A key difference between a traditional IRA and a Roth IRA is whether the money you contribute is considered taxable in the year you contribute or in the year you take a distribution. The different ...
You should receive a Form 1099-S, Proceeds From Real Estate Transactions, to report the sale or exchange of real estate. Go to this section in Credit Karma Tax: I Sold My Home Although gains from ...
If you use your vehicle for work purposes, you may be able to deduct vehicle expenses on your tax return. You can use either the standard mileage rate or you can deduct your actual expenses. Go to ...
You can’t claim your spouse as your dependent. If you’re unsure about the qualifications of a dependent, you can use the interactive interview offered by the IRS.
Your phone number helps us verify your identity. You will need a U.S. based phone number to receive a verification code. We are not able to send codes to non-fixed VoIP phone numbers such as Google...
In order to show you Approval Odds, Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for the same product. Though Approval Odds may help you na...
After registering for Credit Karma you may discover that you have a thin file. Having a thin file means there isn’t enough information on your credit reports to calculate your credit scores. Thin ...
My Balances has shut down. With the end of My Balances, all of your linked accounts will be removed. Keep in mind: None of your bank login or password information will be saved. You’ll lose acces...
If you used your vehicle while volunteering for a charity, you may be able to deduct the number of miles driven for charitable purposes. For example, you can deduct the miles driven to and from y...
As a result of the Tax Cuts and Jobs Act of 2017 (2017 tax reform): a deduction for unreimbursed employee expenses will be eliminated for individuals from 2018 through 2025. Instead check to see if...