[Event] Ask the Experts: Tax Law Changes

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

Join us on Wednesday, August 6th any time between 9:00 am and 5:00 pm Pacific Time for our latest installment of our Ask the Experts event series. Get ready to file your taxes with the knowledge you need. We’re here to answer and clarify all of your ... read more

when will turbo ttax update the 2025 Estimated Tax to include the $46,700 sr deduct that is available to Seniors over 65 filing married filing j jjointly

RMD Related Questions

Hi... Q1: RMDs should be reported on Line 4a IRA distribution, correct?Q2: At what age we are required to take RMDs when there are Traditional IRA balances?Q3: RMD calculations - I remember IRS published a table by age and % to calculate RMD amounts.... read more

Adjustment(s) Amending Tax returns

Greetings, When Amending Tax returns, how do I know if any previous year(s) have any bearing on the proceeding year(s)? Example: If I Amend 2021,2022,2023 & 2024 tax years, do I have to adjust the Amounts on the previous year(s) to make the following... read more

Formula

What IS the “complicated formula Social security uses to determine how much of your social security income is taxable? Or WHERE can I find this “complicated formula”?

Enhanced Deductions for Seniors

Good evening, My husband and I are 70 and 79 this year. In response to the Big Beautiful Bill that was passed, what deductions should we look for when filing our 2025 taxes with Intuit Turbo tax? Should we purchase the Intuit program again this year ... read more

Income

Does compensation from an insurance company after an auto accident count as income?

2025 taxes on lsocial security

Does the amount of income, allowed/used, change used to caliulate if you going to be taxed on on ones socila security?

Tax on OT

What is the difference of filling jointly or single with the following scenario;One works 80 plus hours a weekOn payroll - makes 160k/year The other owns a business and makes 75k/year Which is the best way to file; married or single for the tax on OT... read more

multi-year tax strategy and planning for transition to retirement, including IRMAA cliff thresholds, potential Roth ITA conversion amounts for individual tax situations, etc

Does Turbotax support multi-year tax strategy and planning for transition to retirement, including IRMAA cliff thresholds, potential Roth ITA conversion amounts for individual tax situations, etc... does Turbotax have on-line (or downloadable) tax pl... read more

Tax on OT - filing

What is the difference of filling married-jointly or married-seperatley with the following scenario; One works 80 plus hours a week. On payroll - makes 160k/year. The other owns a business and makes 75k/year. Which is the best way to file; married - ... read more

6000 dolar contribution for seniors.

I seem to find conflicting information on who is eligible for the 6.000 dolar deduction, I am single, my income this year including SS would be around $60.000 dolars. Am I eligible or not?

2025 taxes

Hello,we filed jointly: my husband is self employed and he turned 65 in May this year and still planning to continue working. What are the breaks and new changes that we can take advantage with the big beautiful bill. I work full time and report w2. ... read more

Mega backdoor Roth in plan conversion

Hi, I have some pretax dollars in ROLLOVER IRA (that are invested in ETFs)But I would also like to maximize my backdoor Roth option. To do this, I have post tax dollars deposited in my 401k that are then converted to Roth dollars by doing an in plan ... read more

Standard Deduction 2025

We are over 65 and file jointly.In 2024 our standard deduction was $32,300 ($29,200 + $3,100).For 2025, will we get the standard deduction (30,000 or 31,200 or 31,500) plus the $3,200 plus the $12,000??thanks