On December 21, 2022, Holistiplan updated a number of audit checks in Scenario Anlaysis. This article outlines all of those changes for our super detail-oriented users.
New audits are now available for both Wisconsin and Minnesota State TaxChanges to audit behavior at the federal level
Educator Expense
- Audit removed, replaced with instruction with max value
Student Loan Interest Deduction
- Audit removed when MFS, replaced with instruction that the deduction is unavailable for that filing status
- Sub-Element of Calculated Value no longer displays when MFS, or when the IncomeTax field ‘student_loan_interest_deduction’ is empty
Tuition and Fees Deduction
- Row no longer displays when year >= 2021
- Audit removed when MFS, replaced with instruction that the deduction is unavailable for that filing status
- Sub-Element of Calculated Value no longer displays when MFS, or when the IncomeTax field ‘tuition_and_feesi’ is empty
Nonrefundable Dependent Care Tax Credit
- Row no longer displays when year == 2021 or when year>= 2021 and using the ‘proposed’ calculation
- Audit removed when MFS and ‘married_separate_living_together’, replaced with instruction
- Sub-Element of Calculated Value no longer displays when MFS and ‘married_separate_living_together’, or when the IncomeTax field dependent_care_expenses’ is empty
- Audit and sub-element of calculated value hidden for read-only scenarios
American Opportunity Credit
- Make the credit limit worksheet in line 19 a nested audit
- Audit removed when MFS, replaced with instruction that the deduction is unavailable for that filing status
Premium Tax Credit
- Audit removed when MFS, replaced with instruction that the deduction is unavailable for that filing status
Self Employment Tax
- Income specified for either tax payer for se_income or church_employee_income
- If one or the other has one of these values, the SE audit will show up for just that taxpayer (specifying which in the title)
- If both taxpayers have one of the values, the individual taxpayer audits will show up nested, the base audit will show the SE tax for each, and the total
- If se_income or church_employee_income is not specified for either taxpayer, the ‘generic’ version will be used in a single audit
- The audit will no longer show in read-only scenarios
Earned Income Audit
- If the ‘info’ key is provided to the audit, an instruction popover will appear in place of the audit, with the text provided to ‘info’
- worksheet A and worksheet B have been given their own audits, which will appear when appropriate.
Refundable Dependent Care Tax Credit
- Row no longer displays when year <= 2021 or when using the ‘proposed’ calculation
- Audit removed when MFS and ‘married_separate_living_together’, replaced with instruction
- Sub-Element of Calculated Value no longer displays when MFS and ‘married_separate_living_together’
Recovery Rebate 2021
- Apply formatting to audit values
- Fix element: it now displays the recovery rebate (was omitted and always showed 0)
- Audit removed when the eligibility box is unchecked, replaced with instruction