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?
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
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