Core Standard Feature Enhancements
are changes or additions to the standard platform implemented automatically for all institutions. 
Morningstar Investment Proposal Tool US Federal Tax Code Updates - Feb. 22, 2024
Advisor Workstation / Planning
Originally posted Jan. 9, 2024
The U.S. federal tax code, particularly for deductions, exemptions, federal tax rates, and income tax brackets is changing in 2024. Morningstar will update the assumptions reflected in the Wealth Forecast Engine of the Investment Proposal tool in Standard, Quick, and Advanced Wealth Forecast and RegBI workflows to keep pace with this change on Feb. 22, 2024. The Wealth Forecast Engine will also reflect changes to contributions, and the social security law as applicable. No client action is needed as these updates will be automatically applied to the Investment Proposal Tool. If you have any further questions or needs on this update, please go to Help > Contact Us > to contact your dedicated Support Team.