TurboTax: Your Comprehensive Guide to Navigating the Latest Tax Laws

Navigating the complexities of tax laws can be a daunting task, especially with the recent changes implemented by the Tax Cuts & Jobs Act of 2017. To ensure you’re up-to-date on the latest tax laws and maximizing your refund, it’s crucial to choose a tax preparation solution that stays abreast of these changes. TurboTax, the leading tax preparation software, is committed to providing users with the most accurate and up-to-date tax information.

TurboTax: Your Trusted Source for Tax Law Updates

TurboTax is renowned for its commitment to staying current with the latest tax laws and regulations. Their team of tax experts diligently monitors changes throughout the year, ensuring that the software is updated to reflect the most recent tax codes. This means you can trust TurboTax to provide you with the most accurate and up-to-date tax calculations, maximizing your refund and minimizing your tax liability.

Expert-Backed Support for Your Tax Preparation

In addition to providing the latest tax law updates, TurboTax offers a range of expert-backed support options to guide you through the tax preparation process. Whether you prefer to have an expert handle your taxes from start to finish or simply want guidance along the way, TurboTax has a solution that meets your needs.

TurboTax Live: Expert Help at Your Fingertips

TurboTax Live connects you with a dedicated tax expert who will guide you through the tax preparation process, ensuring accuracy and maximizing your refund. These experts are available to answer your questions, provide personalized advice, and even review your return before you file.

TurboTax Full Service: The Ultimate Hands-Off Tax Preparation

For those who want a completely hands-off tax preparation experience, TurboTax Full Service is the perfect solution. A dedicated tax expert will handle every aspect of your tax preparation, from gathering your documents to filing your return. You can rest assured that your taxes are being handled by a professional, ensuring accuracy and maximizing your refund.

Key Tax Law Changes Reflected in TurboTax

The Tax Cuts & Jobs Act of 2017 brought about significant changes to the tax code, including:

  • Lowered Tax Rates: The tax brackets have been revised, resulting in lower tax rates for most taxpayers.
  • Increased Standard Deduction: The standard deduction has been significantly increased, reducing taxable income for many individuals.
  • Elimination of Personal Exemptions: Personal and dependent exemptions have been eliminated, further reducing deductions for many taxpayers.
  • Modified Child Tax Credit: The Child Tax Credit has been increased and made refundable for more families.
  • Changes to Itemized Deductions: The deduction for state and local taxes (SALT) has been capped, and the mortgage interest deduction has been limited.

TurboTax has meticulously incorporated these changes into its software, ensuring that your tax calculations are accurate and reflect the latest tax laws.

TurboTax is the comprehensive tax preparation solution you need to navigate the complexities of the latest tax laws. With its commitment to staying up-to-date, expert-backed support, and user-friendly interface, TurboTax empowers you to maximize your refund and minimize your tax liability. Whether you choose TurboTax Live for expert guidance or TurboTax Full Service for a completely hands-off experience, you can trust TurboTax to provide you with the most accurate and up-to-date tax preparation experience.

New Tax Laws in 2024 Explained (WATCH BEFORE FILING)


What is going on with TurboTax?

The Federal Trade Commission has issued an Opinion and Final Order that Intuit Inc., the maker of the popular TurboTax tax filing software, engaged in deceptive advertising in violation of the FTC Act and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.

What are the new tax changes for 2024?

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; and for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023.

Is TurboTax accurate this year?

Either way, TurboTax calculations are 100% accurate, guaranteed. By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement. Pay $0 federal, $0 state with TurboTax Free Edition.

Will I get a bigger tax refund in 2024?

Tax refunds for some taxpayers may be bigger in 2024 thanks to the inflation adjustments the Internal Revenue Service made to tax brackets implemented in 2023, along with increased standard deductions. Each year, the IRS adjusts income tax brackets according to a formula set by Congress to account for inflation.

Do I need to buy a new TurboTax program every year?

Because there isn’t a way to update your prior-year tax software to handle new tax laws, you’ll need to buy TurboTax 2023 if you want to use TurboTax to prepare this year’s taxes.

Do I need a new TurboTax account every year?

Answer: No. Tax laws change every year, and TurboTax continually keeps up with the changes. That’s why you need to purchase a new one every year. Your personal information and tax data are automatically carried forward, so doing your taxes becomes easier with each additional year.

When is TurboTax live business coming back?

After a successful launch in tax year 2022, TurboTax Live Business is back. Also launching November 30, 2023, business entities that are partnerships (1065), S-Corps (1120-S) and multi-member LLCs will be matched with tax experts experienced in their tax situation.

Does TurboTax have your back?

Rest assured, TurboTax has your back. Explore new tools and information to better understand how the new laws could affect you. Plus, if you ever want to talk to an expert, we have tax experts on demand to answer your questions. We understand that tax reform may be a lot to take in.

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