Entering a Tax-Free Income

Currently in the inStream system, Income is set to Gross as the default. In order to enter Tax Exempt incomes, please follow the steps below. 

To add an Income, go to the Profile tab and select Finances.

Under Finances, select Income then click Add a New Income.

Now we'll name the income. Let's use Disability Insurance Income for the name. Next, choose the Income Type and since we don't have a disability benefits option, select Other then enter "Disability Insurance Income" in the blank text field.
Continue by choosing who the income Applies To then enter the annual amount. Enter the start and end year for the income, and then input an inflation rate. Lastly, input the tax classification of the disability income. To ensure the income isn't taxed at all, enter 100% in the Untaxed field.


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