Version 1.15 for 1040 and versions 1.09 for 1120 & 990 are now available for TaxAct 2020 Professional Federal Editions. These updates include:

  • Increased field length for taxpayer and spouse driver’s license number on Basic Info Worksheet
  • Updated disaster distributions not subject to penalty calculation on Form 5329
  • Updated SE Tax Deferral Worksheet per revised Form 1040 instructions
  • Added new line to Charitable Contributions Worksheet for charitable contributions subject to 25% limitation
  • Updated Form 990-T, Schedule A, Other Deductions Worksheet for specific deductions
  • Added Schedule A, Form 990-T, Partnership/S Corporation Income (Loss) Worksheet
  • Added proxy tax calculation for Form 990-T
  • Other minor bugs and enhancements

You can also check for updates at any time by clicking the Online –> Check for Updates menu.