Solved: Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

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If they have no taxable income after subtracting their standard or itemized deductions and exemptions from their AGI, their effective tax rate would be 0%.

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If they have no taxable income after subtracting their standard or itemized deductions and exemptions from their AGI, their effective tax rate would be 0%.

If over 55 you have a cap of 24K when combined with other retirement income. You effective lose the military retirement deduction if you have other retirement such as Social Security. Colorado is tricky. I had to go to a REAL tax advisor to get this.,

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Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

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Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

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Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

Parents retired and have some IRA withdrawls. Can They have 0% effective tax rate?

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