@DeanLefebvre1 wrote:
Once the tax law is changed which should be immediately after the President signs the bill will TURBOTAX offer the exemption to US taxpayers who will file by April 15, 2022?
I would hope so!
After the legislation has passed Congress and after the President has signed the legislation and after the IRS has written the rules, regulations and procedures. And after the IRS has changed any forms or schedules to accept the tax code changes. And after the IRS has approved the changes in the TurboTax program that apply to the tax code changes, then it will be available for the users of the tax preparation software.
This can take anywhere from several weeks to several months before it becomes available.
