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Retirement tax questions
1) Depends on how much you reduced the income by, as the 22% is only applied to the income above a certain level.
2) If you have self-employment income...then it depends on what kind of income you changed. The SE tax only changes when your net profit changes.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 23, 2021
12:43 PM