It would also be good to allow a deduction to be a percentage of income with a value cap

If you want to go advanced with this, the current “Advanced” mode can be set to be a changing percentage of an income or expense over time. For example, early in life I want to spend 5% of my income on vacation, but have that grow over time to 10%.

Would love to be able to direct 10% of all income to the “charity” expense.

I’m in the same boat as Taylor

These items are basically the same request? https://changemap.co/projectifi/projectifi/task/5845-starting-amount-being-a-percent/

It would be great to have this % of income as an option in the tax analysis, and have the ability to set a max amount (also be able to increase by inflation).

This will fit perfectly to tackle Canadian Employment Insurance (EI) and Canada Pension Plan (CPP) premiums. These two are deducted based on a percentage of income, up to an annual maximum amount.

+1, I’d like to be able to direct 10% of income to donations and exclude donations from “total expenses” when calculating what 25x of expenses is for the FI target

More ideas: - target bonus as % of base salary - employer pension or share ownership match as a percent of individual match

I was just about to add a request to allow expenses to be a percentage of some other known value such as an Income source, but I found this request.

This would be a nice feature. I’d like to set tithe expense as percentage of income or taxable income. I think I can get around this by setting individual expenses happening at specific years for each year depending on income range, but there’s some pretty volatile years post fi where I am working on a Roth conversion strategy and this would be fairly manual/error prone. Ideally, this feature would pair with using a specific account (eg pretax ira) and marked tax deductible so it will capture the fact that I wouldn’t be taxed on the money. I think these items already seem to exist depending on your implementation though.

Ps: this software is absolutely awesome.

+1 this would be helpful for including planned percentage giving. At the moment it’s pretty hard to capture this and for those of us who do this it makes the projections significantly inaccurate.

+1 Agreed, this would be great. Another item it would help solve that I’ve run into: I own stock as partner in a c-corp and have a buy/sell agreement that forces me to sell the stock back to the company starting at age 60. I understand I can model this with a custom income and expense line items. But that method appears to be limited to choosing the actual dollar value I want to transfer. Since I’m modeling the stock as an investment account, I’d like run multiple scenarios on it’s projected growth rate. So, I’d like to model the sell off as a percentage of the stock account value at the time of sell, not choose a specific dollar value since the stock value will vary significantly with the projected growth rate.

Big vote up here. Being able to model a pre or post-tax % tithe of all income is key for a lot of religious folks.