PMI deduction will be accepted as of 2/9/18. Once that is incorporated into the software, will or can turbo tax notify me so that I can complete my return?

[SamiaI · Accepted solution]

Please check back with us later for updates. It will take some time since the spending bill has just been passed and signed into law. The IRS and tax preparation software companies have to change various forms, schedules, worksheets and calculations to apply the changes. It may take a few weeks before anything is finalized at the IRS and with the TurboTax software which must also be approved by the IRS after they have completed their own changes.

You can visit IRS website to get more information:

https://www.irs.gov/newsroom/irs-statement-on-retroactive-extender-provisions

See the TurboTax support FAQ below for information:

https://ttlc.intuit.com/questions/4241639-tax-relief-the-bipartisan-budget-act-of-2018