The TurboTax Blog • Tax Deductions and Credits

Family

Who Can I Claim As a Dependent?

November 13, 2019 November 14, 2019 / TurboTaxLisa

The article below is accurate for your 2019 taxes, the one that you file this year by the April 2020 tax deadline. Under tax reform, you can no longer claim the dependent exemption — which was $4,050 for tax year...

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Tax Deductions and Credits

10 Commonly Overlooked Tax Deductions

November 2, 2019 November 1, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes. The holidays are coming up and while taxes may the last thing you may want to think about, now is...

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Tax Deductions and Credits

12 Ways to Save on Taxes Through Life’s Transitions

October 28, 2019 November 14, 2019 / Ginita Wall, CPA, CFP®

Though it hasn’t gotten to the point the Beatles envisioned when they said that if you take a walk they’ll tax your feet, like it or not, taxes are a part of almost everything we do in life. There are, however, ways to save on your taxes through your life’s transitions. Here are 12 tax tips to help you through major life events.

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Home

Daylight Savings Countdown: Energy Tips to Brave the Cold

October 25, 2019 / Jim Wang

With winter cold approaching and Daylight Savings ending here are some energy tips from Jim Wang to help brave the cold.

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Tax Deductions and Credits

Breast Cancer Awareness Month: Donations and Tax Deductions

October 3, 2019 / Elle Martinez

October is Breast Cancer Awareness month. Breast cancer is the most common cancer among women in America, so getting involved in the effort to fight breast cancer can have a tremendous impact. You can help the community by teaching others...

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Family

Fall Family Activities That Fit In Any Budget

September 9, 2019 September 25, 2019 / Elle Martinez

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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Education

7 Unexpected College Expenses to Factor Into Your Budget

September 6, 2019 September 25, 2019 / TurboTaxBlogTeam

So, you’re getting ready to head to college for the very first time. First of all, congratulations! Graduating high school and taking the step to go to college is a huge accomplishment, and you should be very proud of yourself....

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Tax Deductions and Credits

Is a Dog Your Tax Refund’s Best Friend?

August 19, 2019 August 16, 2019 / Elle Martinez

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Family

Tax Benefits for Having Dependents

August 9, 2019 August 7, 2019 / Ginita Wall, CPA, CFP®

Kids can be overwhelming when they are cooped up in the house while on break, but they are also blessed tax-savers when you file your taxes. Here are some of the tax benefits for having children and other dependents.

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Education

Is My Student Loan Tax Deductible?

August 1, 2019 August 5, 2019 / asbbaines

Student loans have become a tremendous burden. Even though you can’t escape the payments, are there any tax breaks for student loans? Luckily, taxpayers who make student loan payments on a qualified student loan may get a little relief.

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