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Vacation pay
2 part question: I retired 2022 December
therefore did not work 2023. I received money for accumulated vacation backpay
in early 2023 and accompanying W2 form. Do I enter as normal income or some other option available that might be lower tax rate? And although I did not work my MAGI is over $135k for some reason therefore unable to take advantage of contributing IRA as tax deduction. Why my magi so high when I did not work?
March 13, 2024
6:11 PM