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Get your taxes done using TurboTax
I don't think you're going to see much implementation of the 25 new tax laws in the 24 program - what if section for 25, other than known changes like the old standard deduction. most of the change affect tax credits and itemized deductions /standard deduction which have no effect on MGI. the items affecting magi the the tip deduction - will that affect MAGI or just taxable income. the same with overtime . there will be a charitable deduction for non-itemizers and bonus depreciation will be 100% subject to certain restrictions Before these changes can be implemented for Turbotax 2025, IRS has to write the regulations of how these changes are to be implemented/work.
yesterday