEP IRAs

June 26, 2019 July 11, 2019 / Jim Wang

If you are self-employed, and looking for one of the most generous retirement plans possible, you need to consider a SEP IRA. This type of plan is best for self-employed individuals or small business owners with no employees. At its...

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Tax Deductions and Credits

Happy Summer Solstice! 4 Ways to Save This Season

June 21, 2019 July 10, 2019 / TurboTaxBlogTeam

Summer has started! Thoughts of vivid sunsets, theme parks, beach days, and weekend getaways come to mind. All of these activities can take a toll on your bank account, but remember that you don’t have to break your budget to...

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Deductions and Credits

5 Key Employer-Offered Benefits That Can Help You Save Money

June 20, 2019 June 21, 2019 / Elle Martinez

The article below is up to date based on the latest tax laws. It is accurate for your 2019 and current 2018 taxes, which you will file by the April 2019 (or October 2019 with filed extension) deadline. While we...

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Tax Tips

7 Tax Write-Offs for Your Wedding

June 17, 2019 July 11, 2019 / Ginita Wall, CPA, CFP®

Weddings are expensive, so it is too bad that they aren’t tax deductible. But wait – though tax write-offs may not be top-of-mind when you are planning your wedding, with careful planning there are some ways you can garner a tax deduction or two.

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