Version 1.07 for 1040 is now available for TaxAct 2020 Professional Federal Editions. These updates include:
- Updated penalty rate calculation on Form 2210-F
- Updated retirement income calculation due to Form 8915-E changes
- Updated Form 1042-S withholding calculation on Form 1040-NR
- Other minor bugs and enhancements.
You may also want to ensure the “If already connected to the internet, automatically check for updates on program startup” checkbox is checked in the Tools –> Options menu. You can also check for updates at any time by clicking the Online –> Check for Updates menu.