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Tax Reform

Tax Reform Bill Passed: Here’s What It Means for You

December 20, 2017 (Last Modified: July 3, 2019) / TurboTaxBlogTeam
Tax Reform Bill Passed: Here’s What It Means for YouThis post can be found en Español here. Updated Dec. 22, 2017:  Today the President signed the tax reform bill into law.  Remember for most people, the bill doesn’t affect their taxes for 2017 (the ones they file in 2018). ...

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Tax Reform

Tax Reform Legislation 2017: What You Should Know

December 13, 2017 (Last Modified: July 23, 2019) / TurboTaxBlogTeam
Tax Reform Legislation 2017: What You Should KnowUpdated Dec. 15, 2017: Today Congress finalized the Tax Cuts and Jobs Act tax reform bill. The bill will now go to vote by the House followed by the Senate.  This is expected to happen early next week.  The bill...

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Income and Investments

What is an IRS 1099 Form? (Definition & Form Differences)

November 16, 2011 (Last Modified: November 17, 2020) / Jim Wang
What is an IRS 1099 Form? (Definition & Form Differences)At tax time, one of the forms that you might run into is the 1099 Form. The IRS uses this form to distinguish different types of income that may not come to you as part of a regular job. When...

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Tax News

Debt Ceiling Limit Increase Voted Into Law: What Does This Mean for Taxpayers

August 4, 2011 (Last Modified: July 3, 2019) / TurboTaxLisa

After months of waiting, Congress finally agreed to raise the 14.3 trillion debt ceiling and reduce federal spending, instantly giving the Treasury 400 billion additional borrowing power.

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