Skip to content
NewTurboTax blog is NOW bilingual Español English

Get the latest on the third stimulus check

The TurboTax Blog Search

Search the Blog

Latest tax and finance news and tips

or

Search TurboTax Support

FAQ’s and community answers

Sign In
  • Tax Deductions & Credits
    • Family
    • Education
    • Home
    • Tax Refunds

    Popular Posts

    Learn who you can claim as a dependentWho Can I Claim as a Tax Dependent?
    twinbabies12 Ways to Save on Taxes Through Life’s Transitions

    Recent Posts

    person working from home with kidsWhat is the 2021 Child Tax Credit Under Stimulus Relief?
    Tax deductions on medical expensesWhat Medical Expenses are Tax Deductible?
  • Income & Investments
    • 401K, IRA, Stocks
    • Business Income

    Popular Posts

    Adobe RGBGambling Winnings Tax (How Much You Will Pay For Winning?)
    Blog ImageBonus Time: How Bonuses Are Taxed and Treated by the IRS

    Recent Posts

    coins-and-plants-jarsI Started Investing This Year, What Do I Need to Know Come Tax Time?
    watering bucket with moneyFirst Time Investors, Here’s What You Need To Know About Taxes
  • Tax Planning
    • Savings
    • Tax Calculators
    • Health Care

    Popular Posts

    Woman looking for tax help on laptop computerTurboTax Answers Most Commonly Asked Tax Questions
    Amended 1040xWhen Should You Amend Your Tax Return?

    Recent Posts

    What does a temporary furlough mean for my taxesI Was Temporarily Furloughed and Then Came Back to Work, What Does That Mean for My Taxes?
    Woman looking for tax help on laptop computerTurboTax Answers Most Commonly Asked Tax Questions
  • News & Social
    • Tax News
    • TurboTax News
    • Social

    Popular Posts

    TTopenNow Accepted: You Can File Your 2014 Tax Return with TurboTax Today!
    donutimageYou Can Still Take Advantage of TurboTax Free Edition – No Strings (or Money) Attached!

    Recent Posts

    Little Lift recipient Michael#LittleLifts: A Little Lift for Michael
    Little Lift recipient Alana#LittleLifts: A Little Lift for Alana
  • Self-Employed
    • 1099 MISC/K
    • Expenses

    Popular Posts

    6 Money Saving Tax Tips for the Self-Employed6 Money Saving Tax Tips for the Self-Employed
    Quarterly estimated deadlines for the self employedSelf-Employed? Quarterly Tax Date Deadlines for Estimated Taxes

    Recent Posts

    Taxes and Chill: A Digital Event To Help You Achieve Financial Success as a SolopreneurAchieve Financial Success as a Solopreneur by Watching Our Taxes & Chill Digital Event
    Self Employed woman filing taxesTax Guide for the Self-Employed: Everything You Need to Know
  • Tax Reform
  • Search

    Search the Blog

    Latest tax and finance news and tips

    or

    Search TurboTax Support

    FAQ’s and community answers

New
  • Español de Estados Unidos

Search the Blog

Latest tax and finance news and tips

or

Search TurboTax Support

FAQ’s and community answers

The TurboTax Blog > Income and Investments

Income and Investments

Learn about the impact different types of income and investments have on your taxes; everything from gambling, sports betting and IPOS and how to save and maximize tax credits and deductions related to your income.

  • Most Recent
  • Most Popular
  • Category
    • Tax Deductions and Credits
    • Family
    • Education
    • Home
    • Income and Investments
    • 401K, IRA, Stocks
    • Business Income
    • Health Care
    • Health Care Insured
    • Health Care Uninsured
    • Tax Planning
    • Savings
    • Tax Calculators
    • TurboTax News
    • Tax News
    • Tax Refunds
    • TurboTax Press Releases
  • Author
    • Adam Middleton
    • asbbaines
    • Elle Martinez
    • Ginita Wall, CPA, CFP®
    • IntuitAngie
    • jeffrose123
    • Lindsey Delgado
    • Magaly Olivero
    • Mint
    • Myles Ma
    • Philip Taylor
    • Sprintax
    • Steve Strauss
    • TurboTax Lauren
    • TurboTaxAshley
    • TurboTaxBlogTeam
    • TurboTaxBlogTeam
    • TurboTaxBob
    • TurboTaxChristine
    • TurboTaxJulie
    • TurboTaxKat
    • TurboTaxLisa
    • TurboTaxNews
    • Winnie Sun
  • Subscribe to thisSubscribe to this RSS feed
New
  • Español de Estados Unidos
401K, IRA, Stocks

I Started Investing This Year, What Do I Need to Know Come Tax Time?

