State Income Taxes Updated for 2019 on TOTAL
2019 state tax income tax information is now available. If you plan with TOTAL, Money Tree's in-depth financial planning software, it's standard practice to ensure the state tax rates are entered for all of the states your clients reside in and the rates are up-to-date each year. The Tax Foundation is an excellent resource for 2019 state tax rates.
Both our online and desktop versions of TOTAL include a feature allowing Money Tree to populate the tax information for all states in the program's settings. In the State Tax Settings section of each program there are inputs to adjust the tax data for each state. The "Reset All State Tax Settings" will clear any custom or out-of-date state tax information and fill it with current information on record at Money Tree.
In Online edition of TOTAL there is the "Allow Money Tree to Update State Tax" checkbox. If that box is checked, then Money Tree will automatically update the state tax information once per year, shortly after the information is updated.
This year, Money Tree will update the state tax information for all electing users one week from the posting of this blog: Tuesday, May 14.