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Retirement tax questions
Thank you for your kind reply. I'm still not clear on what I should have withheld for taxes from the IRA distributions. I'm guesstimating next years (2024) income will be approx.$252,000 gross and 7% of that for medical expenses would be $17,640. I understand that we could only deduct the medical expenses over and above $17,640. That would not be an issue. Medical expenses in this facility would be 100% deductible. My husband meets all 3 of the rules. The cost will be approx $132,000 for the year. We are both over 65 and wouldn't have a lot of other deductions probably not more than $5,000. What would be our AGI and tax bracket. Thank you
‎July 26, 2023
4:33 PM