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Is there any indication when the Tax Planner tool will be updated to incorporate all of the changes stemming from OBBB, including SALT caps, major changes to the energy efficient/electric vehicle credits, the Premium Tax Credit, to name a few. There are serious gaps between the tax planner tool/report and what tax planning should point out to clients as far as strategizing/planning. Does anyone know what we should be expecting and when?
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No.
https://accountants.intuit.com/community/intuit-tax-advisor/discussion/obbba/00/332693
The more I know the more I don’t know.
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We have a webinar coming up August 28 that will address the OBBB changes. However, you can see more information about implementation here: https://accountants.intuit.com/taxprocenter/tax-law-and-news/one-big-beautiful-bill-summary-and-tax-....
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"A few uncommon provisions are retroactive to tax year 2024, and our ProTax offerings (Intuit® ProConnect™ Tax, Lacerte® Tax, and ProSeries® Tax) will be up to date with those when it’s time for filing."
Isn't it time to file 2024 returns now?
The more I know the more I don’t know.
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Apparently today. https://accountants.intuit.com/community/proconnect-tax-news-updates/discussion/applying-the-one-big...
The more I know the more I don’t know.
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You beat me to it 🙂 There were updates released into the software program today for 2024 returns and 2025 estimates.