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Retirement tax questions
Wages from a W-2 and interest income are both considered ordinary income. You can see your tax rates below; it depends on your total taxable income (wages + interest) and your filing status.
Select your filing status below to see what tax bracket you're in and the formula for your 2023 federal income taxes. These formulas apply to taxable (not gross) income and don't factor in tax credits, such as the Earned Income Tax Credit or the Child Tax Credit. You will see a chart that I believe answers your question, if not, please reply.
Single
Head of Household
Married Filing Jointly and Surviving Spouse
Married Filing Separately
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‎February 6, 2024
6:00 PM
1,222 Views