diff --git a/CHANGELOG.md b/CHANGELOG.md
index 04765f243..422115728 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,138 @@
 # Changelog
 
+## 0.12.3
+
+### Features & Enhancements
+
+- Separate `Employee.Taxes` into separate `Employee.StateTaxes` and `Employee.FederalTaxes` components and deprecate `Employee.Taxes` (See upgrade guide below)
+- Add CTA (Call to Action) functionality to ProgressBar component
+- Expose Payroll components as UNSTABLE for early access
+- Add Payroll Submit API call functionality
+
+### Fixes
+
+- Fix documentation links ending with .md extension
+
+### Chores & Maintenance
+
+- Upgrade various development dependencies for improved stability
+- Update embedded API to latest version
+
+### Migrating `Employee.Taxes` to `Employee.StateTaxes` and `Employee.FederalTaxes`
+
+We have split the `Employee.Taxes` component into dedicated `Employee.StateTaxes` and `Employee.FederalTaxes` components. The `Employee.Taxes` component is now deprecated and will be removed in a future version.
+
+#### Component Usage
+
+**Before (using combined Employee.Taxes):**
+
+```tsx
+import { Employee } from '@gusto/embedded-react-sdk'
+
+// In employee onboarding flow
+<Employee.Taxes
+  employeeId="employee-id"
+  isAdmin
+  onEvent={(eventType) => {
+    if (eventType === componentEvents.EMPLOYEE_TAXES_DONE) {
+      // called when taxes is done
+    }
+  }}
+/>
+
+// In self-onboarding flow
+<Employee.Taxes
+  employeeId="employee-id"
+  isAdmin={false}
+  onEvent={(eventType) => {
+    if (eventType === componentEvents.EMPLOYEE_TAXES_DONE) {
+      // called when taxes is done
+    }
+  }}
+/>
+```
+
+**After (using separate components):**
+
+```tsx
+import { Employee } from '@gusto/embedded-react-sdk'
+
+// In employee onboarding flow - Federal Taxes step
+<Employee.FederalTaxes
+  employeeId="employee-id"
+  onEvent={(eventType) => {
+    if (eventType === componentEvents.EMPLOYEE_FEDERAL_TAXES_DONE) {
+      // called when federal taxes is done
+    }
+  }}
+/>
+
+// In employee onboarding flow - State Taxes step
+<Employee.StateTaxes
+  employeeId="employee-id"
+  isAdmin
+  onEvent={(eventType) => {
+    if (eventType === componentEvents.EMPLOYEE_STATE_TAXES_DONE) {
+      // called when state taxes is done
+    }
+  }}
+/>
+
+// In self-onboarding flow - Federal Taxes step
+<Employee.FederalTaxes
+  employeeId="employee-id"
+  onEvent={(eventType) => {
+    if (eventType === componentEvents.EMPLOYEE_FEDERAL_TAXES_DONE) {
+      // called when federal taxes is done
+    }
+  }}
+/>
+
+// In self-onboarding flow - State Taxes step
+<Employee.StateTaxes
+  employeeId="employee-id"
+  isAdmin={false}
+  onEvent={(eventType) => {
+    if (eventType === componentEvents.EMPLOYEE_STATE_TAXES_DONE) {
+      // called when state taxes is done
+    }
+  }}
+/>
+```
+
+## 0.12.2
+
+### Features & Enhancements
+
+- Add CTA (Call to Action) functionality to ProgressBar component
+- Expose Payroll components as UNSTABLE for early access
+- Add Payroll Submit API call functionality
+
+### Fixes
+
+- Fix contractor payment details validation and display
+- Fix contractor ID not being passed correctly from profile to submit
+- Fix self onboarding switch with correct onboarding status
+
+### Chores & Maintenance
+
+- Upgrade react-i18next from 15.6.0 to 15.7.0
+- Upgrade react-hook-form from 7.60.0 to 7.62.0
+- Update embedded API to latest version
+
+## 0.12.1
+
+### Fixes
+
+- Fix contractor payment details validation and display
+- Fix contractor ID not being passed correctly from profile to submit
+
+### Chores & Maintenance
+
+- Upgrade react-i18next from 15.6.0 to 15.7.0
+- Upgrade react-hook-form from 7.60.0 to 7.62.0
+- Update embedded API to latest version
+
 ## 0.12.0
 
 ### Updated theming
diff --git a/package-lock.json b/package-lock.json
index 580b5b276..e489386b9 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@gusto/embedded-react-sdk",
-  "version": "0.12.1",
+  "version": "0.12.3",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
     "": {
       "name": "@gusto/embedded-react-sdk",
-      "version": "0.12.1",
+      "version": "0.12.3",
       "license": "MIT",
       "dependencies": {
         "@gusto/embedded-api": "^0.6.8",
@@ -64,7 +64,6 @@
         "sass-embedded": "^1.90.0",
         "ts-morph": "^26.0.0",
         "tsx": "^4.20.4",
-        "typescript": "^5.9.2",
         "typescript-eslint": "^8.40.0",
         "vite": "^7.1.3",
         "vite-plugin-checker": "^0.9.1",
@@ -19041,8 +19040,8 @@
       "version": "5.9.2",
       "resolved": "https://registry.npmjs.org/typescript/-/typescript-5.9.2.tgz",
       "integrity": "sha512-CWBzXQrc/qOkhidw1OzBTQuYRbfyxDXJMVJ1XNwUHGROVmuaeiEm3OslpZ1RV96d7SKKjZKrSJu3+t/xlw3R9A==",
-      "devOptional": true,
       "license": "Apache-2.0",
+      "peer": true,
       "bin": {
         "tsc": "bin/tsc",
         "tsserver": "bin/tsserver"
diff --git a/package.json b/package.json
index 5d83337f4..0e5b8ca09 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@gusto/embedded-react-sdk",
-  "version": "0.12.1",
+  "version": "0.12.3",
   "homepage": "https://github.com/Gusto/embedded-react-sdk",
   "bugs": {
     "url": "https://github.com/Gusto/embedded-react-sdk/issues"
diff --git a/src/components/Employee/OnboardingFlow/OnboardingFlow.test.tsx b/src/components/Employee/OnboardingFlow/OnboardingFlow.test.tsx
index 6ca3b2e2b..33cb0ff71 100644
--- a/src/components/Employee/OnboardingFlow/OnboardingFlow.test.tsx
+++ b/src/components/Employee/OnboardingFlow/OnboardingFlow.test.tsx
@@ -90,7 +90,7 @@ describe('EmployeeOnboardingFlow', () => {
       )
     })
 
-    it('succeeds', { timeout: 50_000 }, async () => {
+    it('succeeds', { timeout: 60_000 }, async () => {
       const user = userEvent.setup()
       render(
         <GustoProvider config={{ baseUrl: API_BASE_URL }}>