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Retirement tax questions
This is possibly a triple hit on her taxes.
- First, she was taxed on the $15,000 capital gain (I'm expecting long term), (often there are no taxes withheld on Capital Gains).
- Then because of that added income, she was taxed on almost the full 85% of Social Security, (which probably had little or nothing withheld)
- Finally, the extra taxable income may have pushed her from the 10% tax bracket to the 12% bracket.
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March 28, 2022
8:54 AM
1,427 Views