Updated for One Big Beautiful Bill (OBBBA 7/2025)

2026.11  (01/24/2026)

• 2026 RI Estate Credit
• 2026 WA Estate Exclusion
• Federal Interest Model- First Quarter 2026 updated
• State Interest Payable model has been updated for CA and VA
• CRAT, CRUT, Pooled Funds, Farm, and Gift Annuity models - the Income tax input section no longer has the sunset option and the Bonus Elderly Deduction from OBBBA has been added to the report.
• Copyright updated for User Interface and Reports

2026.10  (12/23/2025)

• 2026 IRMAA Adjustments
• 2026 §199A Adjustments: Minimum $400 credit introduced, and phase ranges have been updated or Joint ($150,000) and all others ($75,000)
• 2026 Gift Annuity Rates
• Receipts model has been updated to allow for more than 50 years of calculations
• State Interest Payable model has been updated for NY, NJ and PA
• To Be updated for 2026.11 (once released from governing sites) - state estate exclusions for remaining states and 2026 interest rates for Federal and State Interest payable models

2026.00  (11/02/2025)

• 2026 Income Tax Adjustments - this will impact several screens: CRAT, CRUT, Pooled Income Fund, Farm/Residence, Gift Annuity, Individual Income Tax, Corporate Income Tax, CRATIRA, CRUTIRA, QP Buys Insurance.
• 2026 §199A Adjustments - this will impact several screens: General, >1 Entity, Estate/Trust, SuperDed, C vs S Corp, Individual vs Employee, Farm
• 2026 Estate Tax Adjustments - this will impact several screens: Estate Tax, Prior Gifts, Bypass, Project, MarDed, Net Gift, Cash Need, Confiscate, Interrelated Estate Tax, Exclusion, §6166
• 2026 Social Security Adjustments - this will impact several screens: Optimizer, Spousal, Family Max, Survivor, AIME, Earning Test
• Special Use Valuation - updated the special use value for 2024, which is released in September 2025
• Federal Interest Model- 2025 Federal Interest Payable updated for all quarters
• State Interest Model- State Interest Payable rates updated for all currently released interest rates for: PA, DE, NY, NJ, WA, OH, CA, IL
• 2026 NY Estate Exclusion (projection)
• SPLIT Model - issue with AFR automation when changing date
• To Be updated for 2026.10 (once released from governing sites) - state estate exclusions for remaining states, IRMAA adjustments, and 2026 interest rates for Federal and State Interest payable models, Possible changes to Gift Annuity Rates

2025.30  (08/18/2025)

• OBBBA Estate Tax changes, including updated 2026 Estate Tax Exclusion ($15M), and Sunset option no longer applicable, impacting: Bypass, QDOT, Interrelated, §6166, Estate Tax, Prior Gifts, Project, Marital Deduction, Net Gift, Net Net Gift, FastPlan, Confiscate, CRUT as IRA Beneficiary, CRAT as IRA Beneficiary, and Cash Needs
• OBBBA Income Tax changes, including BONUS Elderly deduction and Sunset option no longer applicable, impacting: Individual and NUA models.

2025.02  (01/13/2025)

• Copyright updated to 2025 on PDF report
• §7520 for January updated, was showing as 5.0%.
• FastPlan: Updated the maximum unified credit allowable for years 2026 when sunset has been selected.

2025.01  (12/20/2024)

• Estate Exclusions for 2025: District of Columbia, NY and RI were updated for 2025 adjustment. 

2025.00  (11/20/2024)

2024.13 (03/22/2024)

• CT Estate Tax: Starting in 2023, CT mirros the Federal Estate Tax Exclusion - however, the calculations were still considering a bottom floor bracket (equal to the exclusion), which reflected the CT tax to be off- this was introduced in version 2024.12.

2024.12 (03/16/2024)

• CT Estate Tax: For 2023 and 2024 calculations, the maximum estate tax of $15M was not implemented.
• Federal Interest Payable Model: this was updated for 2nd Quarter interest rates.

