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k_m_b_13
New Member

How do I figure out my tax bracket for 2020 so I can apply my IRA money to a down payment on a home loan?

Need to know the taxes taken out for when I file my taxes in 2021.
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1 Reply
CatinaT1
Employee Tax Expert

How do I figure out my tax bracket for 2020 so I can apply my IRA money to a down payment on a home loan?

Your tax bracket is figured based on your total taxable income for the tax year.  Not only your IRA distribution amount, but all other taxable income you receive for the year.

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