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Jim-K
New Member

Will turbo tax have updates for the 2017 special case extensions that were included in the latest budget bill on Feb 9?

In the latest budget bill that congress passed, there were extensions to some special case deductions, including tuition.  When will Turbo Tax have these updates?
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DoninGA
Level 15

Will turbo tax have updates for the 2017 special case extensions that were included in the latest budget bill on Feb 9?

Since the spending bill with the tax extenders has just been passed and signed into law, both the IRS and tax preparation software companies have to change various forms, schedules, worksheets and calculations to conform with the extenders in the bill.  It will be several weeks before anything is finalized at the IRS and with the TurboTax software which must also be approved by the IRS after they have completed their own system configurations.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-statement-on-retroactive-extender-provisions

See this TurboTax support FAQ for information - https://ttlc.intuit.com/questions/4241639-tax-relief-the-bipartisan-budget-act-of-2018

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1 Reply
DoninGA
Level 15

Will turbo tax have updates for the 2017 special case extensions that were included in the latest budget bill on Feb 9?

Since the spending bill with the tax extenders has just been passed and signed into law, both the IRS and tax preparation software companies have to change various forms, schedules, worksheets and calculations to conform with the extenders in the bill.  It will be several weeks before anything is finalized at the IRS and with the TurboTax software which must also be approved by the IRS after they have completed their own system configurations.

Go to this IRS website for information - https://www.irs.gov/newsroom/irs-statement-on-retroactive-extender-provisions

See this TurboTax support FAQ for information - https://ttlc.intuit.com/questions/4241639-tax-relief-the-bipartisan-budget-act-of-2018

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