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Tax News

Unemployment Stimulus: Am I Eligible for the New Unemployment Income Relief?

April 1, 2021 (Last Modified: April 5, 2021) / TurboTaxKat
Unemployment Stimulus: Am I Eligible for the New Unemployment Income Relief?The recently passed third stimulus relief package, known as the American Rescue Plan, expands federal unemployment benefits and provides tax free unemployment benefits.   If you received unemployment benefits, TurboTax is here to help you understand what all of this means...

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Tax News

What Coronavirus Relief Means for College Students and Grads

March 18, 2021 / Jim Wang
What Coronavirus Relief Means for College Students and GradsCoronavirus 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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Tax News

Tax Tips for Unemployment Income If You’ve Been Laid Off or Furloughed

March 10, 2021 (Last Modified: April 6, 2021) / TurboTaxLisa
Tax Tips for Unemployment Income If You’ve Been Laid Off or FurloughedThese are unprecedented times and many Americans are struggling financially — unfortunately, unemployment rates have been steadily increasing with Americans filing more than 40 million claims for jobless benefits and the national unemployment rate exceeding 14 percent due to job...

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TurboTax News

TurboTax Offers Free Tax Filing for Military Active Duty and Reserve

February 9, 2021 / TurboTaxBlogTeam
TurboTax Offers Free Tax Filing for Military Active Duty and ReserveThrough our Intuit Military and Veteran Initiative, we are committed to creating job opportunities and fueling financial empowerment for military families and veterans through programs woven within the fabric of our company. As a part of this commitment, we at...

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Tax News

What Does the Second Coronavirus Relief Bill Mean for the Unemployed?

December 30, 2020 (Last Modified: January 5, 2021) / TurboTaxKat
What Does the Second Coronavirus Relief Bill Mean for the Unemployed?As of November 2020, the U.S. Bureau of Labor Statistics, reported that many Americans – roughly 10.7 million that is – were unemployed. This means millions of Americans were set to lose unemployment benefits if the second coronavirus relief package...

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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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Taxes 101

Charity Tax Deductions (What Counts as a Contribution?)

December 1, 2020 (Last Modified: April 23, 2021) / TurboTax Blog Team
Charity Tax Deductions (What Counts as a Contribution?)

Some believe that you can deduct contributions to any organization you want. Others insist that you can deduct the value of time spent volunteering. In fact, both of these ideas are wrong. Here’s the a quick guide to charitable deductions.

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TurboTax Live Offers CPAs to Answer Your Tax Questions and File Your Taxes

January 13, 2020 (Last Modified: June 8, 2020) / TurboTaxBlogTeam
TurboTax Live Offers CPAs to Answer Your Tax Questions and File Your TaxesYou may be wondering about how your taxes are going to look, what to expect if you had a life change or started investing or became self-employed. Whatever your questions may be, we have great news for you – TurboTax...

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TurboTax News

Introducing a Completely Redesigned TurboTax Premier Tailored for Investors

December 5, 2019 (Last Modified: December 9, 2019) / TurboTaxBlogTeam
Introducing a Completely Redesigned TurboTax Premier Tailored for InvestorsOver the past five years, the profile of the taxpayer with “investments” has changed. With the rise of investing apps and cryptocurrency, investors are younger and playing a more prominent role in their personal investment choices. Today, there are nearly...

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TurboTax News

Had a Life Change? TurboTax CPAs and EAs Will be by Your Side with Our New Offering TurboTax Live

April 10, 2019 (Last Modified: July 12, 2019) / TurboTaxLisa
Had a Life Change? TurboTax CPAs and EAs Will be by Your Side with Our New Offering TurboTax LiveDid you get married this year? Purchase your dream home? Have a baby? Or have another life change? Changes experienced in your life can bring about many questions and uncertainties. Although you may have questions about how these affect your...

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  • Man checking his refund status Where’s My Tax Refund? How to Check Your Refund Status March 31, 2021 / TurboTaxLisa
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