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Tax Rates & SS

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(@jsarpal)
Active Member
Joined: 1 year ago
Posts: 7
Topic starter  

What Tax rates does the PRC use for future years? Does it assume current tax rates continue for the rest of the plan?

Do we need to adjust Social Security using start and stop age for survivor benefits or does the system do the automatically based on Demo info?


   
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(@ricke)
Trusted Member Customer
Joined: 3 years ago
Posts: 69
 

For the existing tax law, it uses your inflation projection to adjust brackets up. You can also tell it when to revert to pre-TCJA taxes on the bottom of the home page. (unless Congress passes a new law, the current scheme reverts to the pre-2017 scheme in 2026)

You tell the program when each spouse will pass and the program takes care of the SS benefits


   
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