The TurboTax Blog • Tax Deductions and Credits

Education

Back-to-School: Education Tax Benefits to Offset Education Costs

August 10, 2017 July 18, 2019 / Jim Wang

College is expensive. If you are looking for a way to offset some of your education costs, the government offers some tax credits and deductions designed to help students and their parents.

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Can My Boat or RV be Claimed as a Primary Residence on My Taxes?

July 28, 2017 June 5, 2019 / Jim Wang

Recently, there have been a plethora of stories about folks looking for a simpler life. For some, that simpler life is a tiny house where the upkeep and costs are low, and you strip your residence down to the bare...

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Tax Deductions and Credits

Volunteering This Summer? Find Out if Your Work is Tax Deductible

July 5, 2017 July 10, 2019 / Elle Martinez

Besides donating money, one of the best ways you can support a worthy cause is to volunteer. Many organizations are limited by what they can do because they don’t have the support staff and leaders to help them grow. You can...

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Can You Write off Solar Panels?

June 6, 2017 June 5, 2019 / Ginita Wall, CPA, CFP®

Hot enough for you? As summer starts to heat up, most of us begin to think of ways to keep cool. And you might be wondering about ways to get tax credits and deductions for the cost of doing so....

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Education

How Do Online Classes Affect My Taxes?

June 1, 2017 June 5, 2019 / TurboTaxLisa

Now that you’re in summer-time bliss on break from college you may be dreaming of sleeping in late for a few months until fall, but summer may be a great opportunity to get ahead and take a course or two....

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Tax Deductions and Credits

Is This Deductible? My Volunteer Work

April 12, 2017 June 5, 2019 / Ginita Wall, CPA, CFP®

How do you spend your spare time? Many people spend time giving back to their communities. Whether you volunteer at your children’s schools, the animal shelter, or participate in a local clean-up effort, you may be one of the people...

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Tax Deductions and Credits

You Can Deduct That? 6 Surprising Tax Deduction Tips for Telecommuters

April 12, 2017 June 5, 2019 / Brie Weiler Reynolds

Working remotely offers professionals quite a few perks. No commuting, a comfortable office space and less stress are typically what comes to mind. But what about the tax benefits of working from home? Those exist, too! Let’s review some of...

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Family

Beneficios Fiscales por Tener Dependientes

April 5, 2017 / TurboTaxBlogTeam

Los niños pueden ser abrumadores cuando están encerrados en la casa durante las vacaciones de primavera o verano, pero también ayudan mucho a ahorrar impuestos cuando usted presenta sus declaraciones de impuestos. Aquí están algunos de los beneficios fiscales por...

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Education

5 Tips to Save for College Tuition

April 4, 2017 June 5, 2019 / Jim Wang

College can be expensive: according to the College Board, a private four-year college costs an average of $32,410 a year. Four years comes out to nearly $130,000! While it’s hard to argue against the value of a college education, no...

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Tax Deductions and Credits

Real Talk: I Recently Lost My Job. Am I Able to Deduct My Travel or Vehicle Expenses While I Job Search?

April 2, 2017 June 5, 2019 / TurboTaxLisa

Q: I recently lost my job. Am I able to deduct my travel or vehicle expenses while I job search A: First off, I am sorry to hear about your situation. Job search can be a stressful, but hopefully some...

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