It looks like it's going to pass. What is the estimated timeframe for PRC to provide an update in these situations? Is it weeks or months?
Key individual tax changes from Trump's 'big beautiful' bill
Current law vs. final legislation (This table has one error, the ' Bonus' for older adults is $6,000, not $7,600.)
For Pralana Online, I expect most of the more significant changes to be made in July, perhaps in multiple releases. I have created a Community discussion topic for this that will apply to both PRC Gold and Pralana Online https://pralanaretirementcalculator.com/community/main-forum/2025-federal-tax-law-changes/ and will also add an announcement on the site.
Wisconsin passed it's new 2 year budget July 3rd which includes changes in tax rates and retirement income tax breaks that will also need to be updated in PRC:
https://taxfoundation.org/blog/wisconsin-budget-retirement-income-tax-relief/
I may be missing something but the current version of Pralana Gold doesn't appear to be calculating the sunset on SALT deductions properly. For MAGI over 600K, it reverts back to $10,000 and the projections I'm seeing still show it at 40K.
@bassettdg You're right, we missed that on the first go. It will be corrected in the 2026 model, due out in mid-January.
Stuart