2024.11 (02/12/2024)

• Estate Tax Model: calculations for MA, where out of state property was considered was was prorating the credit ($99,600) incorrectly for years 2023+.
• CRAT Model: the optimization routine for a TERM calculation was not optimizing based on the selected AFR (prior month), which resulted in a Charitable Remainder greater than 10%.
• Loan Payment Model: the PDF report now shows the schedule in cents format.

2024.10  (01/6/2024)

• Gift Annuity Model: updated to include the maximum gift annuity rates published by the American Counter on Gift Annuities (ACGA).  These rates have an effective date of 1/1/2024.
• State Interest Payable Model - updated for California for date range 1/1/2024 through 6/30/2024.  A minor bug was also fixed for CA regarding the 3% adjustment to the Federal rates.
• State Interest Payable Model - updated for Pennsylvania for date range 1/1/2024 through 12/31/2024.  
• Estate Exclusions for 2024: District of Columbia was updated for 2024 adjustment.  NY and RI were updated in a prior version.

2024.00  (12/18/2023)

2023.30  (06/23/2023)

• Final Regulations for table 2010CM - Transition Period. The proposed regulations released in May 2022 had the transition period starting 1/2021. The Final regulations have reset the transition preiod start to 5/1/2019, and allows for amended calculations based on using either mortality table 2000CM or 2010CM.  During 5/1/2019 through and including 6/1/2023, the user can select either table.  Most models in the application used a valuation/transfer date in the format MM/YYYY.  These models were modified to allow the format MM/DD/YYYY, specifically to allow for the effective date of 6/1/2023 to be included in the transtion.  For calculations 6/2/2023+, table 2010CM must be used.  20 Models were impacted by this change: Factors, SCIN, Private Annuity, Contingent Reversion, QPRT, GRAT, Rolling GRAT, GRUT, SPLIT, CRAT, CRUT, CLAT, CLUT, Pooled Income Fund, Farm, Gift Annuity, 5&5 Power, Net Net Gift, CRAT Named as an IRA Beneficiary, CRUT Named as an IRA Beneficiary.
• Final Regulations for table 2010CM - Interpolation.  Taxpayers may use an exact method of obtaining the applicable factors, such as through software using the actual rate of return and the actuarial formulas provided in the regulations, in place of the generally less accruate interpolation method.  Models have been updated to allow for the user to select between Interpolation and Exact methods.  Models that were impacted by this change: CRUT, CLUT, CRUT as IRA Beneficiary.
• CRUT model - this model allows for income tax reports, but were out of scope if the user was doing a calculation for an estate tax deduction.  The report option to include the Income Tax report was modified to reflect the type of Deduction to calculate - if the selection is 'Estate', then the additional inputs needed for income tax deductions are hidden, as well as the additional reports specific to income tax deductions.
• CRAT model - this model allows for income tax reports, but were out of scope if the user was doing a calculation for an estate tax deduction.  The report option to include the Income Tax report was modified to reflect the type of Deduction to calculate - if the selection is 'Estate', then the additional inputs needed for income tax deductions are hidden, as well as the additional reports specific to income tax deductions.
• New rendering of supplemental information for the 20 models that were modified.  When viewing things like help files or the AFR table, the resources have been modified to allow for a better user experience.  The remaining models will be updated to reflece these same changes in the next version.
• The version number o fthe web application now appears at the top under the program title.  For prior versions, the version number only appeared in the footer of each screen.

2023.20  (06/09/2023)

• Net Unrealized Appreciation (NUA) Model added.
• Value of Income and 5&5 Power Model added.
• Renamed QP Buys Insurance to IRA Max.

2023.11  (01/19/2023)

• RMD of Owner During Lifetime (RMD):  updated to reflect the required minimum distribution age as set forth in SECURE Act 2.0.
• State Exclusion Adjustments: updated to include RI, DC, and ME adjustments for 2023.  NY was updated in 2023.10.
• Installment Sale (Install):  modified the explanatory text to include information of §453A when the total amount of installment obligation does not exceed $5 million.

