In June 2018 the IRS announced they were working on changes to the 1040 tax forms. The new 1040 form consolidates the three versions of the 1040 into one form. In addition to shortening Form 1040, the changes eliminate Forms...
Tax Reform made changes to the tax law effective in the 2018 tax year for the majority of taxpayers. A few of the changes include the reduction of five of seven tax brackets, an increase in the standard deduction, and...
Can you believe that it’s March? Not only is the year flying by, but that means we’re in the middle of tax season too. If you have been waiting to file your taxes, don’t! Now is the best time to...
As you may already know, tax reform has changed taxes for the majority of taxpayers beginning with tax year 2018. And if you took the plunge into self-employment in 2018, you may be wondering how the new tax law affects...
Planning on starting your taxes soon? Is tax reform top of mind? If so, we have some exciting news to share! TurboTax has created the Tax Reform Calculator for Educational Purposes. A new interactive tax reform calculator that helps you understand...
The new tax reform law, passed in December 2017, is the largest piece of tax legislation in nearly 30 years and changed several key tax provisions for taxpayers and families. But what do these changes mean for your taxes? Most notably,...
Giving Tuesday officially kicks off the season of giving. If you plan to donate to a charity before year-end, you may be wondering how the new tax law affects your tax deduction for charitable donations. Here’s the scoop! Charitable donations...
On December 22, 2017 the biggest piece of tax legislation in about three decades was passed. One of the biggest changes to the new law nearly doubles the standard deduction and eliminates or limits a number of common itemized deductions...
On December 22, 2017 the new tax reform law was passed, which will affect the taxes of most taxpayers beginning with their 2018 (the ones filed in 2019). If you’re wondering how you’re affected, don’t worry, we have your back...
For people who haven’t filed your 2017 taxes yet, make sure to take advantage of these tax deductions while you still can before the October 15th extended tax deadline! The new tax reform law eliminated several popular tax breaks starting...
![An Overview of 2018 Tax Reform Changes [Infographic]](https://blog.turbotax.intuit.com/wp-content/uploads/2018/11/Notebook_Dollar_Doodles.jpg?w=263&h=143&crop=1)
