Business owners and self-employed taxpayers may be entitled to a home office tax deduction when they work from their home. This tutorial demonstrates how to claim the deduction using the simplified method in TurboTax.
The earned income tax credit is a federal tax credit available to low income taxpayers that have earned income (i.e. wages). This article covers how an individual can claim the credit using TurboTax.
Individuals with qualifying children may be able to claim a child tax credit (CTC) on their Form 1040. This video walkthrough shows how to complete Form 8812 using TurboTax.
Certain taxpayers are eligible for a federal tax credit when they make contributions to a retirement account. This article discusses the Form 8880 and how to complete the form in TurboTax for 2022.
Contributions to a Traditional IRA are generally tax deductible for the taxpayer. This tutorial covers how to enter those contributions and deduct them using TurboTax for the 2022 tax year.
Dividend income is generally reported on a Form 1099-DIV. Taxpayers can use the information provided to complete Schedule B on Form 1040 of their income tax return.
Gains and losses from stock sales are reportable on Form 1040. Generally, these transactions are reported on Form 8949 and Schedule D.
When U.S taxpayers realize gains and losses on cryptocurrency transactions, those amounts are reportable on Form 1040. This walkthrough shows how to enter cryptocurrency transactions in TurboTax.
If a taxpayer receives a Form 1099-K for selling personal use items, those sales must generally be disclosed on Form 1040. This tutorial reviews a Form 1099-K scenario and how to enter information into TurboTax.
If a taxpayer receives a Form 1099-K for selling personal use items, those sales must generally be disclosed on Form 1040. This tutorial reviews a Form 1099-K scenario and how to enter information into TurboTax.
