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Retirement tax questions
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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