Other Expense - RightCapital Help Center

The 'Other Expense' card can be used as a catch-all to enter any additional expenses into a client plan. These cards give you full control over the amount and duration of the expense, as well as the tax treatment.

Other expenses can be entered into RightCapital within the Expenses section of the Profile (or the Expenses step of the initial data entry process), by clicking Add Expense > Other:

Click on this card to open a data entry drawer on the right side of your screen, allowing you to input the details:

Tax Deductible Expense Options	Description
Taxable	Normal outflows in a financial plan that are funded by after-tax income or liquidating assets. This expense will not reduce the client's AGI.
Miscellaneous itemized deduction	Deductible expenses will be factored into tax calculations after the TCJA sunset in 2025 or immediately when using the 2017 tax law. If using TCJA no sunset tax law, the miscellaneous itemized deductions will not affect taxation within the plan.
W2 deduction	An expense that will reduce clients AGI seen on line 1 of the sample 1040 tax form.
Self-employed health care premium	Self-employed health care expenses are funded pre-tax from self-employment income cards and lower the client's AGI.
Above-the-line deduction	Above-the-line deductions are expenses subtracted from income before the adjusted gross income (AGI) is calculated for tax purposes. These expenses can be factored into tax calculations along with the Standard Deduction.
Above the line deduction - non cash	This option can be used to reflect a tax deduction without impacting cash flow.