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Equus Tax Engine v.25.4.1 released 14 August 2025

Click for full PDF Release NotesUnited StatesIncome TaxMade the following changes as a result of H.R. 1 (the One Big Beautiful Bill Act), retroactively effective January 1, 2025: Increased the followi

Updated over 2 weeks ago

United States

Income Tax

Made the following changes as a result of H.R. 1 (the One Big Beautiful Bill Act), retroactively effective January 1, 2025:

  • Increased the following:

    • Standard deduction for all filing statuses. The deduction increased by USD 750 for single taxpayers.

    • Child tax credit by USD 200 to USD 2,200.

    • Maximum State And Local Tax (SALT) deduction by USD 30,000 to USD 40,000. The maximum is halved for married employees filing separately.

  • Added a phaseout to the SALT deduction. For single taxpayers with Adjusted Gross Income over USD 250,000, the maximum SALT deduction decreases by 30% of AGI in excess of the threshold, to a minimum of USD 10,000.

United States: Domestic Cost Estimates

Income Tax

  • Enhanced the display of domestic cost estimates to give greater detail into the calculation of home state taxes by showing the following:

    • Home and host state taxes available for credit.

    • Home state non-assignment taxes.

  • Updated the following states to ensure that local tax is not prorated for outbounds on domestic assignments when there is non-assignment income:

    • Delaware

    • New York

    • Ohio

  • Updated the following states to ensure no home state tax is output for nondomiciled employees on domestic assignments:

    • Arkansas

    • Colorado

    • Delaware

    • Iowa

    • Kansas

    • Maine

    • Minnesota

    • Montana

    • New York

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