I’m not really sure the best way that this could be implemented, but I currently receive a lot of tax credits, and I’d love to be able to input those into PL. PL seems to handle taxes pretty well from an income perspective, but I’d love to see enhancements to a Deduction configuration module and a Tax Credit configuration module. PL currently handles some of the itemized deduction inputs from known data, but there are other factors that would be nice to input such as Investment Expenses.

Regarding Tax Credits, I’d love to be able to configure a list of known tax credits, along with their qualification conditions (AGI limit, MAGI limit). Examples: Child Tax Credits (PL would know to disqualify someone from these if their AGI exceeded specific threshold. I’d like to be able to input my Quantity and DOB’s of my dependents so that PL would know which years to apply this credit). Amount of Carried over non-refundable tax credits and forfeiture year if not utilized. Example: Adoption Tax Credit can be rolled over for up to 5 years. Electric Vehicle tax credit of $7,500 which is conditional based on income threshold. It would be nice if I could configure this tax credit for a specific year, and PL would factor it into tax bill where I can either consume all of it, forfeit it if income threshold exceeded, or consume only a portion of it due to not having enough taxable income to utilize all of it.

I don’t mind configuring all the qualification rules around the various tax credits that pertain to my situation, but I’d love for PL to allow for configuration and factor those into the tax analytics.

I suppose an even simpler enhancement would be to allow income taxes to be modified by a dollar amount along with year.