Applying the One Big Beautiful Bill changes to Lacerte Tax Planner

In Lacerte Tax Planner 2025

State and Local Tax Deductions

The overall limit on the deduction for state and local income, sales and property taxes has increased to $40,000 ($20,000 if MFS) and is reduced by your modified adjusted gross income if more then $500,000 ($250,000 if MFS) but will not reduce below $10,000 ($5,000 if MFS). Review the Schedule A line 5e to see the results.

1. Go to the Deductions/Exemptions tab.
2. Select Deductions then Itemized Deduction Input.
3. Select State and Local Sales Tax.
4. Enter the applicable sales tax information.

Entering No Tax on Tips

1. Go to the Deductions/Exemptions tab.
2. Select Deductions.
3. Under Additional Deductions enter the applicable amount on the No Tax on Tips line.

Entering No Tax on Overtime

1. Go to the Deductions/Exemptions tab.
2. Select Deductions.
3. Under Additional Deductions enter the applicable amount on the No Tax on Overtime line.

Entering No Tax on Car Loan Interest

1. Go to the Deductions/Exemptions tab.
2. Select Deductions.
3. Under Additional Deductions enter the applicable amount on the No Tax on Car Loan Interest line.

Entering the Enhanced Deduction for Seniors

1. Go to the Deductions/Exemptions tab.
2. Select Deductions.
3. Under Additional Deductions enter the applicable amount on the Enhanced Deduction for Seniors line.

In Lacerte Tax Planner 2024

State and Local Tax Deductions

The overall limit on the deduction for state and local income, sales and property taxes has increased to $40,000 ($20,000 if MFS) and is reduced by your modified adjusted gross income if more then $500,000 ($250,000 if MFS) but will not reduce below $10,000 ($5,000 if MFS). Review the Schedule A line 5e to see the results.

1. Go to the Deductions/Exemptions tab.
2. Select Deductions then Itemized Deduction Input.
3. Select State and Local Sales Tax.
4. Enter the applicable sales tax information.

Entering No Tax on Car Loan Interest, No Tax on Tips, No Tax on Overtime and No Tax on Car Loan Interest

1. Go to the Deductions/Exemptions tab.
2. Select Deductions.
3. Under Deductions enter the applicable amount on the Other Deductions line.

Entering the Enhanced Deduction for Seniors

1. Go to the Deductions/Exemptions tab.
2. Select Deductions.
3. Under Deductions enter the applicable amount on the Senior Deductions line.