Lisa Lewis

TurboTax Blog Editor and CPA with 15+ years tax experience. Brings a unique combination of tax expertise and writing skills to the blog.

[Jessica Menton @JessicaMenton]

Join us soon! 😁 @Josh1Rivera @charissejones @DinaPyron @TTaxLisa

[Lisa Lewis @TTaxLisa]

7C. Under CARES Act there was a provision that allowed you to not to pay on your federal student loan which was extended through January 2021 so you may not have as much student loan deduction as you usually have #MillennialTalk #turbotaxlive #littlelifts

[Lisa Lewis @TTaxLisa]

A6. There were over 40 million unemployed. Be aware that unemployment income is taxable, but you may be eligible for some income based credits and deductions like EITC and the Saver's Credit #MillennialTalk #TurboTaxLive #littlelifts

[Lisa Lewis @TTaxLisa]

5B. One benefit of getting expert help is that you can ask questions along the way, and get advice that’s really personalized to your unique situation. #MillennialTalk #TurboTaxLive

[Lisa Lewis @TTaxLisa]

3C. You can also use TurboTax Live Self-Employed to connect with real tax experts who can help with your taxes, or even do them for you! You can get started here: https://t.co/JGQubFiHRa #MillennialTalk #TurboTaxLive

[Lisa Lewis @TTaxLisa]

Thank you all for the great questions this afternoon during #TurboTaxTogether chat. I hope you all stay safe and got the answers to your questions you need. If you need help while doing your taxes don't forget you can connect to our TurboTax Live CPAs and Enrolled Agents.

[Lisa Lewis @TTaxLisa]

A7: TurboTax Live CPAs and EAs are available as much as you need them once you use TurboTax Live. They are availble in English and Spanish year round so you can connect with them all year #TurboTaxTogether

[Lisa Lewis @TTaxLisa]

@Roscoe1679 People are so amazed at the amount of deductions. The majority of tax payers get a tax refund. You may be surprised to find you have a refund coming once you claim the deductions and credits your eligible. Our TurboTax Live CPAs and EAs can help you #TurboTaxTogether

[Lisa Lewis @TTaxLisa]

@LoriLeal1 If your mom receives social security income they will issue her check based on her SSA-1099 #TurboTaxTogether

[Lisa Lewis @TTaxLisa]

Q7: If you think you're going to owe it would be good to start now by the time you go through #TurboTaxSelfEmployed you may find that you are eligible for so many tax deductions and credits you never even dreamed of. You may get a refund!

[Lisa Lewis @TTaxLisa]

@swmh1409 A credit is a dollar for dollar reduction of taxes you owe. A deduction is not dollar for dollar it is a deduction from your income based on your tax rate. #TurboTaxSelfEmployed doesn't make you worry about knowing the difference. It just gives you what you deserve.

[Lisa Lewis @TTaxLisa]

@Summrluver You must be doing well getting all of those 1099s reporting your income but don't forget all of the things you can deduct related to your business like mileage, home office deduction, travel, advertising to name a few #TurboTaxSelfEmployed will help uncover more.

[Lisa Lewis @TTaxLisa]

Q3: Such cool and different side gigs. Did you know 1 in 5 taxpayers becomes self-employed every year and #TurboTaxSelfEmployed can help uncover the unique tax deductions that you deserve.

[TheStreet @TheStreet]

5 things to do before filing your taxes in 2019. Maximize your tax return with our free webinar with @TurboTax LIVE Friday at 1 ET on https://t.co/o6IinmgxZm.

[Lisa Lewis @TTaxLisa]

@MomLuvsSPORTZ @turbotax @StacieinAtlanta @axmh1985 You would pay the other half of social security and medicare tax, but remember it's based on your income after deducting all your business expenses #TurboTaxSelfEmployed

[Lisa Lewis @TTaxLisa]

@MrsGinaTaylor What a creative job! #TurboTaxSelfEmployed can help you claim your art materials, supplies, travel, home office deductions and so much more! #TurboTaxSelfEmployed

[Lisa Lewis @TTaxLisa]

@MomLuvsSPORTZ @turbotax @StacieinAtlanta @axmh1985 Yes if you have employees you have to pay their half of medicare and social security unless they are not considered your employee. If you are self-employed you would most likely be paying them as a contractor so no SE taxes #TurboTaxSelfEmployed

[Lisa Lewis @TTaxLisa]

@MoneywiseMoms ....and if you had a W-2 job and had taxes taken out you may see a tax refund but you have to file to get it #TurboTaxSelfEmployed

[TheBossTeacher @axmh1985]

@StacieinAtlanta @turbotax I love the @turbotax blog!! It’s a gold mine if information!! #TurboTaxSelfEmployed

[Lisa Lewis @TTaxLisa]

@MrsGinaTaylor I think you mean what are the changes if you have kids. The new law eliminated the dependent exemption of $4,050 per child but doubled the Child Tax Credit to $2,000. You can also still claim child care and the Earned Income Tax Credit #TurboTaxSelfEmployed