Now that we’re in the heat of tax season, have you started filing your taxes yet? We managed to get my husband’s W-2 in the mail along with some 1099s, so I spent last weekend entering them into TurboTax (love how...
Every year, I join a fantasy football league with my friends and every year, I lose. So for me, unfortunately, my limited sports gambling has no impact on my taxes. But if you frequently place bets on sporting events, and...
On December 22, 2017 the biggest piece of tax legislation in about three decades was passed. One of the biggest changes to the new law nearly doubles the standard deduction and eliminates or limits a number of common itemized deductions...
Even with good insurance and a low deductible, no one truly enjoys paying medical bills. One bright spot to big bills is the opportunity to claim your medical expenses as a tax deduction on your tax return, as long as...
When a business brings in revenue, not every penny is taxed. Businesses are allowed to deduct their expenses from their income. It seems only fair considering there are costs to doing business and it would be unreasonable not to consider...
When it comes to tax deductions on your tax return, you have two options. The first option is to take the standard tax deduction, which will be based on your tax filing status. For the 2016 tax year, the standard...
No one likes to feel like they’re missing out. Especially when it comes to opportunities to pay fewer taxes. As this year’s tax deadline approaches, let’s take a look at some of the most commonly missed tax deductions. Tax deductions...
Q: I was diagnosed cancer with this year, and am currently receiving treatments. Will this have any affect on my tax situation? A: I am sorry to hear about your diagnosis, but hopefully this information will help you. If you have...
We’re kicking off a brand new series on the blog that is all about you. Or, more specifically, all about your tax questions. Each month, visit the TurboTax Blog to learn about a different trending question from the TurboTax AnswerXchange,...
When filing your taxes, how do you choose which deduction to take? The standard deduction or itemized deductions? What is the standard deduction? And what does it mean to itemize deductions? And why should you use one instead of the...
Now that we’re in the heat of tax season, have you started filing your taxes yet? We managed to get my husband’s W-2 in the mail along with some 1099s, so I spent last weekend entering them into TurboTax (love how... 
