Suggestions

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Allow for in year tax payments

Allow for federal income taxes and state income taxes to be paid throughout the year vs always assuming one time payment next year.

7 votes

Tagged as Suggestion

Suggested 30 March 2024 by user Valery Zelixon

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  • 30 March 2024 Valery Zelixon suggested this task

  • 31 March 2024 Kyle Nolan approved this task

  • avatar

    this is would be so helpful! I tend to pay any taxes as withholding or with the actual transaction (like taxes with a Roth conversion). It would be great to indicate any type of taxable event to indicate “pay same year” or “payable in next tax year”. This helps with looking at my budget in totality for one year.

    05 September 2024
  • avatar

    Making estimated tax payments is normal behavior for those in retirement. A lot of pre-retirees don’t even know they’ll need to do this, so I’m not sure this should be subject to votes. It needs more user education, more “trust me, you want this.” Well, that’s my opinion, anyway!

    11 August
  • avatar

    Agreed – quarterly estimated tax-payments is normal in retirement, so being able to have PL model this out is just another means of getting PL better in tune with the reality of cash-flow and money movement. Now that PL has introduced months into its timeline (or no longer just being at a yearly total view), having this ability would be nice.

    08 November