The TurboTax Blog

Expenses

Are Work-Related Devices a Tax Write Off?

May 7, 2020 / Ginita Wall, CPA, CFP®

You may have heard tax reform eliminated tax deductions for un-reimbursed employee business expenses beginning with your 2018 taxes. If you own your own business, however, you can still deduct business expenses. So what high-tech toys (oops, excuse me, necessary...

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Tax News

4 Key Things You Need to Know About the New 2020 IRS Form W-4 for Employee Withholding

May 6, 2020 / TurboTaxBlogTeam

You may or may not have heard that the IRS launched a newly redesigned Form W-4 used to adjust federal tax withholding, which is effective starting with the tax year 2020 (the taxes you file in 2021). The IRS created...

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Tax News

What is My State Tax Deadline? What to Know About Coronavirus and State-Specific Tax Deadlines

May 6, 2020 May 14, 2020 / TurboTaxBlogTeam

In response to Coronavirus, the Treasury, IRS, federal and state governments have announced changes to the 2019 tax filing deadline. The federal tax deadline has been extended to July 15, 2020. While a majority of states’ filing deadlines have been...

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Tax Tips

The Tax Implications of Having a Nanny or Housekeeper

May 1, 2020 / Elle Martinez

For many couples, juggling time with the family along with work obligations means something has got to give. A solution that some families have found to be a wonderful arrangement is hiring a nanny or housekeeper. Having a capable professional...

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Tax News

What Coronavirus Relief Means for College Students and Grads

May 1, 2020 May 13, 2020 / Jim Wang

Coronavirus has significantly changed the way we currently live our lives. My wife is a professor at the University of Maryland and she’s seen first hand the impact it’s had on the university. Many of the classes are now online...

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Self-Employed

I Work For a Rideshare Company, How Can I Get My Biggest Tax Refund?

April 28, 2020 / Jim Wang

The proliferation of rideshare companies like Uber and Lyft has created a whole new income stream for many people. In general, as a driver for a rideshare company, if you contract your driving services and your work is not under...

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Tax Deductions and Credits

What’s the Difference Between a Tax Credit and a Tax Deduction?

April 27, 2020 / TurboTaxBlogTeam

While both tax deductions and tax credits can save you a significant amount of money on your taxes, they work in significantly different ways. Find out how here.

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Tax Planning

TurboTax Answers Most Commonly Asked Tax Questions

April 27, 2020 / TurboTaxBlogTeam

Although the federal tax deadline was recently extended from April 15 to July 15, 2020, about 75% of taxpayers have already filed their federal taxes according to IRS statistics for the period ended April 17. As taxpayers continue to file...

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Home

Earth Day 2020: Going Green Saves You Green on Your Taxes

April 22, 2020 April 23, 2020 / TurboTaxBlogTeam

Did you know that Earth Day 2020 marks Earth Day’s 50th anniversary and this year’s theme is climate action? Taxes may not be the first thought when you think about the environment, but it’s important to highlight the benefits of...

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Self-Employed

What the Coronavirus Relief Means for Self-Employed Taxpayers

April 21, 2020 / TurboTaxBlogTeam

In response to coronavirus, the Treasury, IRS and federal government have announced several changes to the tax filing season, coronavirus relief, and stimulus packages for individuals, the self-employed workers and businesses. If you’re self-employed, here’s everything you need to know...

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Get the latest COVID-19 updates and visit our new Self-Employed Coronavirus Relief Center.

What the Coronavirus Stimulus Package Means for You

Are Work-Related Devices a Tax Write Off?

4 Key Things You Need to Know About the New 2020 IRS Form W-4 for Employee Withholding

What is My State Tax Deadline? What to Know About Coronavirus and State-Specific Tax Deadlines

The Tax Implications of Having a Nanny or Housekeeper

What Coronavirus Relief Means for College Students and Grads

I Work For a Rideshare Company, How Can I Get My Biggest Tax Refund?

What’s the Difference Between a Tax Credit and a Tax Deduction?

TurboTax Answers Most Commonly Asked Tax Questions

Earth Day 2020: Going Green Saves You Green on Your Taxes

What the Coronavirus Relief Means for Self-Employed Taxpayers

Get the latest COVID-19 updates and visit our new Self-Employed Coronavirus Relief Center.

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