With the "Jobs and Tax Cut" bill now all but a law, we need to be able to calculate its impact on both our 2017 taxes and on our 2018 taxes. Plus, with the changed floor for the medical expense deduction, it will be necessary to change the actual calculation of the 2017 taxes. When do you anticipate having these changes in place? It would be really great if the 2016 planner could be updated in time to permit any last minute changes before the end of this year.
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Most of the changes in the tax bill will not effect your 2017 income taxes, which are due this upcoming April 2018, but the income you make in 2018 that are due in April 2019. If anything needs to be updated in TurboTax, we will do it as soon as we get the information from the IRS.
Most of the changes in the tax bill will not effect your 2017 income taxes, which are due this upcoming April 2018, but the income you make in 2018 that are due in April 2019. If anything needs to be updated in TurboTax, we will do it as soon as we get the information from the IRS.
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