State Taxes in Holistiplan

State tax modeling in Scenario Analysis is now live!

Holistiplan State Tax has moved out of beta and into a paid feature. State tax estimates will work as they have before within Scenario Analysis, but will move into an incremental paid subscription at a cost of $299 per year, per firm. For a how-to walkthrough of the State Tax feature, check out the video linked here. 

What can the system do with state taxes?

Holistiplan has always provided state tax hints on Tax Reports to help you identify state-specific tax items. You can enable those state tax hints by making sure a state is selected in the client household.


With the new state tax modeling feature, you can go beyond state tax hints and model not only federal tax projections in Scenario Analysis, but state tax projections as well. We've officially added calculation support for state taxes in the Scenario Analysis screen. This will allow advisors to model how a given income event will impact their clients at the federal and state levels.

How do I enroll in the state tax modeling feature?

A Firm Admin for your firm's Holistiplan account will be able to go to the link in the Scenario Analysis state tax section or to the Firm Admin subscription page, where they will be able to add the feature for all users in your firm.

How does it work?

After enabling the state taxes feature,  you'll find a new section in Scenario Analysis right above the MAGI section, as shown below:

Please note, in the System Generated Scenario Analysis for the uploaded return, you will not actually see any of the State Tax information. This is due to the fact that we do not actually read in state tax returns. Therefore, save yourself an upload error by not uploading the state return for the client. As a reminder, you can find all currently supported Federal Forms and Schedules that our OCR software can read-in at this link.

Once you have enabled the State Tax feature add-on, and in order to begin using the State Tax feature within Scenario Analysis, you will want to either create a new blank scenario or, more commonly, copy over a scenario. See below: 

On the screenshot shown above, you'll notice circled in Orange is the option to choose the State you will want to model for the client and the purple arrow indicates you will need to select "Add State Scenario" in order to see that selected state tax estimates within the respective scenario, as shown below: 

You may notice that there are certain manual adjustments you may need to make within the State Tax section to account for state specific tax law that cannot be automatically calculated for at this time due to the specifics of the calculation. That said, you might find it helpful to check out the State Tax Modeling Informational Page. This will provide a listing of all the States and their specific input options. You can find that page by clicking on the words "Open State Tax Modeling informational page" as shown below: 

We've also added state withholding which you'll see at the very bottom of the page. Like Federal withholding, state withholding will be greyed out for the scenario with the read-in return, however, in your newly created scenario or copied over scenario, you should be able to add those specifics, if interested. See below: 

What about the states remaining in beta?