by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Certain payments received because of sickness, injury, or death are excluded from income when they meet statutory requirements. The exclusions below frequently appear on the EA exam. Workers’...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Education benefits can be excluded from income when they meet specific statutory requirements. These exclusions apply to scholarships, savings bond interest, education savings accounts, qualified...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Certain disability pensions paid by government services are excluded from income when the disability is connected to active service. These exclusions apply to pensions, annuities, or similar allowances...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com Many employer‑provided benefits are taxable unless a specific exclusion applies. A fringe benefit is generally included in income unless the employee pays fair market value or the law provides an...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com A taxpayer may be able to exclude income from the cancellation of qualified principal residence indebtedness. This exclusion applies to debt discharged after 2006 and before 2026. If the exclusion is...
by Turquoise Tax Systems | Jun 17, 2026 | Individual Tax
100% Free Federal. $14.99 State. Direct IRS E-File. FreeTaxUSA.com A taxpayer who meets Section 121 requirements may exclude gain from the sale of a main home. If the exclusion does not apply, the sale is reported on Form 8949 and flows to Schedule D. A main home is...
