I need to be able to estimate my 2025 tax liability so I can understand how much to take as distribution from my IRA, particularly to limit my income to manage taxation on Social Security benefits.
With the many cahanges in this bill, it would seem that Seniors can reduce their AGI with the 'senior bonus'. So it may be possible to increase my ira distribution and still have reasonable taxation of Social Security benefits. But how much?
I have looked at the examples Turbo tax has provided but they do no come close to my situation and they do not address the effect of changes ontaxation of Social Secuty benenets
Turbo tax needs to provide this information asap so Seniors can deide what to do!
