TurboTaxBlogTeam

Self-Employed

TurboTax Launches Self-Employed Coronavirus Relief Center

July 2, 2020 / TurboTaxBlogTeam

We know these are challenging times — as a result of the COVID-19 pandemic, many self-employed and small business owners have lost their livelihood and experienced extreme economic hardships due to coronavirus (COVID-19). A new report by the Freelancers Union...

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Tax Planning

8 Things You Need to Know to File by the Tax Deadline

June 25, 2020 / TurboTaxBlogTeam

Many individuals will be working to gather paperwork over the next few days to complete their 2019 taxes. Although the tax deadline was extended until July 15th, the deadline always seems to sneak up quickly. We know you may have...

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Self-Employed

TurboTax and Square Come Together for a Week of Virtual Education and Workshops

June 24, 2020 June 29, 2020 / TurboTaxBlogTeam

Square and TurboTax are teaming up for a week of programming to help you get your tax documents in order before the new July 15 deadline. TurboTax is the definitive leader in tax prep and small business solutions, with live...

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Deductions and Credits

Virtual Wedding? Deduct Your Wedding Dress on Your Taxes!

May 28, 2020 June 4, 2020 / TurboTaxBlogTeam

Weddings can be an expensive endeavor, but in this time of social distancing, opting for a virtual wedding could end up saving you a fortune at tax-time! Have you considered hosting a virtual wedding? If you’re on the fence about...

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Health Care

When Can You Claim a Tax Deduction for Health Insurance?

May 14, 2020 May 15, 2020 / TurboTaxBlogTeam

We all know how expensive healthcare can be, so being able to claim a tax deduction for some of your insurance costs can help you save come tax time. Since there are specific rules and qualifications you must follow, here’s...

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Tax News

What the Coronavirus Stimulus Package Means for You

May 11, 2020 May 28, 2020 / TurboTaxBlogTeam

The Coronavirus Aid, Relief and Economic Security Act (CARES) — a $2 trillion stimulus package to provide financial relief to individuals, families and businesses — was signed into law. The 2020 coronavirus stimulus package will deliver relief through a range...

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Tax News

Where’s My Stimulus Check? How to Check the Status of Your Stimulus Check

May 7, 2020 May 28, 2020 / TurboTaxBlogTeam

The IRS is continuing to send stimulus payments to eligible Americans across the United States. Stimulus payments will be based on your 2019 tax return, or your 2018 tax return if you have not yet filed this season. The IRS...

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Tax News

4 Key Things You Need to Know About the New 2020 IRS Form W-4 for Employee Withholding

May 6, 2020 / TurboTaxBlogTeam

You may or may not have heard that the IRS launched a newly redesigned Form W-4 used to adjust federal tax withholding, which is effective starting with the tax year 2020 (the taxes you file in 2021). The IRS created...

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Tax News

What is My State Tax Deadline? What to Know About Coronavirus and State-Specific Tax Deadlines

May 6, 2020 May 14, 2020 / TurboTaxBlogTeam

In response to Coronavirus, the Treasury, IRS, federal and state governments have announced changes to the 2019 tax filing deadline. The federal tax deadline has been extended to July 15, 2020. While a majority of states’ filing deadlines have been...

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Tax Deductions and Credits

What’s the Difference Between a Tax Credit and a Tax Deduction?

April 27, 2020 / TurboTaxBlogTeam

While both tax deductions and tax credits can save you a significant amount of money on your taxes, they work in significantly different ways. Find out how here.

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The Tax Deadline is July 15th. Find out more information here.

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