March 2, 2021 / Jim Wang
I Started Investing This Year, What Do I Need to Know Come Tax Time?When I first started investing in the stock market, I wasn’t quite sure what I was doing. I wasn’t sure if my purchases would lose value the moment I bought them or if they would grow into exponential figures. I...

Full Story

Income and Investments

Capital Gains Tax Calculator

December 24, 2020 (Last Modified: February 8, 2021) / TurboTaxLisa
When stock market prices took a dive at the beginning of COVID-19 millions of people jumped into the stock market to take advantage of the low prices and millions also sold stock this year for the first time.  Many of...

Full Story

Income and Investments

First Time Investors, Here’s What You Need To Know About Taxes

December 10, 2020 (Last Modified: February 4, 2021) / Jim Wang
First Time Investors, Here’s What You Need To Know About TaxesThere continues to be an increase in the number of people investing in stocks, especially when it comes to Millennials and Gen Z. The ability to easily trade and invest with a rise of investment apps like RobinHood, Stash, Acorns,...

Full Story

Income and Investments

How to Evolve Your Financial Goals When Your Income has Changed

November 18, 2020 (Last Modified: January 13, 2021) / TurboTaxBlogTeam
How to Evolve Your Financial Goals When Your Income has ChangedWhen you have small changes in income, such as a reduction in hours or a raise, it’s not hard to adjust your financial goals. Small incremental changes are easy to handle. But what if you have a big change? What...

Full Story

Income and Investments

Tax Implications of Buying and Selling Stocks During the Market Downturn

August 25, 2020 (Last Modified: August 27, 2020) / Jim Wang
Tax Implications of Buying and Selling Stocks During the Market DownturnWhen the market took a nosedive at the start of the coronavirus pandemic, did you dive into the stock market for the first time? Did you sell some of your holdings? Or did you start buying more? Or did you...

Full Story

Income and Investments

What Is My Adjusted Gross Income (AGI) and How Do I Calculate It?

July 29, 2020 (Last Modified: August 3, 2020) / Ginita Wall, CPA, CFP®
What Is My Adjusted Gross Income (AGI) and How Do I Calculate It?Many benefits are limited to those people whose income is below a certain level. Certain tax deductions and credits such as the Child Tax Credit and the Earned Income Tax Credit are not solely based on your income but your...

Full Story

Income and Investments

How to Use Market Losses to Reduce Your Taxes

May 20, 2020 (Last Modified: June 4, 2020) / Jim Wang
How to Use Market Losses to Reduce Your TaxesEvery so often, the stock market goes through periods of volatility. When Coronavirus first appeared, it hit the market very hard. Within days, the market had entered into a correction and then into a bear market. But almost just as...

Full Story

401K, IRA, Stocks

Can I Make Spousal IRA Contributions for Retirement?

March 11, 2020 (Last Modified: March 24, 2020) / TurboTaxBlogTeam
Can I Make Spousal IRA Contributions for Retirement?You can contribute to an IRA if you earn income from a job or from running your own business, and under certain circumstances, you can even fund an IRA if you’re not working at all. Many couples agree that one...

Full Story

Income and Investments

Babysitter Taxes (Who Owes It & How to Pay)

March 4, 2020 (Last Modified: January 6, 2021) / Elle Martinez
Babysitter Taxes (Who Owes It & How to Pay)Working from home has been a wonderful way to have more time with our daughters. The relative flexibility of my schedule allows me to earn money and avoid paying for child care. However, there are times when I do need...

Full Story

Income and Investments

Sports Betting Taxes Guide (How to Pay Taxes on Sports Betting)

February 27, 2020 (Last Modified: January 6, 2021) / Jim Wang
Sports Betting Taxes Guide (How to Pay Taxes on Sports Betting)Every year, I join a fantasy football league with my friends and every year, I lose. So for me, unfortunately, my limited sports gambling has no impact on my taxes. But if you frequently place bets on sporting events, and...

Full Story

Posts navigation

1 2 3 4 5 6 … 15 »

Get your maximum tax refund with TurboTax today

Start for free
Sign In

TurboTax Unemployment Center

Get the Latest Money Saving Tips Delivered to Your Inbox

Connect with us

Like us on Facebook. Follow us on Twitter. Subscribe on Youtube. Follow us on Pinterest. Subscribe to our RSS feed.

TurboTax editor’s picks

  • tax filing deadline extension IRS Announced Federal Tax Filing and Payment Deadline Extension March 30, 2021 / TurboTaxKat
  • Where’s my third stimulus check? Where’s My Third Stimulus Check? March 22, 2021 / TurboTaxKat
  • woman filing taxes on phone E-File is Now Open: Why You Should File Your Taxes Early February 12, 2021 / TurboTaxBlogTeam

RSS Tax Tips from TurboTax

  • Rules for Claiming a Dependent on Your Tax Return
  • What is the Purpose of an IRS W-9 Form?
  • What is a W-4 Form?
  • 7 Requirements for the Child Tax Credit
  • Guide to Short-term vs Long-term Capital Gains Taxes (Brokerage Accounts, etc.)

