The IRS does not allow you to claim clothing that can be used for both work and other everyday activities. Clothes you claim as a business expense must be mandatory for your job and not suitable for other purposes, explainsTurboTax. Advertisement For example, surprisingly, tennis coaches can't...
Intuit, maker of TurboTax, is in another row with lawmakers — this time over how it spent $94 million in tax breaks. Senators Elizabeth Warren (D-MA), Bernie Sanders (I-VT), Richard Blumenthal (D-CT), and Representative Katie Porter (D-CA) sent a letter to Intuit yesterday blast...
You can track your tax refund most easily if you filed a tax return electronically, but it is still possible if you mailed in your return. You can use the IRS "Where's My Refund" tool, call the IRS, or use the TurboTax Where's My Refund tracking guide to
When you convert from a Traditional IRA to a Roth IRA, you will receive a1099-Rform.Complete this section only if you converted *during* 2024. If you only converted during 2025, you won’t have a 1099-R until next January. Please followSplit-Year Backdoor Roth IRA in TurboTax, 1st Ye...
There are other steps you can take to lower your AGI, such as: increase your 401(k) contributions increase your Health Savings Account (HSA) contributions make a deductible IRA contribution WithTurboTax Live Full Service, a local expert matched to your unique situation will do...
TurboTax wants to make sure the IRA/SEP/SIMPLE checkbox is not checked. Rollover Destination If you converted to Roth within the plan, answerYeshere. If you took the money out of the plan to a Roth IRA, answerNo. If you answered “No” to the previous question, confirm that the money...
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you can downgrade the version, but the condition is that we have only one way to do that. We call it “Clear and Start Over,” only this method can downgrade it. You need to have aTurboTax loginfor that and if you are getting TurboTax login problems, then resolve it and then move ...
WithTurboTax's basic tieryou can report W-2 income, some interest and dividends, child tax credits, theEarned Income Tax Creditand deductionsfor student loan interest. According to TurboTax, about 37% of filers qualify to use its basic tier for free. ...
Corporations hire people to donate money to politicians – we call them lobbyists – and in return, those members of Congress pass laws that favor the corporations. We do not see this as a bribe even though it is, but the money given by these corporations clearly influences how our politici...