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Retirement tax questions
I played with some of the numbers again and idk how this is possible but if I was to take 10k I'd get a 8740 federal refund and 521 state. 15k 7370 25k 5170 35k 2970 fed refund and owe 1663 to state. I can go up to 39k and get a refund at 50k I'd owe 6729 and owe 2704 to state. This makes absolutely no sense because I'm adding money to my income and before I put any ira info in I owed federal 1200 can anyone make sense of this? This is also using 21 tax brackets as reference since 22 isn't available yet.
‎November 6, 2022
5:07 PM