@Commodore_Guff wrote:
The bill passed the senate so it will signed into law
No - it goes back to the house.
If signed into law then the IRS must write the regulations and new tax forms before any tax software company can incorporate those new forms that do not exist yet.
The IRS typically takes 2-4 months to issue new regulations and forms.
There is no guarantee that it will be retroactive to 2020.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
