July 11, 2021

Improved

  • The Child Tax Credit has been updated based on the American Rescue Plan Act of 2021 (ARPA), including
    • Fully refundable
    • Credit amount changed to 3,000 (3,600 for child under 6)
    • Max age of child is 18
  • The Earned Income Tax Credit (EITC) has been updated based on ARPA, including
    • Increase amounts and thresholds with no kids
    • Increase of investment income limit
  • Semi-annual update to default inflation and nominal interest rates

Fixed

  • When creating a new profile from a maximized alternative profile, retirement accounts that had been modified from the Base profile would be duplicated. This has been fixed.
  • Autocomplete of category names in Progress Tracker was inadvertently broken in our last release, the problem has been corrected.