We added a “View Form” print icon to the Additional Deductions menu when any of the sub-menus have been completed. You can now only generate the Schedule 1-A when you want rather than sifting through the entire return PDF.
We added a “View Form” print icon to the Additional Deductions menu when any of the sub-menus have been completed. You can now only generate the Schedule 1-A when you want rather than sifting through the entire return PDF.
Click HERE to watch a high level overview of TaxSlayer Pro Online and how some of the main tax provisions of the One Big Beautiful Bill were incorporated into the software as of 2/16/26.
TOPICS COVERED
In TaxSlayer Pro Online, to report the new “No Tax on Tips” deduction, go to Federal Section > Deductions > Additional Deductions > No Tax on Tips and enter the qualified tips in the appropriate field(s). If Form 8995 is present on the return, the software will automatically reduce Form 8995, Line 11 (Taxable Income Before Qualified Business Income Deduction) by the appropriate amount.
Specific to the Qualified Business Income Deduction, the QBI of the business that received tips being claimed under the No Tax on Tips Deduction must be reduced by the amount of tips being claimed under this deduction. To reduce the QBI of the related business, visit Federal Section > Income > Schedule C > Add or Edit the appropriate Schedule C (or Schedule C’s) > Qualified Business Income Deduction > Enter the amount claimed under the No Tax on Tips Deduction in the Qualified Business Income Adjustment Amount field as a negative value. For additional information, please refer to the KB linked above.
The below message was issued to vendors from PA. In short, you will not see this credit, if eligible, anywhere in the software for 2025. PA is handling everything downstream after the return is filed.
“Below is an update regarding the New Working PA Tax Credit (PA-40):
As most of you already know, a new refundable tax credit was recently enacted in Pennsylvania effective for tax year 2025. Unfortunately, due to the timing of the legislation, we are not able to change the PA-40 forms and instructions for tax year 2025. Because we were not able to add a new line or use an existing line on the PA-40 form, the department will be automatically calculating the WPTC for taxpayers who file a PA-40 and have claimed the Federal EITC on their 1040 return.
The credit will be calculated at the time the return is processed and added to the existing Total Payments and Credits (Line 24) on the PA-40 return. The credit will not be added separately or calculated separately. Taxpayers who are receiving a refund will receive one refund from the state that includes the addition of the calculated credit. There will not be a delay in refund return processing due to us calculating and adding the WPTC for taxpayers who qualify for it.
Taxpayers who have a balance due, should submit their balance due payment as calculated at the time of filing and the department will refund any excess credit amount to the taxpayer after calculating the credit. If a taxpayer does not owe a balance and does not have a refund, a refund will be issued to the taxpayer after the calculation and addition of the credit by the department. All taxpayers who receive the new WPTC, will be issued a letter notifying them of the credit. The letter will be generated to the taxpayer at the time the PA-40 return is processed.
We understand that this change will add complexity for the upcoming tax year, and we do intend on updating the PA-40 form and instructions for tax year 2026 and after.
The 2025 OnDemand TaxSlayer Enhancement webinar for the 2026 Filing Season is now available. A direct link is available below and is also accessible under Section 6 in the Practice Lab.
The 2025 OnDemand Return Preparation Parts I & II webinars for the 2026 Filing Season are now available. A direct link is available below and is also accessible under Section 6 in the Practice Lab.
The 2025 Enhancement Webinar (2026 Filing Season) will also be OnDemand this year and available mid-December.
The 2025 Site Administration OnDemand webinar for the 2026 Filing Season is now available. The direct link is available below and also accessible under Section 6 in the Practice Lab.
Remaining OnDemand Webinars: The remaining OnDemand webinars (Return Preparation I & II) will be made available prior to Thanksgiving. Additional blog posts will be published with direct links when available. Under Section 6 of the Practice Lab, the 2024 versions are still available for viewing.
The 2025 Enhancement Webinar (2026 Filing Season) will also be OnDemand this year and available mid-December.
The 2025 Desktop/Contingency Software OnDemand webinar for the 2026 Filing Season is now available. The direct link is available below and also accessible under Section 6 in the Practice Lab.
Remaining OnDemand Webinars: The remaining OnDemand webinars (Site Administration & Return Preparation I & II) will be made available prior to Thanksgiving. Additional blog posts will be published with direct links when available. Under Section 6 of the Practice Lab, the 2024 versions are still available for viewing.
The 2025 Enhancement Webinar (2026 Filing Season) will also be OnDemand this year and available mid-December.