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Retirement tax questions
I am talking about TurboTax Deluxe - if on our 1040 form line 6 we have $58,xxx on line 6 why would the taxable amount be less than 50% in this case 25,6xx. I realize it can be taxed up to 85% but don't understand TT using less than 50% as taxable, and can't find any reference or table to where the taxable portion would be less. (AGI 62K)
March 12, 2023
5:11 PM