2023.10  (12/10/2022)

• Gift Annuity Model: updated to include the maximum gift annuity rates published by the American Counter on Gift Annuities (ACGA).  These rates have an effective date of 1/1/2023.
• Social Security Optimizer Model: Added an input to allow for duration of analysis, with an allowable range of 72-109.  Prior versions forced the analysis to age 84.
• Estate Model: State Deduction for Federal Calculation- When a (+) state adjustment is applied to the state only, the program used to calculate the state deduction based on a pro-rata computation.  It was determined that this needed to be changed to an incremental computation.

2023.00  (10/31/2022)

2022.31  (08/06/2022)

• Prior Gifts Model: added the ability to enter up to 50 years of gifts.   Prior versions only allowed up to 18 years.
• Estate Model: Projected calculations with Sunsetting selected (years 2026+), the clawback adjustment was not using the inflation rate entered.
• CLAT Model: a small calculations change was made for cases where the inputs contained three lives or more.
• CRUT Model: the disclaimer that prints in the PDF was overlapping the graph.
• GRAT Model: added a toggle to switch from annual to periodic compounding.
• Double Model: the schedule for double payments, did not show the last year of the term when the original term was an odd number. 

2022.30  (05/26/2022)

• Gift Annuity Model: updated to include the maximum gift annuity rates published by the American Counter on Gift Annuities (ACGA).  These rates have an effective date of 7/1/2022.
• Charitable Remainder in Residence or Farm: Modified the summary report (1 description).

2022.20  (05/12/2022)

• 2010CM Mortality Table: Proposed table with transition rules has been added to 22 models!  
• Option to Include/Exclude Tax reports: Added for models: CRAT, CRUT, Charitable Remainder in Residence/Farm, and Charitable Gift Annuity
• CLAT Model: Increasing Annuity Payment was capped at 20%, mirroring the GRAT.  There is no need for limit for CLAT.  Also, the optimize function was only considering up to 5 decimal places for the payout percentage - the optimizer will now return the value in dollar format.
• Life Expectancy Model: When §1.401(a)(9)(2022) was selected, it was not listed as the mortality table in the input report (was blank). 
• GRAT Model: The FMV now allows cents to be entered for the user input field.
• Chances Model: Added an input to switch mortality tables.
• CRAT Model: increased the payout percentage input from 3 decimal places to 5 decimal places.

2022.10  (02/08/2022)

• 2022 State Death Tax changes: Updated DC changes for 2022.
• IRS Notice 2022-6: Models have been updated to reflect the changes for SEPP calculations for 2022+. 

2022.01  (01/08/2022)

• 2022 State Death Tax changes: Updated states NY, ME, RI, and IA.  IA was also updated to reflect changes for 2023-2025.
• Models Gift Annuity and Interrelated were not retaining the Report Options when using the Save Calculation feature.
• Model FastPlan: when creating a case for a single client, the program went unresponsive when using Annual Gift Exclusions.
• Version 2022.00 had about 30 models that had enhanced reports and graphs.  Version 2022.01 contains the same enhancements for the rest of the models (~100).

2022.00  (12/19/2021)

2021.21 (7/1/2021)

• CLUT Model - The onscreen report was not displayed.  This did not impact the PDF report generated from the application.
• GRAT Model - Added an additional input report that prints (PDF).  This report will show if the annuity payments Vary - the report will show the percentage payout each year, along with the payment.
• CLAT Model - Added an additional input report that prints (PDF).  This report will show if the annuity payments Vary - the report will show the percentage payout each year, along with the payment.
• Rolling GRAT Model - When the number of years (or GRAT's created) is less than 5, one of the printed input reports was not formatted properly.
• Future Value of Increasing Payments Model - found when clicking Financial Planning Tools on the main menu, the calculation was not shown in the menu under the Net Worth category.

