by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Alimony refers to payments made to or for a spouse or former spouse under a divorce or separation instrument. Only payments that meet specific requirements qualify as alimony for tax purposes....
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Education‑Related Adjustments Education‑related adjustments reduce AGI and are available even if the taxpayer does not itemize. Two primary adjustments are the educator expense deduction and the...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com An Individual Retirement Arrangement (IRA) is a tax‑favored personal savings vehicle that allows individuals to set aside money for retirement. Taxpayers may contribute to traditional IRAs or Roth...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com A Health Savings Account (HSA) is a tax‑favored account used to pay or reimburse qualified medical expenses for the account beneficiary, spouse, or dependents. An HSA must be established with a...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Self‑employed individuals may claim several adjustments to income on Schedule 1 (Form 1040). These adjustments reduce AGI and are available to sole proprietors, independent contractors, partners, and...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com A U.S. citizen or resident alien is taxed on worldwide income, even while living abroad. However, qualifying taxpayers may exclude foreign earned income and certain foreign housing amounts. For 2025,...
