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TaxConstants Worksheet

Updated: 2020-05-15

The TaxConstants worksheet allows you to incorporate tax changes resulting from financial budget updates without manually overriding calculations and fields. It is also a great planning tool!

For example, if the federal business deduction limit was reduced to $450,000:

  1. Enter the effective date and the new small business deduction limit in the TaxConstants worksheet. 
  2. TaxCycle automatically updates the tax calculations and forms across the return.

Small Business Limit on TaxConstants

 

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