2021.20 (6/5/2021)

• QDOT Model – (New) Found under the Trusts column, this model shows the impact of estate tax whent the surviving spouse is a non-U.S. citizen.  It shows three scenarios: a) No QDOT considered, b) QDOT considered, c) Bypass Trust set up for first to die, with excess remaining estate values placed into the QDOT.  Model handles both resident and non-resident non-U.S. citizens.
• Forecaster Model - (New) Found under the Techniques column, this allows the user to calculate the estate and gift taxes under user-defined inputs, such as estate and gift tax exclusions, tax brackets, and portablity of the DSUE.  This model is powerful when projecting upcoming tax changes.
• Net Net Gift Model - (New) Found under the Taxes column, this model calculates the taxable gift when the donee pays not only the gift tax from the gift, but also the estate tax liability (§2035(b)) if the donor dies within three years of making the gift.
• Harvester Model - (New) Found under the Techniques column, this model calculates 'What-If' scenarios for an asset that could have a capital gain or loss. It calculates projections if you were to hold on to the asset for a certain number of years and then realize the gain/loss in the following year.  This model allows for two different approaches: 1) AGI Method 2) Tax Rates Method.  For quick calculations or to project future capital gains tax legislation, use the Tax Rates Method.  The AGI Method allows for in depth calculations based off the existing capital gains tax rules - it will show how the Capital Gain impacts §1411.
• Contingent Reversion - Moved the model from the Trusts column, to the Tools column.

2021.12 (4/15/2021)

• Amortize Model – When the option asked the user to enter inputs based on Monthly (not Yearly), and the months are not divisible by 12, the Summary Page displayed the "Months in Last Year" result incorrectly (it defaulted to a full year).
• CRAT as IRA - 
  • The CRUT/CRAT Schedule had the wrong heading at the top of the page when printed. 
  • Minor text changes were made to the Introduction and Assumptions pages to make the content more readable.
• CRUT as IRA - 
  • The CRUT/CRAT Schedule had the wrong heading at the top of the page when printed.
  • Minor text changes were made to the Introduction and Assumptions pages to make the content more readable.
• UI/UX Improvements - 
  • Minor text changes were made to the Introduction and Assumptions pages in CRUT as IRA Beneficiary and CRAT as IRA Beneficiary to make the content more readable.
  • Formatting improvements were made to schedules that exceed one page. These schedules were missing a schedule frame around the last row at the bottom of the first page.
  • Factors Model - When saving data, the calculation selection (Life Estate and Remainder) was not retained. This function has been corrected.
  • Gift Loans Model - A "Loan Date input" was added to help users determine the AFR used. An "Information Bubble" has been added next to the Applicable Federal Rate (AFR) that will show Short, Mid, and Long Term Applicable Federal Rates for the last year, based on period.
  • Dynasty Trust Model - An "Information Bubble" has been added next to the Applicable Federal Rate (AFR) that will show Short, Mid, and Long Term Applicable Federal Rates for the last year, based on period.
  • IDIT Model - An "Information Bubble" has been added next to the Applicable Federal Rate (AFR) that will show Short, Mid, and Long Term Applicable Federal Rates for the last year, based on period.
  • SCIN Model - An "Information Bubble" has been added next to the Applicable Federal Rate (AFR) that will show Short, Mid, and Long Term Applicable Federal Rates for the last year, based on period.
  • Gift Annuity - Within the input section for Income Tax, the inputs for Capital Gain (Total Long-Term, 28% Rate, and Unrecaptured §1250) were not showing properly and have been corrected.
  • IRMAA Model - A secondary link on the Estate Planning section, under the Social Security section, has been added. The model is also available under the Financial Planning section, in the Financial Goals column.
  • Net Clear Model - This model did not have the Report Options section included on the input screen and has been corrected.
  • Data File saving has been optimized to speed up the process and reduce the file size downloaded or uploaded by confining the process to a more specific model data structure.
• GRAT Model - 
  • Added the new ability to switch decimal digits of the payout like the (EPT) Estate Planning Tools (Desktop) program. It was introduced in version 2020.02. You can select between using five digits (historical calculations) or based on the size of the (FMV) Fair Market Value. 
  • Added the new ability to select between "No," "Constant Rate," and "Non-Constant Rate" varying annuity payments. This feature was added to accommodate the Non-constant varying annuity case.
  • Two featured options are not new but allow the user to select between the varying annuity option. For the Non-Constant Rate case, the application currently has a ceiling value of 45 years, and anything above that will use the last rate entered (45th). 
  • When turning the Optimize Feature "On," the optimized rate is returned as a label on the form. When you turned the feature "Off," the Optimized Value is now used as a default in the "Payout" field. The user can now adjust the optimized rate based on the desire to have an additional Taxable Gift or true zero Taxable Gift.
  • The Printout Report has been modified to use newer report tools, with headers, footers, etc.
  • The onscreen graph has been improved to allow for instant changes.
  • Calculations using Constant Rate Varying Annuity Payments now use the same algorithm for the Annuity Factor in (EPT) Estate Planning Tools (Desktop) version 2020.02+.
• CLAT Model -  
  • For the Non-Constant Rate case, the application currently has a ceiling value of 45 years, and anything above that will use the last rate entered (45th). This modification allows for SharkFin CLATs.
  • When turning the Optimize Feature "On," the optimized rate is returned as a label on the form. When you turned the feature "Off," the Optimized Value is now used as a default in the "Payout" field. The user can now adjust the optimized rate based on the desire to have an additional Taxable Gift or true zero Taxable Gift.
  • The Printout Report has been modified to use newer report tools, with headers, footers, etc.
  • The onscreen graph has been improved to allow for instant changes.
  • Calculations using Constant Rate Varying Annuity Payments now use the same algorithm for the Annuity Factor in (EPT) Estate Planning Tools (Desktop) version 2020.02+.
  • The "Percentage Payout" input now allows for up to five decimal places for payout (this is an increase from three decimal places).
• Rolling GRAT Model - 
  • A new input has been added to allow for a Constant Growth of Annuity Payout, up to 20%. To fully optimize this model, it is suggested to enter 20%. 
  • New tables have been added to the printouts illustrating how each GRAT is created based on prior GRAT payouts. 
  • A minor improvement has been made to the last GRAT in the analysis. The remainder was being illustrated as going to the beneficiary, even though the last GRAT payments are included back in the estate of the Grantor.  

