How Changes To Tax Laws Will Affect Your Tax Return This Year
Presented by TurboTax Live…
In late 2017, Congress passed the most sweeping changes to the tax code in the past 30 years. The bill went into effect on January 1, 2018, which means that it will affect the taxes of most taxpayers for the 2018 tax year.
The new laws and amendments created a document of well over 1,000 pages.
Thankfully, you took that long weekend in July and read every single page in preparation for this tax season.
Wait, you didn’t?!? You didn’t read a single line? Did you even know new tax laws were passed?
Not to worry, you’re not alone in being mostly unaware.
Who Is Affected By The New Tax Laws?
These changes specifically affect people who:
- fall into a specific tax bracket
- people who own a home
- married couples and people with a family
- anyone who invests their money
- full time students
Essentially, the new laws affect everyone!
Every single TurboTax Live tax expert is a CPA, enrolled agent or tax attorney with an average of 15 years of experience. This guarantees authentic and expert advice from people who live, sleep and breath taxes.
In other words, these are the people who actually did sit down and read over those tax changes word-for-word.
In addition to changing the tax brackets themselves, the new law doubles the standard deduction amount.
How Can TurboTax Help With The New Tax Laws?
Whether it’s a personal or business-related query, tax experts at TurboTax Live are standing by to answer any and all common tax questions.
With the simple click of the “Expert Help” button, TurboTax Live connects you with a credentialed tax pro ready to answer specific questions on demand, right on your screen, whether you’re filing from a smartphone, tablet or computer. You can reach out from the comfort of your living room, at the office, while killing time stuck in an airport or even on a treadmill at the gym.
If you have more questions while doing your taxes, you can connect live via one-way video to a TurboTax Live CPA or Enrolled Agent to get your tax questions answered and get unlimited advice. They can even review your return line-by-line to give you 100% confidence.
TurboTax even gives users the ability to seamlessly start, stop and continue their taxes across devices. Move from device to device and pick up right where you left off. TurboTax Live offers a screen sharing function that allows experts to walk a customer through the advice and display relevant information and answers.
Best of all, TurboTax Live comes with a maximum refund guarantee. Their tax experts will help find as many deductions as possible, so taxpayers always get the refund they deserve.
You don’t have to know all of the new tax laws and reforms word-for-word. You just need to know the changes that affect you and your refund the most.