Note: This is the early release for tax year 2025.

New and improved:

• We updated all 2025 tax forms and instructions with IRS changes.
• We updated all business rules and custom queries for 2025 form fields.
• We added all 2025 sample import files and Excel data shells.
• We updated all reports for 2025 tax form changes.
• We updated all help files for 2025.

Form changes:

• The Social Security Wage Base is $176,100 for Tax Year 2025
• For Tax Year 2025, the Social security tax withheld amount should not exceed $10,918.20 ($176,100 × 6.2%).
• The Tax Year 2024 Social Security and Medicare coverage threshold for Household wages is now $2,800 ($100 increase from 2024).
• The W-2 is one of the forms subject to the electronic filing threshold change that has been implemented beginning with tax year 2023.  As a result, if your business has an aggregate total of 10 or more W-2, 1099, 1042-S or 1095 forms you will now be required to file electronically.  See this article for all of the details on this change.