TaxConstants Worksheet

Updated: 2020-07-22

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.