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Deductions & credits
In the coming weeks and months after this legislation passes and is signed by the President the IRS will have to provide regulations, rules, calculations and procedure to codify the legislation. Once completed by the IRS then the TurboTax software incorporating these changes has to be approved by the IRS. After that happens the update will be available for the TurboTax editions.
March 9, 2021
1:57 PM