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Quickfinder Updates

The Updates page provides information supplementing that in the Quickfinder Handbooks. Updates are arranged by publication, or by development type for broader developments that may impact multiple publications (such as tax legislation or late-breaking developments impacting 2021 returns). We invite you to visit this page regularly to view the most recent updates. For continued coverage of tax developments throughout the year, we recommend the Quickfinder Tax Tips Newsletter.

1040 Quickfinder Handbook (2021 Tax Year)

  • [1/24/22] 2022 Form 1040 Quick Tax Method
    • Click here for the 2022 Form 1040 Quick Tax Method. At the time of publication, the IRS had not released the 2022 individual income tax brackets.
  • [1/24/22] 2021 Schedule 8812 and Instructions (Page 3-5)
    • The IRS has released Schedule 8812 (Form 1040) and its Instructions, which contain worksheets for computing the Credit for Qualifying Children and Other Dependents. Click here for Schedule 8812 and click here for the Instructions.
  • [1/24/22] 2021 State and Local Sales Tax Deduction (Page 3-17)
    • The IRS has released the state and local sales tax deduction worksheet and the accompanying tables for computing the deduction, which were not available at the time of publication. For the worksheet and tables, Click here.
  • [1/25/22] Post-publication Developments — Handbook Supplement
    • Developments that impact material in the 1040 Quickfinder Handbook and the preparation of 2021 individual income tax returns have occurred since the handbook was printed. Therefore, a packet containing “marked-up” redline changes to the affected pages in your handbook is available. Click here for the packet.

      Binder/loose-leaf handbook owners: If you purchased the 3-ring binder/loose-leaf version of the handbook and have access to a duplex (two-sided) printer, click here for the replacement pages for your handbook.

All States Quickfinder Handbook (2021 Tax Year)

  • Alabama
    • Alabama passed legislation allowing certain credits with special federal provisions for 2021 to be computed under the provisions of the Internal Revenue Code as in effect on December 31, 2020. These credits will need to be recomputed using 2020 forms using 2021 data. Alabama has accordingly made revisions to the Federal Income Tax Deduction Worksheet. Click here.
  • Massachusetts
    • Massachusetts issued revised instructions for Schedule Y, line 9a. Click here.
  • Ohio
    • Ohio has passed legislation to advance the date of federal conformity to February 17, 2022. Click here.
  • Virginia
    • Virginia has passed legislation to advance the date of federal conformity to February 17, 2022. Click here.

Depreciation Quickfinder Handbook (2021 Tax Year)

  • Updates coming soon…

Health Care Reform Quickfinder Handbook (2022 Edition)

    • [1/25/22] New IRS guidance and inflation-adjusted amounts were released after the publication of the Handbook. A packet containing redline changes to the affected pages in your handbook has been made available here.

Individuals—Special Tax Situations Quickfinder Handbook (2021 Tax Year)

  • Updates coming soon…

Premium Quickfinder Handbook (2021 Tax Year)

  • [1/24/22] 2022 Form 1040 Quick Tax Method
    • Click here for the 2022 Form 1040 Quick Tax Method. At the time of publication, the IRS had not released the 2022 individual income tax brackets.
  • [1/24/22] 2021 Schedule 8812 and Instructions (Page 3-5)
    • The IRS has released Schedule 8812 (Form 1040) and its Instructions, which contain worksheets for computing the Credit for Qualifying Children and Other Dependents. Click here for Schedule 8812 and click here for the Instructions.
  • [1/24/22] 2021 State and Local Sales Tax Deduction (Page 3-17)
    • The IRS has released the state and local sales tax deduction worksheet and the accompanying tables for computing the deduction, which were not available at the time of publication. For the worksheet and tables, Click here.
  • [1/24/22] Where to File: Business Returns Filing Addresses — 2021 Returns (Page 15-1)
    • For the Quickfinder table showing filing addresses for 2021 business tax returns, Click here.
  • [1/25/22] Post-publication Developments — Handbook Supplement
    • Developments that impact material in the Premium Quickfinder Handbook and the preparation of 2021 tax returns have occurred since the handbook was printed. Therefore, a packet containing “marked-up” redline changes to the affected pages in your handbook is available. Click here for the packet.

      Binder/loose-leaf handbook owners: If you purchased the 3-ring binder/loose-leaf version of the handbook and have access to a duplex (two-sided) printer, click here for the replacement pages for your handbook.
  • [1/31/22] Principal Business Activity Codes — Forms 1065, 1120, and 1120-S (Page 15-1)
    • For the Form 1065 codes, click here.
      For the Form 1120 codes, click here.
      For the Form 1120-S codes, click here.

Quickfinder Annual Tax Update (2021 Edition)

  • Updates coming soon…

Quickfinder Tax Tables for Business Returns (2021 Tax Year)

  • Updates coming soon…

Quickfinder Tax Tables for Individual Returns (2021 Tax Year)

  • Updates coming soon…

Small Business Quickfinder Handbook (2021 Tax Year)

  • [1/24/22] Post-publication Developments — Handbook Supplement
    • Developments that impact material in the Small Business Quickfinder Handbook and the preparation of 2021 tax returns have occurred since the handbook was printed. Therefore, a packet containing “marked-up” redline changes to the affected pages in your handbook is available. Click here for the packet.

      Binder/loose-leaf handbook owners: If you purchased the 3-ring binder/loose-leaf version of the handbook and have access to a duplex (two-sided) printer, click here for the replacement pages for your handbook.
  • [1/24/22] Where to File: Business Returns Filing Addresses — 2021 Returns (Page A-1)
    • For the Quickfinder table showing filing addresses for 2021 business tax returns, Click here.
  • [1/31/22] Principal Business Activity Codes — Forms 1065, 1120, and 1120-S (Page A-1)
    • For the Form 1065 codes, click here.
      For the Form 1120 codes, click here.
      For the Form 1120-S codes, click here.

Tax Legislation

  • Updates coming soon…

Tax Planning for Individuals Quickfinder Handbook (2021 Edition)

  • [10/7/21] 2021 Vehicle Depreciation Limits and Lease Income Inclusion Table (Pages 1-2, 1-46, 4-5, 4-6, and 4-7)
    • The IRS has released the Section 280F depreciation deduction limits for passenger autos (including trucks and vans) first placed in service during 2021. For passenger autos acquired after 9/27/17, placed in service during 2021, and subject to bonus depreciation under IRC Sec. 168(k), the depreciation limits are $18,200 for the first year, $16,400 for the second year, $9,800 for the third year, and $5,860 for each succeeding year. For passenger autos placed in service during 2021 that are not subject to Section 168(k) bonus depreciation, the depreciation limits are $10,200 for the first year, $16,400 for the second year, $9,800 for the third year, and $5,860 for each succeeding year. The IRS also has released the lease inclusion amounts for lessees of passenger autos first leased in 2021. Click on the following link for the text of Rev. Proc. 2021-31.

Late-breaking Developments Impacting 2021 Returns*
*Developments occurring after publication of handbooks but impacting 2021 returns

  • Updates coming soon…