Tax Reform | The TurboTax Blog

Tax Reform

New! TurboTax Tax Reform Calculator Educates on How Tax Reform Impacts You

December 6, 2018December 6, 2018 / TurboTaxLisa

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...

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Tax Reform

3 Tax Deductions Are Going Away Due to Tax Reform, Here’s What You Can Still Claim [Infographic]

December 5, 2018December 5, 2018 / TurboTaxLisa

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,...

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Tax Reform

I’m Donating to Charity This Winter, Will I Still Get a Deduction?

November 28, 2018November 28, 2018 / TurboTaxLisa

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...

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Tax Reform, Uncategorized

Does Tax Reform Impact How I Claim Standard vs. Itemized Deductions?

November 6, 2018November 6, 2018 / TurboTaxLisa

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...

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Tax Reform

An Overview of 2018 Tax Reform Changes [Infographic]

November 5, 2018November 7, 2018 / TurboTax Lauren

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...

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Tax Reform

Last Call on These Popular Tax Deductions

October 6, 2018October 5, 2018 / TurboTaxBlogTeam

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...

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Tax Reform

Tax Reform 101: How the Tax Reform Law Impacts Self-Employed

September 29, 2018September 28, 2018 / TurboTaxLisa

Portrait of woman in her artisan skincare studio and office

Currently, there are about 55 million people in the self-employed community and with one in five taxpayers becoming self-employed every day, that number is expected to grow. If you have taken the plunge into being a business of one or...

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Tax Reform

Tax Reform 101 for Families

September 25, 2018September 25, 2018 / TurboTaxBlogTeam

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The new tax reform law that was signed into law on December 22, 2017, changed taxes for the majority of taxpayers beginning in tax year 2018(the taxes you file in 2019). How Are Families Impacted? The following infographic provides a...

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Tax Reform

Tax Reform 101: 5 Things To Do Now

September 24, 2018November 13, 2018 / TurboTaxLisa

Even if you didn’t owe money this past tax season, it’s more important than ever to get ready for the upcoming tax season now. With so many changes under the new tax reform law, we wanted to break down five...

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Tax Reform

Can I Get a Tax Break for Supporting My Alma Mater’s Football Team?

September 12, 2018 / Jim Wang

The blue, red, and white football team line up at the line of scrimmage against the black and yellow team. The play is about to begin as the center has hand on the football and is ready to snap to the quarterback. Photo perspective is low and between the two teams.

Last year, if you made a donation to a university that gave you the right to buy tickets to a sporting event, sometimes known as personal seat licenses (PSL), you could deduct 80% of that donation from your taxes. If...

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