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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.
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‎February 10, 2025
1:37 PM