2021.11 (2/28/2021)

• NEW UI/UX: Main Menu has been redesigned for easier navigating.
• Factors Model: We updated the input for the FMV/Payment input to allow dollars and cents.  Prior versions only allowed a dollar format.
• Rolling GRAT: The Remainder to Beneficiary Report - In the first year that excess was transferred, a growth value (equal to the growth rate entered) was being used (for instance, if you entered 6%, a $6 growth was added in the first year).   Years after the first year were properly illustrating the growth.   Schedules that had $0 in a field were shown as blank (NULL) - this has changed to illustrate $0 in these cases.
• Estate Model: The amount entered in Outside of State Property was not adjusting the state tax due for a decoupled state, except for MD and NY.  The "workaround" was to use the state credit input field to adjust the tax.  This has been resolved, and "workaround" steps are no longer necessary.
• FastPlan: The first to die's DSUE (when applicable) was using the Adjusted Prior Taxable Gifts input to assume that the Unified Credit Used was always the maximum amount based on the entered Adjusted Prior Taxable Gifts.  This is the case for most analyses, but the model has been updated to reflect when the maximum is not assumed.

2021.10 (2/6/2021) 

• NEW Model: FastPlan, found under the 'Taxes' column.  This model allows a side-by-side comparison of different strategies for married clients regarding Estate Tax planning.  Several basic planning options are available.  The model includes beautiful flowcharts that have several layers of detail.
• NEW Model: RMD, found under the 'Retirement' column.  This model will calculate the Required Minimum Distributions for a given year for an owner of a qualified plan during their lifetime.  Calculations can be performed from 2003-2021+.  The model has been developed with the §1.401(a)(9) changes that go into effect as of 01/01/2022.
• IDIT Model: For excess income (income overpayment), an option has been added to place the excess income into a portfolio account, which can have a unique growth and income rate.  By default, the application assumes that the excess income is reinvested in the trust.
• Update Regarding §1.401(a)(9) - Several models have been updated to reflect the slated changes to go into effect as of 01/01/2022.  These models are:
  
  • Pre 59½ (Retirement Column)
  • Life Expectancy (Present/Future Value Column)
  • Benefit (Financial Goals Column)

2021.01 (1/1/2021) 

