![]() ![]() ![]() We will not represent you before the IRS or state tax authority or provide legal advice. If you receive an audit letter from the IRS or State Department of Revenue on your 2022 TurboTax business return, we will provide one-on-one question-and-answer support with a tax professional, if requested through our Audit Support Center, for audited business returns filed with TurboTax for the current 2022 tax year. TurboTax Audit Support Guarantee – Business Returns.You are responsible for paying any additional tax liability you may owe. If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we'll pay you the penalty and interest. 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. 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.In another example, due to the progressive rate schedule, considering income exclusions jointly will push some taxpayers into higher tax brackets and thus increase the joint estimate relative to the individual tax expenditure estimates. This is because, when all are repealed at once, it is more likely that a taxpayer’s optimal tax form behavior would be to claim the standard deduction which limits the total revenue gain from repealing the itemized deductions. When considered individually, the sum of their effects on revenue is greater than when they are considered jointly. For example, the individual itemized deductions for charitable contributions, mortgage interest expense, and state and local taxes are all tax expenditures. These interactions can increase or and decrease the estimated revenue effects of tax expenditures. Because of interactions between provisions, generally it is not correct to add separate tax expenditures for each provision to obtain a total for repealing all at once. An important assumption underlying each tax expenditure estimate reported below is that other parts of the Tax Code remain unchanged. ![]()
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