Tax Year 2025 Year-End Updates 23.10

Federal Reporting

The following updates were released during the tax year 2025 for PowerSchool ERP 23.10. This includes releases from April 2025 through March 2026 and is updated through each release.

Reference

Area

Release Note

Release Information

EFIN-124490

1099-R updates for consistency with Fund Accounting 1099s and eFinancePlus.

The following items are now addressed in 1099-R Processing (Main Menu > Human Resources > Periodic Routines > Year End > 1099-R Processing):

Added the Amount Allocable to IRR,, Roth Contribution Year and FATCA Filing Requirement fields on the 1099-R Work File Maintenance page, 1099-R Edit List, 1099-R Electronic File, and the Detail and Summary Reports generated with the electronic file.
Corrected the IRSTAX.txt electronic file to be sent to the FASLOGDIR directory and not open as a report.
Corrected an issue where the rptdtl.rpt - 1099-R Edit Detail Report: Tax Year XXXX would not be generated when selecting the Screen Destination in the print page.
Modified the rptdtl.rpt - 1099-R Edit Detail Report: Tax Year XXXX and the sum1099.rpt - 1099-R Edit Summary Report to match eFinancePlus standards.
Modified the 1099Raudit.rpt - 1099-R Audit Report to remove references to box numbers and align with the fields on the 1099-R Work File Maintenance page.

2025 April Monthly

23.10.18

EFIN-128339

ACA Hours Tracking - Hours Conversion Table - Correct the code to recognize multiple pay groups for a record on the Load

Human Resources > Periodic Routines > Affordable Care Act > ACA Hours Tracking > Hours Conversion Table.

An issue was preventing the Load from recognizing more than one pay group for a table record. This has been corrected. Now, the Pay Groups field functions the same as the Job Class and Pay Code fields to allow for multiple values to be entered and recognized during the Load.

2025 April Monthly

23.10.18

EFIN-129188

Correct generation of RCS records when generating Ohio file from non-Ohio sites

The electronic file creation process has been corrected to identify Ohio wages & taxes from both the first and second state boxes for W2C records. This previously prevented non-Ohio customers from creating the W2C electronic file to submit to Ohio.

2025 April Monthly

23.10.18