Will there be an update for 2024 TurboTax Deluxe with the new tax
regulations due to the New One Big Beautiful Tax Bill so that we can
properly calculate 2025 estimated Taxes? If so when might that update be
available? Thanks
@Hal_Al You've said taxable scholarships are a hybrid between earned
income and unearned income. My question concerns when they flip from one
to the other. My college student is applying for another taxable
scholarship, which could kick their total e...read more
My wife and I are retired and looking to maximize ACA health insurance
credits. She will have $11,000 of earned W2 wages for the 2025 tax year
(plus significant non-earned income). Can we take a deduction for
traditional IRA contributions of $8,000 f...read more
The 2024 Cedar Fair tax booklet states that if you have a passive loss
to not report the amounts of lines 1, 9c, 10 or 17 (codes A & B) from
the K-1 if you have not disposed of your units. It suggests to fill out
Form 8582 to keep track of suspended ...read more
