Hello dlgladson1,
1. Your mortgage company will usually mail out by January 31st of every year your Mortgage Interest Statement. You will enter that information on the "Deductions and Credits" section of your tax return.
2. Getting a new job changes income that is reported on your tax return. Depending on your combined income from the new job, it may bring you to a different tax bracket.
3. When you say retirement accounts, I will assume a few things:
- If you are receiving retirement income, wage income (W2) along with social security, then your social security can be taxed up to 85%.
- If an early withdrawal was made from a retirement account, it may count towards taxable income and the IRS imposes a 10% penalty for early withdrawal if there are no exceptions.
- If you are making contributions to a Traditional IRA, you may be eligible for a tax deduction. Contribution limits for 2023 are $6,500 or $7500 if you are 50 or older. Limits for 2022 are $6,000 or $7,000 if 50 or older.
