Can I use older version of TurboTax?
Unfortunately, no you can not use an older version to file this year’s taxes. Each year requires it’s own version. Here is information on how you can get this year’s TurboTax.
How do I use home office deduction on TurboTax?
If you are paid as an employee (W-2), report your expenses (including your home office) under Deductions & Credits >> Employment Expenses >> Job-Related Expenses.
Does TurboTax Deluxe include home office deduction?
To take the employee home office deduction , you would require at least TurboTax Deluxe (Online) or any version of TurboTax Desktop because in order to take this deduction, you would have to itemize (Schedule A). Please note: Job-related expenses aren’t fully deductible as they’re subject to the 2% rule.
Is TurboTax free for previous years?
Tax Return Access: Included with all TurboTax Free Edition, Deluxe, Premier, Self-Employed, TurboTax Live, TurboTax Live Full Service customers and access to up to the prior seven years of tax returns we have on file for you is available through 12/31/2023.
Do I need to uninstall TurboTax 2017 before installing 2018?
If you remove the 2017 program the tax file remains on your computer so information from 2017 will still be carried over to 2018. But as xmasbaby0 mentioned, you will not be able to see your 2017 return in Turbotax if you remove the program.
Do I need a new version of TurboTax?
Because there isn’t a way to update your prior-year tax software to handle the 2021 tax laws, you’ll need to purchase TurboTax 2021 if you want to use TurboTax to prepare this year’s taxes.
Can I deduct my internet if I work from home?
Since an Internet connection is technically a necessity if you work at home, you can deduct some or even all of the expense when it comes time for taxes. You’ll enter the deductible expense as part of your home office expenses. Your Internet expenses are only deductible if you use them specifically for work purposes.
Can I deduct home office if I work from home?
You can write off up to 100% of some expenses for your home office, such as the cost of repairs to the space. Invest in You: Ready. Set. For example, if your home office is 10% of your entire living space, you can deduct that much from the costs of mortgage, rent, utilities and some kinds of insurance.
Can I claim my home office on my taxes?
You can write off up to 100% of some expenses for your home office, such as the cost of repairs to the space. For example, if your home office is 10% of your entire living space, you can deduct that much from the costs of mortgage, rent, utilities and some kinds of insurance.
Can I uninstall and reinstall TurboTax?
Yes you can install the Desktop program on 5 computers either by CD or download. You can download it the same way as you did the first one.