ARLINGTON, Va., Jan. 6, 2016 /PRNewswire/ -- Bloomberg BNA announced today that BNA Income Tax Planner (version 2015.3) software has been updated to support the recently approved Protecting Americans from Tax Hikes (PATH) Act of 2015. This Act extends or makes permanent the individual tax breaks that have been considered temporary, but that Congress repeatedly renews.
Many changes and extensions of the PATH Act of 2015 have been incorporated into the new version of BNA Income Tax Planner. They range from the permanency of the Child Tax Credit, the American Opportunity Tax Credit, and the Earned Income Tax Credit to the contribution of capital gain property for conservation purposes and the deduction for state and local general sales taxes. The support also extends to the deduction of mortgage insurance premiums and qualified tuition and related expenses retroactively through 2016.
"The latest version of our income tax planning software enables tax and accounting professionals to provide seamless services that reflect the new law's changes and extensions," said Ken Crutchfield, Vice President of Bloomberg BNA's software products. "We have monitored the progress of the legislation from the initial discussions to the President's signature to ensure our clients have highly accurate planning software in a timely manner. BNA Income Tax Planner has been updated, tested, and is ready for immediate access."
As a leading name in income tax planning, BNA Income Tax Planner has won numerous awards and accolades, most recently receiving a five-star rating from The CPA Technology Advisor. Tax, legal, and financial planning professionals across the country rely on BNA Income Tax Planner to efficiently model complex tax scenarios, eliminate surprises, and offer exceptional income tax planning and projections. For complete details about BNA Income Tax Planner, go to http://www.bnasoftware.com/solutions/individual-tax-planning/.
About Bloomberg BNA's Software Products
Bloomberg BNA offers expert software products for tax and accounting professionals. We are the solution for professional firms and corporations of every size, who depend upon Bloomberg BNA's software products for the highest degree of tax, regulatory, and compliance expertise. To learn more visit www.bnasoftware.com
About Bloomberg BNA
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans a full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety. To learn more visit www.bna.com.
SOURCE Bloomberg BNA