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I recieved a lump sum from an insurance settlement. I don't see an option for Insurance settlements in the subcategories within the Income tab. I believe I still have to file the amount in the state of Texas. Any help would be appreciated.
Hello, I bought a house in 2023 and paid some points for the mortgage. I qualify to deduct all of the points in 2023 however my realtor rebates that were to be put towards closing costs was reflected in the closing statement in the points row under the column "Paid by Others". This meant that my 1098 only reflects a small…
Good morning, At what point and where do we enter our parking fsa deductions? Apologies if I have missed it, but I do not see a mention of it in the forms.
If my employer's health plan choices aren't very good, and I opt to pay for my own plan, is that tax-deductible?
I have been paying my over 18 year old child for work she is doing for my small business. What are the rules on this as a deduction?
Hello, I have had deductions taken out for a medical FSA from my employer. This lowers my taxes. It pretax. When I file my taxes, my FSA is placed in the w-2 form, 10, dependent care benefits. The tax program asks me what the dependent care benefits was used for. There is no area that says medical, just information for…
I bought my first home at the beginning of 2023 and will have a tremendous amount of mortgage interest payment made by the end of the year, is there a maximum amount of mortgage interest I can deduct from my taxes? Simplified scenario for example, if my federal taxes are 20k and my mortgage interest is 25k would I get a…
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