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Tax brackets and taxable retirement accounts
I want to take distributions from my investment account (not Roth IRA), and want to determine the maximum I can take without getting bumped into the next tax bracket. I am in the 12% bracket based on my income, which is a combination of social security income and a pension.
What figure on my tax return do I use? Is it my adjusted gross income, or my taxable income?
‎June 26, 2024
9:21 AM