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Two Year Comparison for 2025 - MAGI/Additional Deductions Should Be Shown

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Two Year Comparison for 2025 - MAGI/Additional Deductions Should Be Shown

Jamesh

The new Schedule 1-A items do not flow over to the 2 year comparison--- absent from the "Two-Year Comp" in the forms in use pane as well as the standard diagnostics/analysis that print with the return.

I believe it would be beneficial to have modified adjustments to income displayed as well as the: "qualified tips deduction", "qualified overtime compensation deduction", "qualified passenger vehicle loan interest deduction", and the "enhanced deduction for seniors" listed on the 2 year comps and the tax analysis. It should be done in a manner similar to how the itemized deductions are displayed.

Many clients will be looking for these new deductions when reviewing their 2025 tax results. 

 

Status: New
Vote now if this is a good idea
1 Comment
abctax55
Level 15

I highly suspect that *when* the program is ready for prime time, that info will be there.   So perhaps mid-January????

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