Tax Rate Settings and Assumptions

Where do I change federal and state income tax rates and capital gains tax rates?

The program defaults to calculating federal income tax rates based on taxable income each year. But you can override this with your own average federal income tax rate. You must also enter your average state income tax rate. The program also calculates capital gains tax rates each year and assumes all capital gains tax rates are long-term rates. You can override this with your own rate as well.

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