Video: How to Track Tax Deductions
Tax deductions allow you to decrease your taxable income which can save you money come tax season. Track tax deductions with help from TurboTax in this video on tax tips.
Hello, I'm Jeremy from TurboTax with some important news for any taxpayer who has deductible expenses.
Remember those days of pulling out all your receipts to calculate your tax deductions? Well, those days are long gone. Now, you can calculate and track your expenses year round with just a few clicks of a button.
Anyone can do this by creating a free account with TurboTax ItsDeductible Online.
- First, go to ItsDeductible.com and sign up for free.
- Once you create an account and have your secure login, the program will walk you through inputting your deductible expenses and will even give you IRS approved values for non-cash donations, like clothing or toys.
All your information is securely saved online and you can login anytime to add more donations. Then, when it's time to do your taxes, all of the information you saved can be automatically imported into TurboTax Deluxe, Premier or Home and Business and be applied to your tax return.
If you use TurboTax Deluxe or above, ItsDeductible is built right in. So, even if you haven't been tracking your deductions with us online, you'll still be able to calculate your tax deductions with ItsDeductible.
With TurboTax Live Full Service, a local expert matched to your unique situation will do your taxes for you start to finish. Or, get unlimited help and advice from tax experts while you do your taxes with TurboTax Live Assisted.
And if you want to file your own taxes, you can still feel confident you'll do them right with TurboTax as we guide you step by step. No matter which way you file, we guarantee 100% accuracy and your maximum refund.