Happy New Year ~ With guidance, I took the recommendations and altered it to combine it with another filter to toggle between a progress of completed or less than 100%.
=FILTER(Table2,(COUNTIFS(Table2[Item '#],Table2[Item '#],Table2[Version '#],">"&Table2[Version '#])=0)*(Table2[Progress Category]=B3))
in the filter function, if you need to add another criteria you can use the * asterisk and add in the next item you need to filter! And to toggle, I used Cell B3 to have a toggle between a list of progress options. Exciting, I know. Thanks everyone!