![]() ![]() 100% Accurate Calculations Guarantee – Business Returns.(TurboTax Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. If we are not able to connect you to one of our tax professionals, we will refund the applicable TurboTax federal and/or state purchase price paid. We will not represent you before the IRS or state tax authority or provide legal advice. Audit Support Guarantee – Individual Returns: If you receive an audit letter from the IRS or State Department of Revenue based on your 2022 TurboTax individual tax return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Support Center, for audited individual returns filed with TurboTax for the current 2022 tax year and, for individual, non-business returns, for the past two tax years (2021, 2020).(TurboTax Online Free Edition customers are entitled to payment of $30.) This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. Maximum Refund Guarantee / Maximum Tax Savings Guarantee - or Your Money Back – Individual Returns: If you get a larger refund or smaller tax due from another tax preparation method by filing an amended return, we'll refund the applicable TurboTax federal and/or state purchase price paid.This guarantee is good for the lifetime of your personal, individual tax return, which Intuit defines as seven years from the date you filed it with TurboTax. 100% Accurate Calculations Guarantee – Individual Returns: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest.TurboTax Tip: For cash contributions of $250 or more, the IRS requires that you have written acknowledgement from the charity in order to deduct the donation on your tax return. TurboTax ItsDeductible Online can help you track your donations and calculate resale values for them. You may also obtain the fair value by referencing various online resources for similar clothing in comparable condition. For example, if you contribute used clothing to the school, the guidelines suggest you check with thrift shops in your area to determine what they charge for similar articles of clothing. ![]() Although the IRS does not prescribe the methods, it warns taxpayers that the value has to accurately reflect the price that the property would sell for on the open market. Various valuation methods are used, depending on the type of property. Contributions of property require you to assess its fair market value on the date you make the donation. The IRS allows you to deduct the value of cash and property you contribute to a qualifying nonprofit school during the year. ![]()
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