TaxTools 2025 Update History

Eric Updated by Eric

2025

08/08/25 Version 25.080

Updated: Tax Planner for OBBBA
Updated: MACRS for OBBBA
Updated: OBBBA deductions flow to states with rolling conformity

***NOTE:***

State laws are in flux as states adjust to various OBBBA provisions.

States are expected to make a variety of updates in response to OBBBA, which may affect how they conform in different areas.

As a result, some state-level outcomes could evolve as new legislation is enacted or conformity dates take effect.

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07/02/25 Version 25.061

Updated: Tax Planner, GA, support for new CTC and expanded DCC
Updated: Tax Planner, support for MD's new Budget Act
Updated: Tax Planner, OK decreases top tax rate and authorizes phaseout
Updated: Tax Planner, OR CTC limits updated
Updated: Tax Planner, SC reduces top marginal rate
Updated: Tax Planner, standard deduction for dependent for 2025
Updated: Tax Planner, ME high income standard deduction and personal exemption phaseouts for 2025
Fixed: Tax Planner, WV, widower exemption amount
Updated: Form 100-ES with new CA SOS format
Updated: Form 720 (6-25)
Updated: Form 1045 (2025)
Updated: Form 13844 (2-25)
Updated: Form 4506-T (2025)
Updated: Form 433-F (7-24)
Updated: Form DE 4P (1-25)

05/12/25 Version 25.051

Fixed: Retirement Income Withdrawal Planner was using outdated life expectancy table
Updated: Tax Planner, Montana tax rates and brackets and EIC amount for 2026 and beyond

05/05/25 Version 25.050

Added: Form 4180
Updated: Tax Planner 2025 federal rates updated with estimated tax tables
Updated: Tax Planner 2025 state rates/brackets for GA, ID, WV, AR, HI, CO
Added: Tax Planner, UT now has new under 6 Child Tax Credit
Updated: 433-A OIC, 433-B OIC, 656, 656 Prequalifier worksheet, CDTFA-392 to latest revisions
Fixed: Client Tax Organizer, displayed amount on Line 14 changed from 18000 to 19000

4/17/25 (v25.41.100)

Updated: 2025 withholding tables for UT, MA, NM, NE, WV
Updated: 2025 tax rates for UT, MS, CO
Updated: inflation to 2025 figures

04/02/25 Version 25.040

Updated: Montana withholding for 2025
Updated: Inflation rates for 2025
Updated: Inherited IRA module calculations when spouse is more than 10 years younger
Fixed: Colorado - standard/itemized deductions now phase out for high earners in CO

3/10/25 (v25.31.69)

Fixed: A bug in 3/5's v25.30.64 caused VA, DC, GA, OK, and IA standard deduction to not calculate
Added: Form 720 (rev 3-25)
Updated: tax rates from new Idaho 2025 legislation
Updated: tax rates for Hawaii for 2025

3/5/25 (v25.30.64)

Fixed: CO standard/itemized deduction for high-income earners was not phasing out correctly.
Updated: Auto Lease vs. Buy for 2025
Added: Form 5500-EZ for 2024

03/3/25 Version 25.021

Updated: 5500-EZ to the 2024 version.

02/23/25 Version 25.020

Updated: 1040-ES, 8454, 5558, 172, 8868 to latest revisions
Updated: CA 3522 and 3539 to latest revisions

01/31/25 Version 25.015

Updated: 1040-ES for 2025
Updated: Tax Planner for several states for 2025 rates

01/15/25 Version 25.014

Updated: KS tax rates and standard deduction for 2024 & later
Updated: Flowchart - EIC qualification for 2025
Updated: Client Tax Organizer - line 14 gift amount

01/06/25 Version 25.013

Updated: Forms DE 4, 1120-H, 843 to latest revisions
Updated: Modules State/Local Sales Tax Deduction and Student Loan Interest deduction to latest revs
Updated: Tax Planner for several states for 2025 rates

12/27/24 Version 25.011

Updated: Forms 8594, 4868, 4506, 1310, 911, W-4R

12/23/24 Version 25.010

Initial Release

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