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Tax Tips

Is My State Tax Refund Taxable and Why?

March 12, 2020 March 13, 2020 / TurboTaxBlogTeam

For those who itemize their deductions, it’s one of the stranger parts of the tax code. First, you get to take a deduction of your state and local taxes, then all of a sudden the next year you get a...

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Tax Planning

Taxes Done? Find Out Which Tax Records You Should Keep

February 21, 2020 March 24, 2020 / Philip Taylor

The tax deadline will be here before you know it! Once you’ve finished filing and before you throw all of your tax documents up in the air to celebrate the occasion, we need to discuss just how long you should...

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Family

Can You Claim a Parent as a Dependent?

February 18, 2020 February 20, 2020 / Philip Taylor

For that time in a person’s life when he or she begins to take care of their parent, its important to know that the IRS allows those individuals to claim their parents as dependents on their tax return.

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Tax News

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

February 13, 2020 February 18, 2020 / TurboTaxBlogTeam

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

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Tax Deductions and Credits

All The Single Ladies…Put Your Tax Deductions Up!

February 10, 2020 March 24, 2020 / Elle Martinez

If you’re single, you may be hanging out with your lady crew for Galentine’s Day. It’s a day that’s literally leaped from TV to real life, but it can also be a great time to celebrate some financial wins together...

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Taxes 101

First Time Taxpayers: Your Go-to Guide For Filing Your Taxes

January 31, 2020 February 3, 2020 / TurboTaxBlogTeam

Picture this: you have an awesome job and are making your very own money (maybe for the first time) and all is well…and then BAM! January comes, your employer sends you a W-2 form and suddenly you are thrust into...

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Tax Planning

Save the (Tax) Dates!

December 10, 2019 March 20, 2020 / TurboTaxBlogTeam

UPDATE: The Treasury recently announced tax changes and updates in response to COVID-19, updates include an extension of the first installment of tax year 2020 quarterly estimated taxes to July 15, 2020. Some information in this post however requires additional...

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Tax Reform

Tax Reform 101: 5 Things To Do Now

December 6, 2019 / TurboTaxLisa

Even if you didn’t owe money this past tax season, it’s more important than ever to get ready for the upcoming tax season now. With so many changes under the new tax reform law, we wanted to break down five...

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Tax Planning

Happy First Day of Autumn: How to Not “Fall” Behind on Your Tax Preparation

September 23, 2019 September 25, 2019 / Elle Martinez

When my husband and I started filing our taxes, we didn’t know everything we needed to know about filing taxes. We learn more and more each year and adjust our “system” as needed, especially since I’m self-employed. With the help...

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Tax Tips

Tax Tips for Second-Home Owners

June 13, 2019 July 12, 2019 / Jim Wang

When you own a second home, some tax rules are similar to the ones relating to your first home. However, let’s discuss how to benefit from the tax rules once you start renting that second home. Every year we rent...

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The IRS filing deadline has been extended to July 15, 2020, for all taxpayers. See more tax updates related to COVID-19 here.

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