[Event] Ask the Experts: Tax Law Changes

[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)

Join us on Wednesday, Jan 14th any time between 9:00 am and 5:00 pm Pacific Time for our latest installment of our Ask the Experts event series. There are major changes in the tax laws that will affect your tax outcome. Join us to get the clarificati... read more

TurboTax Gives Me a Higher Refund if I Let "IRS to Figure Penalty Box"

I retired in July and made an estimated tax payment today to cover what I saw as a shortfall in my tax payments with my initial figures being imported into TurboTax. When I was doing the Smart Check, TurboTax told me to Check This Entry for IRS to Fi... read more

Custodial Account

I want to use an account where I can invest for my children, but the money is accessible before they’re 18. I think I could use a custodial account to invest the funds, but I want to make sure that I can pull the funds out for purchases they may want... read more

No Tax on overtime

Hello, I understand that the no tax on overtime law goes into effect for the 2025 tax year, and I understand that the calculation is tax free for the x.5 of the x1.5 OT pay rate. In California, we also make double time, can you please explain how x2 ... read more

Hardshid deductions

Are there are hardship deductions? I was out of a job in 2025 dealing with a cancer diagnosis. I had to sell some of my 401k to get by. Are there any ways to reduce the tax rate due to the hardship?

Marriage and taxes question

hello, I recently got married back in November 2025. Should we file jointly or separated? It hasn’t been a year yet. How should my husband and I file?

Its Deductible

Is Turbo Tax going to replace Its Deductible with a similar product? Its Deductible is the reason why I started using Turbo Tax all those years ago.

Rental Property

I am new to having a rental property and want to know if there are exemptions that I could be maximizing that are outside of the typical HOA, mortgage taxes, repairs, etc.. Thank you!!

Will I have to fill out an additional IRS form to specify my overtime for 2025?

Hello, I was wondering if the tax law changes affect capital gains, specifically the sale of a primary residence? Thank you for the help?

College Tuition and Child credit

My son is 18 and in college. We are helping pay for his college tuition and other college-related expenses. 1. Can we still add him as a dependent?2. Can we deduct the college tuition and other college-related expenses on our tax return?

Charitable Contribution Section

This new section in turbo tax appears to be totally messed up. Requiring information not available or necessary for stock donations (like appraisal value and information). This entire section is totally messed up.

NRE and NRO accounts in India

NRE - This account will be subject to taxation and foreign disclosure if you are filing as a US tax residentQuestion: what form to use with TURBOTAX online and what currency to use for reporting i.e., convert into US $ and then report? NRO - This acc... read more

Tips Credit for Self-Employed`

I have a client who is self-employed as a hair dresser and receives tips. I would like to record the tips credit for her but under the "Qualified Tips Smart Worksheet for Schedule 1-A, Part II", none of the business information for net profit appears... read more

Retirement Savings Plan in Canada

Annual growth within your RRSP remains tax deferred in the USA, so no annual reporting will be required apart from any foreign disclosure reporting. Any distributions from the account will be taxable in the USA. Question: what forms to use with TURBO... read more