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[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
You may be eligible to use the new senior deduction to reduce your taxable income if you fall under the income threshold. You can read a good overview of everything here.
Some other items that may help you are the raising of the State and Local tax cap to $40,000 if you earn up to $500,000, deduction for auto loan interest for certain vehicles.
We have this Free Tax Reform Calculator that you can create a custom scenario in.
If you are using TurboTax Online, you can start your return for free, and then depending on the time of year you file and your items of income and expense, the pricing will vary.
Hope this helps!
Cindy
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