What is TaxGenius?
TaxGenius is an innovative tax application that utilizes artificial intelligence (AI) to simplify the tax season experience for users. By harnessing the capabilities of AI technology, TaxGenius efficiently addresses various tax-related inquiries and concerns.
Information
- Financing
- $130.00M
- Revenue
- $5.00M
- Language
- English
- Price
- Free
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Website traffic
- Monthly visits106
- Avg visit duration00:00:20
- Bounce rate--
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TaxGenius FQA
- What is the maximum capital loss that we can claim per year?
- What is the mortage interest deduction limit for married filing jointly?
- What are the rental expenses that we can deduct from rental income?
- Where can I find more information about the maximum capital loss claim?
- Where can I find more information about the mortgage interest deduction limit?
TaxGenius Use Cases
Tax season just got a whole lot easier - thanks to our AI-assisted tax app!
Most popular questions about taxes.
What is the maximum capital loss that we can claim per year?
The maximum capital loss that can be claimed per year is $3,000 ($1,500 if married filing separately). If the capital losses exceed the capital gains, the amount of the excess loss that can be claimed to lower income is the lesser of $3,000 ($1,500 if married filing separately) or the total net loss shown on line 16 of Schedule D (Form 1040).
What is the mortage interest deduction limit for married filing jointly?
The mortgage interest deduction limit for married filing jointly is $1 million for homes acquired before December 15, 2017, and $750,000 for homes acquired after December 15, 2017.
What are the rental expenses that we can deduct from rental income?
Rental expenses that can be deducted from rental income include advertising, auto and travel expenses, cleaning and maintenance, commissions, depreciation, insurance premiums, interest (other), legal and other professional fees, local transportation expenses, management fees, mortgage interest paid to banks, points, rental payments, repairs, taxes, and utilities.