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Tax Deductions and Credits

When Will the 2021 Child Tax Credit Payments Start Under Stimulus Relief?

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Tax Deductions and Credits

What is a Recovery Rebate Tax Credit?

December 29, 2020 (Last Modified: May 3, 2021) / TurboTaxKat
What is a Recovery Rebate Tax Credit?With all the information covering the stimulus checks and payments you may have heard the phrase Recovery Rebate Credit thrown around and are wondering, “what is the Recovery Rebate Credit?” or “Do I qualify for the Recovery Rebate Credit?”  Don’t...

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Tax Planning

TurboTax Spotlight: Tax Expert Miguel Shares Why TurboTax Live Full Service is a Gamechanger for Taxes

December 26, 2020 (Last Modified: December 29, 2020) / TurboTaxBlogTeam
TurboTax Spotlight: Tax Expert Miguel Shares Why TurboTax Live Full Service is a Gamechanger for TaxesIn case you missed it, we recently announced TurboTax Live Full Service, a new offering that will transform tax preparation for taxpayers this season, and we couldn’t be more excited. TurboTax Live Full Service allows you to virtually connect to...

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Self-Employed

End of Year Retirement Tips for Employees and the Self-Employed

December 26, 2020 (Last Modified: March 30, 2021) / TurboTaxBlogTeam
End of Year Retirement Tips for Employees and the Self-EmployedContributing to your retirement account is one of the best ways to reduce your taxable income and increase your potential tax refund. While some retirement accounts have year-end deadlines for contributions and required distributions, others give you extra time to...

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Income and Investments

Capital Gains Tax Calculator

December 24, 2020 (Last Modified: May 21, 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...

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Self-Employed

What is the Form 1099-NEC?

December 21, 2020 (Last Modified: February 4, 2021) / TurboTaxKat
What is the Form 1099-NEC?If you are self-employed, a freelancer, contractor, or work a side gig, you may be used to receiving Form 1099-MISC that reports your self-employed income at tax time. Beginning with tax year 2020, the IRS will require your self-employment income...

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Tax Tips

I Temporarily Lived in a Different State During Coronavirus. What Does That Mean for My Taxes?

December 17, 2020 (Last Modified: February 4, 2021) / Elle Martinez
I Temporarily Lived in a Different State During Coronavirus. What Does That Mean for My Taxes?This year has certainly created new challenges for everyone. Not only do many families have to deal with coronavirus, but they also have to cope with financial fallout.  Having to Move to a Different State During Coronavirus It could be...

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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,...

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TurboTax News

Intuit TurboTax Live Scores a Touchdown as Official Sponsor of the AFC & NFC Divisional and Championship Games

December 10, 2020 (Last Modified: February 4, 2021) / TurboTaxBlogTeam
Intuit TurboTax Live Scores a Touchdown as Official Sponsor of the AFC & NFC Divisional and Championship GamesAre you ready for some football? We hope you’re just as excited as we are for the kickoff of the NFL AFC & NFC Divisional and Championship Games because today, Intuit renewed an official sponsor partnership with the National Football...

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Tax News

The PATH Act and What You Need to Know About Expiring ITINs

December 7, 2020 (Last Modified: February 4, 2021) / TurboTaxLisa
The PATH Act and What You Need to Know About Expiring ITINsThe Protecting Americans from Tax Hikes (PATH) Act of 2015, which was passed by Congress and signed into law in December 2015, requires taxpayers to renew expired ITINs in order to file their taxes. The IRS announced that more than...

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Tax Tips

5 Ways to Celebrate The Holidays Without Blowing Your Budget

December 4, 2020 (Last Modified: December 16, 2020) / Elle Martinez
5 Ways to Celebrate The Holidays Without Blowing Your BudgetCan you believe it? We only have one month left and then we’re wrapping up the year! This holiday season undoubtedly looks different from what we are used to given COVID-19. It’s possible your holiday plans may have taken a...

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  • Self-Employed Tax Tips & Summer Jobs Self-Employed Tax Tips & Summer Jobs May 19, 2021 / Ginita Wall, CPA, CFP®
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