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TaxAct 2014 Software Update Information

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TaxAct Federal Version 1.07 Updates (Released 4/06/2015)

For Free Edition, Deluxe, and Preparer's 1040

Form Updates:
  • A modification has been made to the monthly contribution amount for the alternative calculation for year of marriage on Form 8962.

TaxAct Federal Version 1.06 Updates (Released 3/25/2015)

For Free Edition, Deluxe, and Preparer's 1040

Form Updates:
  • A modification has been made to the foreign earned income tax calculation for itemized deductions or exclusions.
  • A modification has been made to the monthly contribution amount for the alternative calculation for year of marriage on Form 8962.
  • A modification has been made to the gross income calculation on Form 1099-K.

TaxAct Federal Version 1.05 Updates (Released 3/10/2015)

For Free Edition, Deluxe, and Preparer's 1040

Form Updates:
  • Added Final Release of Publication 974 – Premium Tax Credit
  • Added Final Release of Publication 505 – Tax Withholding and Estimated Tax

TaxAct Federal Version 1.04 Updates (Released 2/24/2015)

For Free Edition, Deluxe, and Preparer's 1040

Form Updates:
  • A modification has been made to the premium tax credit adjustment for purposes of calculating the self-employed health insurance deduction.
  • A modification has been made to the business earned income calculation used for Form 2441 when using the simplified business use of home deduction on Form 8829.

TaxAct Federal Version 1.03 Updates (Released 2/12/2015)

For Free Edition, Deluxe, and Preparer's 1040

Form Releases:
  • Form 8815 – Exclusion of Interest From Series EE & I U.S. Savings Bonds Issued After 1989
Form Updates:
  • A modification has been made to line 11 of Form 8801 for the calculation of tax on prior year AMT taxable income.

TaxAct Federal Version 1.02 Updates (Released 1/28/2015)

For Free Edition, Deluxe, and Preparer's 1040

Form Releases:
  • Form 1040-ES – 2015 Estimated Tax Worksheet
  • Form 1040-ES(NR) – 2015 U.S. Estimated Tax for Nonresident Alien Individuals
  • Form 3468 – Investment Credit
  • Form 5884 – Work Opportunity Credit
  • Form 8379 – Injured Spouse Allocation
  • Form 8844 – Empowerment Zone and Renewal Community Employment Credit
  • Form 8845 – Indian Employment Credit
  • Form 8859 – Carryforward of the District of Columbia First-Time Homebuyer Credit
  • Form 8917 – Tuition and Fees Deduction
Form Updates:
  • A modification has been made to shut off the premium tax credit calculation on Form 8962 when the taxpayer is a dependent on another person's income tax return.

For Preparer's 1040 Only

Form Updates:
  • Added the option to print using the print center during the electronic filing steps.

TaxAct Federal Version 1.01 Updates (Released 1/22/2015)

For Free Edition, Deluxe, and Preparer's 1040

Form Releases:
  • Form 1040NR - U.S. Nonresident Alien Income Tax Return
  • Form 1040NR-EZ - U.S. Income Tax Return for Certain Nonresident Aliens With No Dependents
  • Form 1040-SS - U.S. Self-Employment Tax Return
  • Form 1040-X - Amended U.S. Individual Income Tax Return
  • Form 1045 - Application for Tentative Refund
  • Form 1116 - Foreign Tax Credit
  • Form 1116-AMT - AMT Foreign Tax Credit
  • Form 4136 - Credit for Federal Tax Paid on Fuels
  • Form 4562 - Depreciation and Amortization
  • Form 5329 - Additional Taxes on Qualified Plans
  • Form 5695 - Residential Energy Credits
  • Form 6478 - Biofuel Producer Credit
  • Form 6765 - Credit for Increasing Research Activities
  • Form 8582 - Passive Activity Loss Limitations
  • Form 8606 - Nondeductible IRAs
  • Form 8689 - Allocation of Individual Income Tax to the U.S. Virgin Islands
  • Form 8835 - Renewable Electricity; Refined Coal; and Indian Coal Production Credit
  • Form 8864 - Biodiesel 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 8911 - Alternative Fuel Vehicle Refueling Property Credit
  • Form 8919 - Uncollected Social Security and Medicare Tax on Wages
  • Schedule A Instructions - Itemized Deductions

TaxAct Federal Version 1.02 Updates (Released 3/5/2015)

For Preparer's 1041

Update:
  • Added the option to print using the print center during the electronic filing steps.

For Consumer and Preparer's 1041

Form Releases:
  • Form 3468 – Investment Credit
  • Form 5884 – Work Opportunity Credit
  • Form 8844 – Empowerment Zone and Renewal Community Employment Credit
  • Form 8845 – Indian Employment Credit
Form Updates:
  • A modification has been made to the allocation of capital losses when the estate or trust is not in the final year.
  • A modification has been made to the modified adjusted gross income calculation on Form 8582-CR.