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The TurboTax Blog > Tax Reform Information

Tax Reform Information

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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, 2018 (Last Modified: July 3, 2019) / 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

An Overview of 2018 Tax Reform Changes [Infographic]

November 5, 2018 (Last Modified: July 3, 2019) / TurboTax Lauren
An Overview of 2018 Tax Reform Changes [Infographic]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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Income and Investments

Sports Gambling and How Your Winnings are Taxed

October 29, 2018 (Last Modified: March 5, 2020) / Ginita Wall, CPA, CFP®
Sports Gambling and How Your Winnings are Taxed

You may be headed to the racetrack, casino or to make your sports bet, hoping to win big. But you might be surprised that Uncle Sam has his fingers crossed for your good fortune as well.

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Tax Reform

Last Call on These Popular Tax Deductions

October 6, 2018 (Last Modified: July 23, 2019) / TurboTaxBlogTeam
Last Call on These Popular Tax DeductionsFor 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 for Families

September 25, 2018 (Last Modified: July 22, 2019) / TurboTaxBlogTeam
Tax Reform 101 for FamiliesThe 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 Planning

Tax Withholdings and Your W-4

July 9, 2018 (Last Modified: August 23, 2019) / asbbaines
Tax Withholdings and Your W-4

Did you get a large refund this past April? More than $1000? Time to sit down, sip your beverage, and learn a bit about how to adjust your withholdings.

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Tax Reform

Tax Reform 101: Will Getting Married Change My Tax Situation?

June 22, 2018 (Last Modified: July 24, 2019) / Ginita Wall, CPA, CFP®
Tax Reform 101: Will Getting Married Change My Tax Situation?Are you planning to get married or are getting married soon? If so, congratulations! As you and your significant other plan for the big day and your life together, there is a lot to take into consideration. And as fun...

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Tax Planning

The TurboTax Finance Trend Report

May 1, 2018 (Last Modified: August 23, 2019) / TurboTaxBlogTeam
The TurboTax Finance Trend ReportWith tax season coming to an end last week, we wanted to share an update of the current trends in the finance industry, and some helpful tips and tricks to help navigate the changing landscape. Between the new tax reform...

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Tax Reform

Tax Reform 2017: Can I Deduct My Property Taxes I Prepaid in 2017 Under the New Tax Law?

December 28, 2017 (Last Modified: July 3, 2019) / TurboTaxBlogTeam
Tax Reform 2017: Can I Deduct My Property Taxes I Prepaid in 2017 Under the New Tax Law?On Friday, December 22, the President signed the largest piece of tax reform legislation in more than three decades. The new tax law will affect most taxpayers. One point to keep in mind, though, is that for the vast majority...

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Tax Reform

How Tax Reform Impacts You [Infographic]

December 27, 2017 (Last Modified: July 3, 2019) / TurboTaxBlogTeam
This week Congress passed the largest piece of tax reform legislation in more than three decades. The bill will affect the taxes of most taxpayers, but it’s important to keep in mind that for most people, the bill does not affect their...

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