![]() On the complete flip side, if you are getting a large sum of money back from the government, maybe rethink your withholding, right? I mean, why should Uncle Sam have your money all year long? Maybe now's the time to go to HR and say, you know what? I'm having too much withheld or not enough withheld. ![]() You could just be going to take a class to improve your skills to get that promotion, and that's up to $2,000. And then the Lifetime Learning Credit, that's another one that people often miss, and you don't have to be earning a degree. So the American Opportunity Tax Credit, that's for the first four years of college, whether it's your child or even for yourself if you're going for a four year degree. TRACY BYRNES: That's a great credit, and the education credits, too, I think, sometimes, they come off as a little confusing, right? Don't leave those on the table either. It's up to $1,000, if you're single, up to $2,000 married filing jointly. LISA GREENE-LEWIS: Yeah, the IRS reports that one out of five tax filers miss that credit, and it's a credit that you get automatically just for investing in your retirement. I have to believe that this is one that lots of people miss. TRACY BYRNES: Let's talk about some of the credits that people miss. TRACY BYRNES: Right, and if you are a head of household and you are taking care of all those people, you deserve the extra money. So that's a considerable difference that you're going to automatically get if you claim the standard deduction. But if you can file as head of household, it's $19,400. But as head of household, so the standard deduction for single is $12,950. LISA GREENE-LEWIS: Yes, I was definitely going to bring that up, because a lot of people think maybe I'll just file single. TRACY BYRNES: That's a great point, and for all the single mothers out there, head of household is probably the way to go if, indeed, you have the kids the majority of the time. Let's say, a couple is newly married, and the other person has some tax liabilities that they're taking care of. But there could be situations, where if each spouse, say, they're in, like, the six figure income, they may do better filing separately. For instance, some of the main credits for kids, like child and dependent care credit, child tax credit, you have to be married filing jointly to get those. LISA GREENE-LEWIS: In general, people that file married filing jointly do better, because you get more credits that you're able to take when you file as a married filing jointly. ![]() Are there opportunities for married filing separate people to actually do better? I think, sometimes, people just presume they should go married filing joint. Look, there's a lot of things out there that people forget about, right? Let's start with your filing status. Lisa Greene-Lewis, TurboTax expert and CPA, is with us right now. Well, there are definitely ways you can get more money back and increase that refund after all. If you mean "online" service then that ended for 2018 on and is presently getting ready for the 2019 tax year which will start sometime in December.TRACY BYRNES: A lot of people are worried that their refunds are going to be a little smaller this year, especially because a bunch of provisions have been taken away. The ONLY "service" you can presently use, is the software program installed on your own computer (that you can use anytime you want just like any other application), but that is hardly a "service". (What software company that sells do-it-youself software provides 24X7 support - that costs money and the price of the product would have to be high enough to support that - not practicable or realistic.)Īnd what does "Don't allow people to use your service 24/7." even mean. To talk directly with a TurboTax employee, use the link above to set up a phone call with customer support. This is a user-to-user help forum of other TurboTax users. Smarten up.įYI: This is not "your" company. Don't allow people to use your service 24/7 w/0 24/7 support to resolve issues. Is NOT complimentary to your company, one bit.
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