Tax Planning TurboTax Life Events Calculator Helps Estimate Tax Savings Read the Article Open Share Drawer Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to print (Opens in new window) Print Written by TurboTaxLisa Published Jul 1, 2020 - [Updated Dec 3, 2024] 1 min read Whether you got married, had a baby, or purchased a home last year, your life events and moves you make can feel exciting, scary, emotional, and expensive all at once. Although life’s transitions may bring about some expenses, these life changes can also bring big tax breaks at tax-time. Don’t worry, no matter what time of year you face life’s transitions, TurboTax has you covered with tools, resources, and tax experts to help you understand how your life events and moves you make impact your taxes. Check out our Life Events Calculator, which helps you understand how life changes impact your taxes and gives you an estimate of how much your 2024 life changes can save you on your 2024 taxes. *Note: Our Life Events Interactive Calculator is for estimation purposes only based on your entries and doesn’t cover all possible deductions, credits or life events. $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 You know your small business—we know business taxes. Our self-employed and business tax experts will ensure you get every tax break with 100% accuracy, guaranteed. Start for free 100% free to start. Pay only when you file. Previous Post Virtual Wedding? Deduct Your Wedding Dress on Your Taxes! Next Post TurboTax Launches the TurboTax Unemployment Center Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. Comments are closed. Browse Related Articles Tax Help How to File a Business Tax Extension: Deadlines, Forms, and Penalties Tax Tips The White Lotus Tax Lessons: Navigating Gift Taxes, Lump Sum Payouts, Hush Money, and the IRS Tax Questions What Day Are Taxes Due? April 15! How to File for a Tax Extension or Pay Taxes Online Tax Questions What Happens If You File Your Taxes Wrong? Late Filing Penalties, Interest, and More Tax Questions What’s Tax Deductible? A Guide to Mortgage Interest, Long-Term Care, Funeral Expenses, Student Loans, and Roth IRA Contributions Tax Questions Is it Better to Get Your Taxes Done or Do Them Yourself? (And Other Tax Questions Answered) Tax Forms What is a 1099-K Form? How to Report Payments on Your Tax Return (2024) Tax Forms What is a 1099 Form? A Guide to Understanding Your Tax Obligations Income Tax by State Wisconsin State Income Tax in 2025: A Guide Income Tax by State West Virginia State Income Tax in 2025: A Guide