Get your taxes done using TurboTax

@AHancock 

 

Yeah, it would be nice if TTX could have updated the software to include the changes made months ago...BUT they don't include the new tax rules in the software until a week or two AFTER the IRS updates their actual form 8911 for 2022....and the IRS still hasn't issued the official 2022 form 8911, nor it's instructions yet  (appears to be scheduled for December some time).   Thus, TTX may not have all that integrated until sometime around late Dec or the first of January.

 

Draft Tax Forms | Internal Revenue Service (irs.gov)

 

Same thing goes for any IRS forms needed that are also in Draft Form now (like form 5695 for home energy credits).  TTX doesn't update the software until the IRS releases the new form with any new tax rules...and instead continues to use last year's tax rules until those forms are out of Draft Mode.  Just the way it is....every year.

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Early releases of TTX software require MANY updates before they are anywhere near being accurate.  Late Jan-to-mid Feb at the earliest.   Folks who start prepping their actual entries before that date, for anything more than really simple income items, they get uselessly frustrated (Every Year !! without fail)   as a result, I myself am unlikely to bother getting/loading the software until sometime in January.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*