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New Member
posted Sep 23, 2024 10:25:48 AM

401k Distribution

My tax circumstances have changed for 2024. Trying to find a way to stay in the 12% bracket and max out a 401k withdraw. Is there some estimator calculator to figure the max amount for 2024? This year, Head of Household, unemployment $6400, SS $15,000, Farm Loss let's say -$5000. Wouldn't mind subscribing to live advice but looks like  it isn't available till December.

Thanks

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3 Replies
Level 15
Sep 23, 2024 11:34:08 AM

This is one of many available online. 

https://www.calculator.net/tax-calculator.html

New Member
Sep 23, 2024 12:34:06 PM

Thank you although this one won't accept a negative number for a business loss.

Level 15
Sep 23, 2024 1:27:22 PM

Subtract your business loss from your anticipated 401-K withdrawal and enter that amount in the calculator.