rumorconsumer
Returning Member

EE bonds cashed, just wanting a sanity check on tax rate

Quick sanity check

 

Im single.

 

I make about $65k per year.

 

I cashed $23k of EE bonds this year. 

 

Taxes appear to be about $5200 on $23,000. The $23k bonds puts my income at around $88k.


I have a $3k capital loss carryover from a failed business if that matters. But that $5200 is the tax it wants me to pay when changing the only variable of the 1099 income from the bonds.