Suggestions

:speech_balloon:

Tax Exempt: choose Fed, State, or Both

In various items such as investment dividends, pension, etc, have a choice which taxes the item is exempt from, instead of what appears to be “both”. This would apply at least to treasuries, treasury money markets, municipal bonds, muni bond funds, and pensions.

16 votes

Tagged as Suggestion

Suggested 14 July 2024 by user MarkRz

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  • 14 July 2024 MarkRz suggested this task

  • 14 July 2024 Kyle Nolan approved this task

  • avatar
    tiger1972

    And social security in a LOT of states. In fact, states taxing SS is the exception not the rule

    https://www.investopedia.com/which-states-dont-tax-social-security-8725930

    In addition, some retirement pensions aren’t taxed some or at all in many states. In my particular case it’s my military pension in VA, $40k of that is exempt (not indexed to inflation). So it would be nice to be able to select, “All | enter amount tax exempt” and use the growth modality that already exists.

    https://www.military.com/benefits/military-pay/state-retirement-income-tax.html

    02 December 2024
  • avatar
    Shawn Sansom

    This is partially implemented in 4.4.0 (soon to be released to EA) – all income events, and expenses have deductibility options now to specify federal, state and local.

    Account dividends / savings account interest do not have this capability yet.

    24 September
  • avatar
    Stephen Wolf

    It’s a start. Please add the ability to specify whether an income stream (including dividends or interest from an account) is subject to State tax, federal tax, both, or neither.

    24 September