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How do scholarships and grants affect your ability to claim an education credit?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro Paying for higher education can be expensive, so any financial assistance is helpful. Scholarships and grants are invaluable resources that can reduce the cost of tuition and other educational expenses. Additionally, education credits, such as the American Opportunity Tax…
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Why is my refund lower than what FreeTaxUSA calculated?
Contributed by: Henry, FreeTaxUSA Agent, Tax Pro When you prepare your tax return with FreeTaxUSA, our goal is to help you file an accurate tax return while maximizing your refund or minimizing the amount of tax you owe. If you’re due a refund, the IRS will send it to you after they finish processing your tax return.…
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First Time Using FreeTaxUSA
Contributed by: AndreaS, FreeTaxUSA Agent, Tax Pro Filing your own tax return can seem like a daunting task! But at FreeTaxUSA, we like to keep our software easy to understand and approachable so anyone can feel confident preparing their own return. Best of all, federal returns are always free! There is a small fee for the…
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How do I enter the sale of a second home?
Contributed by: AndreaS, FreeTaxUSA Agent, Tax Pro A second home is typically a home that is used by you part of the year. This includes a vacation home or a smaller home in another city you live in occasionally throughout the year for business. It is a home used for personal use that isn’t your main home. When you’re…
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How do I report a car rental as a business expense?
Contributed by: MatthewD, FreeTaxUSA Agent, Tax Pro The gig economy is a flexible labor market where individuals engage in temporary, project-based work. The gig economy has experienced huge growth over the last decade. Companies like Uber, Lyft, Uber Eats, DoorDash, and Amazon Flex, are just a few examples of this trend.…