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Retirement tax questions
Just an update. Looking into this more, it seems that increasing my taxable income by that $60 is bringing my child tax credit down by $50. So my total tax increased by $19 (tax on the $60) + $50 (loss in child tax credit). I guess that $60 put me just above the next $1000 interval on Schedule 8812 to reduce my child tax credit 😕 Does this make sense to others?
‎April 10, 2023
9:52 PM