We are happy to announce that the following SEC Taxonomies are now supported within the Workiva Platform:

   - 2025 U.S. GAAP Financial Reporting Taxonomy (GRT)
   - 2025 U.S. GAAP Employee Benefit Plan (EBP)
   - 2025 Closed-End Fund (CEF)
   - 2025 Filing Fee Disclosure (FFD)
   - 2025 Open-End Fund (OEF TSR) and (OEF RR)
   - 2025 Resource Extraction Payments (RXP)
   - 2025 Variable Insurance Product (VIP)

As mentioned in the SEC announcement for the 2025 XBRL Taxonomies Update, the SEC does not anticipate the removal of the 2023 versions of any taxonomies to occur before June 2025. Similarly, once those taxonomies are no longer supported, we’ll update you here as well. The SEC strongly encourages companies to use the most recent version of taxonomy releases for their XBRL® filings to take advantage of the most up-to-date tags related to new accounting standards and other improvements.

With EDGAR Release 25.1 additional warning validations were added to identify 2025 US GAAP deprecated elements. The good news here is no action is required on your part until you migrate to the 2025 taxonomy and these will not prevent you from filing.

If you want to learn more about the taxonomy changes specific to US GAAP 2025, you can register here to attend our annual webinar for 2025 US GAAP Taxonomy Updates on May 13th and earn 1 CPE credit.

When migrating to a new taxonomy, you can check out this help article on Deprecated Elements and Suggestions to assist you the process.

We are here to help

Should you need help with migrating to the latest taxonomy, the Workiva Professional Services team is available for any of your tagging needs.  Please don't hesitate to reach out to your Account Rep, CSM or PSM.