The TurboTax Blog • Tax Deductions and Credits

Most Overlooked Tax Deductions [VIDEO]

March 3, 2018 January 15, 2019 / Elle Martinez

Here are a few overlooked tax deductions that people miss out on. I’ll group them by home, and finally business. TurboTax makes it easy. Find out more here.

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Tax Deductions and Credits

Tres Créditos Tributarios para tu Familia

February 26, 2018 July 23, 2019

Nosotros como madres y padres trabajamos arduamente para poder darles a nuestros hijos la mejor educación, un techo donde dormir, y un plato que comer todos los días. Este esfuerzo tan valioso no es pasado por alto por el Servicio de Impuestos Internos (IRS por sus siglas en inglés). He aquí algunos créditos que están disponibles al preparar tu planilla de impuestos que nos ayudan con el sustento financiero de nuestros hogares y nuestros hijos.

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Family

¿A quién puedo declarar como dependiente?

February 12, 2018 June 12, 2019 / TurboTaxBlogTeam

El siguiente artículo se aplica correctamente para tus impuestos del 2017, los que se deben presentar este año antes de la fecha límite de abril del 2018. La información tributaria que aparece a continuación cambiará el próximo año para tus...

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Tax Deductions and Credits

What Are the 2018 Standard Mileage Rates?

February 2, 2018 July 11, 2019 / TurboTaxLisa

Calling all commuters! The IRS recently announced the 2018 “standard mileage rates”. Whenever you drive for business, medical reasons, or in support of a charitable organization, you may be able to get a mileage deduction and save money on your...

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Home

What is Mello-Roos? And Can I Deduct It?

December 29, 2017 June 5, 2019 / Jim Wang

The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. Most taxpayers know that property taxes...

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Tax Deductions and Credits

Holiday Donations and Tax Savings

December 22, 2017 June 5, 2019 / Jim Wang

Regardless of how you decide to give, it’s important to do it the right way so you can save as much as possible on taxes. If the government is willing give you a tax break as you’re helping others, it makes no sense not to take advantage of it, right?

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Tax Deductions and Credits

Give the Gift of Charitable Donations on Giving Tuesday

November 28, 2017 June 5, 2019 / Elle Martinez

According to the National Retail Federation, it’s estimated that over 164 million people planned to shop this past Black Friday and Cyber Monday. For many, it was to pick up gifts for either themselves or their loved ones ahead of the...

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Tax Deductions and Credits

Save with a New Tax Relief Donation Law and Holiday Giving

November 13, 2017 July 23, 2019 / TurboTaxLisa

As the holiday season quickly approaches, the giving season is also upon us, as many of us feel encouraged to donate during the last few months of the year. This year, in the wake of the recent devastation caused by...

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Family

4 Things You Should Know About Dependents Before Tax Time

November 8, 2017 July 23, 2019 / TurboTaxLisa

The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. We all know that supporting a...

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Tax Deductions and Credits

Tax Write-Offs for Athletes

October 22, 2017 June 5, 2019 / Ginita Wall, CPA, CFP®

If you are a professional athlete, you spend a great deal of time honing your technical skills and keeping your body in tip-top shape so you can win in the sport that you play. It’s imperative that you focus on...

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