Predictions for the Higgs masses are a distinctive feature of supersymmetric extensions of the Standard Model, where they play a crucial role in constraining the parameter space. The discovery of a Higgs boson and the remarkably precise measurement of its mass at the LHC have spurred new efforts aimed at improving the accuracy of the theoretical predictions for the Higgs masses in supersymmetric models. The "Precision SUSY Higgs Mass Calculation Initiative" (KUTS) was launched in 2014 to provide a forum for discussions between the different groups involved in these efforts. This report aims to present a comprehensive overview of the current status of Higgs-mass calculations in supersymmetric models, to document the many advances that were achieved in recent years and were discussed during the KUTS meetings, and to outline the prospects for future improvements in these calculations.