Version Information 

• NEW: The Social Security Section.  Complete With 6 New Models:  
• Optimizer: This shows an optimal point for Social Security under different Retirement Age assumptions.
• Spouse of a Qualified Worker:  Displays benefits for a spouse of a Qualified Worker and compares, if applicable, the benefit the spouse would earn based on their own work history. 
• Family Max Benefit:  Shows the Maximum Family Benefit based on the year and the Qualified Worker's Primary Insurance Amount. This figure is used in both retirement and survivorship type of calculations. 
• Survivor Benefits:  Calculates the survivor benefits of a spouse and/or qualified children of a deceased spouse. 
• AIME: This model allows you to enter up to 45 years of income. With indexing applied, it captures the top 35 indexed income values and averages them to return the Average Indexed Monthly Earnings. 
• Earnings Test:  This model will calculate the earnings test used to determine what portions of benefit will be withheld when the Qualified Worker continues to work during retirement and has not reached the Full Retirement Age.  

• 2021 Income Tax Adjustments:  This update will impact and be visible on several screens: CRAT, CRUT, Pooled Income Fund, Farm/Residence, Gift Annuity, Individual Income Tax, Corporate Income Tax, CRATIRA, CRUTIRA, QP Buys Insurance.

• 2021 §199A Adjustments:  This update will impact several screens: General, >1 Entity, Estate/Trust, SuperDed, C vs. S Corp, Individual vs. Employee, Farm.

• 2021 Estate Tax Adjustments:  This update will be evident on several screens: Estate Tax, Prior Gifts, Bypass, Project, MarDed, Net Gift, Cash Need, Confiscate, Interrelated Estate Tax, Exclusion, §6166.  

• 2021 IRMAA Adjustments:  Medicare Part B and D updated for 2021. This model is found under the Financial Planning side of the application. 

• CRUTIRA:  IRA Names CRUT as Beneficiary. This model has been reworked to allow for more flexibility when modeling a CRUT. Additional inputs have been added to allow for different IRA growth rates, portfolio (where the distributions are placed), and the CRUT. The CRUT also allows for an income rate. You can also model how the schedule will payout based on the CRUT Type (Normal, NIMCRUT, NICRUT, or FlipCRUT).  If an Estate Tax is calculated, an IRD is calculated and applied to the Stretch schedule and the SECURE Act 10-year distribution. For the 10 Year distribution, you can now select whether the payout is a lump sum in year 10 or equal (with growth) payments from years one through ten.  Lastly, the CRUT's economic schedule was based on the life expectancy for table 2000CM, whereas the Stretch uses §1.401(a)(9).  You can now elect the CRUT distributions to use either table or enter an age to which they would stop.  The valuation is based on Table 2000CM, but the schedule can now be illustrated to extend (or stop short) the 2000CM Life expectancy.   

• CRATIRA:  IRA Names CRAT as Beneficiary. This model has been reworked to allow for more flexibility when modeling a CRAT. Additional inputs have been added to allow for different IRA growth rates, portfolio (where the distributions are placed), and the CRAT. If an estate tax is calculated, an IRD is calculated and applied to the Stretch schedule and the SECURE Act 10-year distribution. For the 10 Year distribution, you can now select whether the payout is a lump sum in year 10 or equal (with growth) payments from years one through ten.  Lastly, the CRAT's economic schedule was based on the life expectancy for table 2000CM, whereas the Stretch uses §1.401(a)(9).  You can now elect the CRAT distributions to use either table or enter an age to which they would stop.  The valuation is based on Table 2000CM, but the schedule can now be illustrated to extend (or stop short) the 2000CM Life expectancy.   

• Charity Type:  Cash - 60%. Models CRAT, CRUT, Pooled Fund, Farm/Residence, and Gift Annuity. Each of these models has been updated to allow for the option of a 60% Cash deduction. The other types remain unchanged (50,30,20%).  

• Data File Filter:  When clicking on "Open," only files with the extension ".ecp" will be shown.

• On-Screen Summary Tab Section:  If the report is long, it currently scrolls the tab section out of sight. The tab section will remain as a header. 

2020.10