Tax Law Changes What do late breaking tax changes mean for you and your family? Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxAshley Modified Jul 12, 2019 0 min read Hearing some buzz about late breaking tax changes, but not sure what it means for you and your family? Don’t worry, you aren’t alone. Bob Meighan, our go-to tax guy, breaks down what these changes are and how they could affect you in an interview with ABC News NOW. http://abcnews.go.com/assets/player/walt2.6/flash/SFP_Walt.swf Still have questions? Leave them in the comments and we will try to help answer them in Bob’s upcoming blog post. Written by TurboTaxAshley More from TurboTaxAshley 5 responses to “What do late breaking tax changes mean for you and your family?” If I claim the Home Energy Credit, do I also depreciate the expense? Do I include the costs associated with the rental apartment in my primary residence on Schedule E? Reply Hi DEE, Yes, the TurboTax CD you purchased will be up to date. When you install it you will be prompted to connect to the internet for automatic updates. Here is an FAQ that explains it. http://turbotax.intuit.com/support/iq/Update-Product/How-to-Update-TurboTax/GEN12280.html Ashley Reply It is now Jan 22. I bought my TT version 2-3 weeks ago. Will IRS changes that were made before the end of 2010 be taken care of in this version of Turbo Tax? Reply Doesn’t look like its going to change a whole lot for my family. Reply The man from turbo tax said during his interview on ABC News that Congress decission will probably be made in December or in 2011. And turbo tax software will be updated immediately, want if you buy the desktop software(CD) vs the online filing how wil updates get to me, I buy the desktop (CD). Reply Leave a Reply Cancel reply Browse Related Articles Self-Employed Self Employed: Living and Working Abroad? Here’s What… Investments What is a Bear Market and What Does it Mean to You? Income and Investments 4 Summer Activity Ideas That Won’t Break the Bank Tax Planning Everything You Need to Know About Property Taxes Self-Employed Self-Employed? Quarterly Tax Date Deadlines for Estimat… Income and Investments Recent Grad? Here are Four Reasons to Start Saving Now … Investments Real Estate Taxes vs. Property Taxes Retirement So You’re Thinking About Retiring One Day? Self-Employed Self-Employed Tax Tips & Summer Jobs Work So You’re Crossing State Lines?