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Retirement tax questions
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My suggestion is to focus on your tax bracket in determining the impact of taxes on your income. If you can fill up the bracket without going to a higher bracket. I do not know your tax bracket but here is an example:
Using the above bracket amounts of $40,526 to $86,375. If your adjusted gross income is $50,000, you will not enter a higher tax bracket until you make $36,375 more to fill up the bracket. Do not forget to withdraw your standard deduction amount from your gross income to arrive at your adjusted gross income. |
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‎July 15, 2021
1:37 PM
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