  • Blog Post Archive

  • Blog Site Map

  • Press Center

  • Disclaimer

    The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Use.

    About
    About
    • TurboTax guarantees
    • TurboTax security and fraud protection
    • Tax forms included with TurboTax
    • TurboTax en Español
    • Self-employed tax center
    • Tax reform center
    • Tax Refund Advance
    • E-file Taxes Online
    • Coronavirus and Your Taxes
    • Self Employed COVID-19 Relief
    • Unemployment Benefits and Taxes
    Online Software Products
    Online Software Products
    • TurboTax login
    • Compare online products
    • All online tax preparation software
    • Free Edition tax prep
    • Deluxe tax prep to maximize deductions
    • Premier investment & rental property taxes
    • Self-Employed taxes
    • Military tax filing discount
    • TurboTax Live Tax Expert Products
    • How TurboTax Live Works
    CD/Download Products
    CD/Download Products
    • TurboTax CD/download login
    • Compare CD/download products
    • All CD/download products
    • Check order status
    • CD/download shopping cart
    • TurboTax Advantage program
    • TurboTax Business for corps
    • Products for previous tax years
    Mobile Tax Apps
    Mobile Tax Apps
    • All TurboTax mobile apps
    • Official TurboTax mobile app
    • TaxCaster refund estimator app
    • ItsDeductible donation tracker app
    Help and Support
    Help and Support
    • TurboTax support
    • Contact us
    • TurboTax Advantage support
    • Where's My Refund
    • File an IRS tax extension
    • Get started with TurboTax
    • Refund Status Support
    • Common Tax Topics
    • After you file your taxes
    Tax Tools and Tips
    Tax Tools and Tips
    • Stimulus Check Calculator
    • All tax tips and videos
    • Tax calculators & tools
    • TaxCaster refund calculator
    • Tax bracket calculator
    • Check e-file status refund tracker
    • W-4 withholding calculator
    • ItsDeductible donation tracker
    • Self-Employed Expense Estimator
    Social
    Social
    • TurboTax customer reviews
    • TurboTax blog
    • TurboTax invite-a-friend discount
    • TurboTax Super Bowl commercial
    • Community
    • Intuit Tax & Financial Center
    More Products from Intuit
    More Products from Intuit
    • TurboTax Canada
    • Turbo: Free Credit Score
    • Accounting software
    • Mint budget tracker
    • Payroll
    • Quickbooks Payments
    • Professional tax software
    • Professional accounting software
    • More from Intuit
    Tax Expert Hub: A-D
    Tax Expert Hub: A-D
    • Tax Experts for Atlanta
    • Tax Experts for Baltimore
    • Tax Experts for Boston
    • Tax Experts for Charlotte
    • Tax Experts for Chicago
    • Tax Experts for Cleveland
    • Tax Experts for Dallas
    • Tax Experts for Denver
    • Tax Experts for Detroit
    Tax Expert Hub: E-N
    Tax Expert Hub: E-N
    • Tax Experts for Fort Worth
    • Tax Experts for Houston
    • Tax Experts for Las Vegas
    • Tax Experts for Los Angeles
    • Tax Experts for Miami
    • Tax Experts for Minneapolis
    • Tax Experts for New York
    Tax Expert Hub: O-R
    Tax Expert Hub: O-R
    • Tax Experts for Oakland
    • Tax Experts for Orlando
    • Tax Experts for Philadelphia
    • Tax Experts for Phoenix
    • Tax Experts for Portland
    • Tax Experts for Raleigh
    Tax Expert Hub: S-Z
    Tax Expert Hub: S-Z
    • Tax Experts for Sacramento
    • Tax Experts for St. Louis
    • Tax Experts for San Diego
    • Tax Experts for San Francisco
    • Tax Experts for San Jose
    • Tax Experts for Seattle
    • Tax Experts for Tampa
    • Tax Experts for Washington D.C.
Sitemap
  • YouTube
  • Blog
  • Facebook
  • Twitter
  • Instagram
  • Tumblr
Intuit - Powering Prosperity
turbotax quickbooks proconnect mint
  • About Intuit
  • Join Our Team
  • Press
  • Privacy
  • Security
  • Software and Licenses
  • Trademark Notices
  • Affiliates and Partners

©1997-2021 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

Security Certification of the TurboTax Online application has been performed by C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Certified by nResult Security Certification of the TurboTax Online application has been performed by C-Level Security Reviewed by TRUSTe, Site Privacy Statement

Authorized e-file Provider