If you’re an owner of farmland, you can typically use Form 4835 to report farm rental income based on crops or livestock produced by tenants. Go to this section in Credit Karma Tax: Farm Rental In...
If you sold property according to a certificate of divestiture issued by the Office of Government Ethics (OGE) or the Judicial Conference of the United States (or its designee) and purchase replace...
Form 1099-C shows debt you had canceled, forgiven or discharged for less than the amount you owed during the tax year. The amount you didn’t have to pay is generally considered taxable, however, th...
If you are on active-duty in the military and move on orders to report to a new base, you may be able to deduct some of the expenses related to your move on your federal return. As a result of the...
If you provide the IRS with information that helps them collect taxes, penalties, interest or other money owed by someone who has not paid their taxes, you could be eligible to receive a whistleblo...
The Alternative Motor Vehicle credit incentivizes taxpayers to purchase qualified fuel cell vehicles. This credit is available to businesses and individuals. Go to this section in Credit Karma Tax:...
There are several expenses that you can include when itemizing your deductions. Some don’t fit into any of the other groups of itemized deductions, so they fall under miscellaneous expenses. Go to...
The federal government charges excise taxes on certain types of fuels. There are, however, some nontaxable uses of these fuels, for which the purchaser can claim a credit. You may be eligible if yo...
This credit incentivizes taxpayers to purchase qualified plug-in electric vehicles, offering a tax break when you purchase an eligible vehicle and start driving it in 2018. It can be either for per...
While deductions and credits can both reduce the amount of taxes you pay, they work in different ways. Tax Deductions Deductions are amounts that can reduce your taxable income which is used to ca...