TaxAct 2012 Software Update | Software Update Info

Quick Links

TaxAct Federal Version 1.04 Updates (Released 3/06/2013)

For Standard, Deluxe, and Preparer's 1040

Schedule K-1 - A modification has been made to the calculation of the recapture of section 179 expenses

For Standard, Deluxe, and Preparer's 1040

Form 5329 - A modification has been made to the calculation of additional tax on education program distributions to account for negative earnings reported on Form 1099-Q
Form 8582 - A modification has been made to Passive Activity Loss Limitations, to the calculation of net income from a disposal of rental real estate property reported on Schedule E
Form 8839 - A modification has been made to the adoption credit calculation to account for certain nonrefundable credits when the adoption credit is limited by tax liability
A modification has been made to the calculation of a qualified charitable distribution (QCD) for Roth IRAs and Inherited Traditional IRAs
A modification has been made to the calculation of an HSA funding distribution (HFD) for Roth IRAs
A modification has been made to the Earned Income Credit (EIC) calculation to include spouse self-employment income less than $400 on returns where only the taxpayer is required to file Schedule SE

For Standard, Deluxe, and Preparer's 1040

Form 5074 - Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI)
Form 5884 - Work Opportunity Credit
Form 6478 - Alcohol and Cellulosic Biofuel Fuels Credit
Form 6765 - Credit for Increasing Research Activities
Form 8621 - Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
Form 8689 - Allocation of Individual Income Tax to the U.S. Virgin Islands
Form 8834 - Qualified Electric and Plug-In Electric Vehicle Credit
Form 8844 - Empowerment Zone Employment Credit
Form 8845 - Indian Employment Credit
Form 8864 - Biofuels and Renewable Diesel Fuels Credit
Form 8900 - Qualified Railroad Track Maintenance Credit
Form 8908 - Energy Efficient Home Credit
Form 8909 - Energy Efficient Appliance Credit
Form 8910 - Alternative Motor Vehicle Credit
Form 8911 - Alternative Fuel Vehicle Refueling Property Credit
Form 8912 - Credit to Holders of Tax Credit Bonds
Form 8936 - Qualified Plug-in Electric Drive Motor Vehicle Credit

Form 2210 - Underpayment of Estimated Tax by Individuals, a modification has been made to the calculation of the prior year tax amount to exclude the recapture of COBRA premium assistance
Form 4136 - Credit for Federal Tax Paid on Fuels, based on latest version
Form 8949 - Sales and Other Dispositions of Capital Assets, based on the final release of the instructions
Form 9465 - Installment Agreement Request, based on latest version
Schedule D - Capital Gains and Losses, based on the final release of the instructions

For Standard, Deluxe, and Preparer's 1040

Form 1045 - Application for Tentative Refund
Form 1116 - Foreign Tax Credit
Form 2210 - Underpayment of Estimated Tax by Individuals
Form 2210-F - Underpayment of Estimated Tax by Farmers and Fisherman
Form 3468 - Investment Credit
Form 5695 - Residential Energy Credits
Form 8396 - Mortgage Interest Credit
Form 8815 - Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989
Form 8859 - District of Columbia First-Time Homebuyer Credit
Form 8880 - Credit for Qualified Retirement Savings Contributions
Form 8917 - Tuition and Fees Deduction
Form 8958 - Allocation of Tax Amounts Between Certain Individuals in Community Property States
Form W-4 - Employee Withholding Allowance Certificate

Form 8606 - A modification has been made to the calculation of a qualified charitable distribution (QCD) with an IRA basis entry
Schedule 8812, Part I - Updated based on the final release of the instructions
Updated the Optional State and Certain Local Sales Tax Tables for Schedule A based on the latest data from the IRS
A modification has been made to the calculation of the child tax credit for Notary Public income