4 aspects to consider here :
1. W-2 income statement has been received (from vesting RSUs only)
2. Vested RSUs are considered "ordinary income" and NOT a long term investment
3. W-2 shows NO contributions to a 401K
.......based on the above, and ignoring the Retired angle, I've decided to enter into Turbo '24 a Tax Deduction for a soon-to-be-made post-tax deposit into an IRA account I have, and Thank You Turbo Tax for showing me a Tax Refund INCREASE for both Fed and State (NY) taxes.
Thats my story and I'm sticking to it unless strongly challenged by this very smart community of Turbo Tax and general Tax Code experts. Cheers to all (and Tax Deductions in Retirement). 🙂 .
