The TurboTax Blog • Income and Investments

Real Talk Series: Do I Have to Report a Home Foreclosure on My Taxes?

September 14, 2016 July 19, 2019 / TurboTaxLisa

Q: Earlier this year, the bank foreclosed on my home. How do I report this on my taxes? A: Unfortunately financial crisis can happen in your life that can’t be avoided, but if you experienced a foreclosure, short sale, or...

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Income and Investments

How Do Game Show Winnings Affect Your Taxes?

August 31, 2016 / TurboTaxBlogTeam

Imagine this: you’ve made it to the final showcase of a popular game show. You have just guessed how much a 72” television, a red 2017 Chevrolet Camaro and a week-long trip to Thailand would cost. Suddenly, the host announces...

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401K, IRA, Stocks

What You Need to Know About 401(K) Early Distributions and Taxes

August 19, 2016 / Jim Wang

If you’ve been a diligent retirement saver, you may have amassed an impressive nest egg in your 401(K). There are some cases where making an early withdrawal from your 401(K) makes sense and many cases where it could hamper the...

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Income and Investments

Selling Your Home? 4 Must Know Tax Tips

August 9, 2016 / TurboTaxLisa

With home sale prices on the rise again you may be considering selling your home soon to cash in on a profit. Although most homeowners find that their home-sale profit is tax-free there are tips you should know to make...

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Income and Investments

Are Olympic Athletes Taxed on their Winnings?

August 5, 2016 July 11, 2019 / Jim Wang

When you think of the Olympics, and competing in the Olympics, you probably think about the prestige of competing on the world stage. These athletes, having trained for most of their lives, get a chance to showcase their abilities to...

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Income and Investments

6 Ways to Get Out of Debt and Achieve Financial Zen

July 28, 2016 / Mint

Is your debt stressing you out? If so, you’re not alone. Nearly 70 percent of American households have some form of debt. Our friends at Mint have recommendations for how to get out of debt and find financial freedom.70 percent is...

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Income and Investments

How to Raise Your Credit Score

July 21, 2016 July 24, 2019 / Philip Taylor

It’s a no-brainer when it comes to your credit score – a higher credit score is always better. Whether you need to repair a bad score or you just want to polish up your already high marks, a high credit score...

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Income and Investments

DIY Patriotism: Your 4th of July on a Budget

July 1, 2016 September 6, 2017 / Jim Wang

The Fouth of July is one of my favorite holidays. What’s not to love about fireworks, parades, and celebrating the nation around a sizzling grill, cool beverages, and all of your friends? In the lineup of expensive holidays, it’s not...

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Income and Investments

How To Throw Your Own Budget-Friendly Staycation

June 24, 2016 June 27, 2016 / Elle Martinez

Want to have a great time this summer, but you’re low on cash? Taking a staycation can be the perfect solution. Here are ten ways you can truly get away from it all and recharge without leaving your town limits. Live Like a Local, Enjoy...

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Income and Investments

Ways to Save This Summer Before You Head to College

June 13, 2016 July 10, 2019 / Philip Taylor

Everyone may have a different idea about how to enjoy the perfect summer break, but one truth remains: it’s no fun heading back to campus broke. Luckily, it’s not impossible to have a great summer break and still have plenty of...

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

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