TurboTax, from Intuit Inc. (Nasdaq: INTU), has released a free, interactive Tax Reform Calculator and a free, easy to use Standard vs. Itemized Deduction Interactive Tool to educate taxpayers on how tax reform impacts them.
The Tax Reform Calculator educates taxpayers using aggregated, anonymized tax data to help them understand how tax reform impacts them based on situations similar to theirs. In just five screens, the Standard vs. Itemized Deduction Interactive Tool helps taxpayers easily understand whether they may need to claim the standard deduction or itemize deductions.
We want to help taxpayers easily understand how the new tax law changes may affect their personal or family financial situation before they file because the new tax code will affect everyone differently, said David Williams, Chief Tax Officer for Intuit TurboTax...
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