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Forms once retired
After my retirement in late December 2023, my only source of income for 2024 has been a withdrawal from my IRA. In the past, I've only done simple M,F,J taxes (standard deductions) so can we still use just that method?
Great question! Given that your only source of income following your retirement is distribution(s) from your IRA(s), you will likely be able to continue to file your tax return as Married Filing Jointly (as long as you remain eligible to use that filing status) and to benefit from taking the standard deduction.
I hope this helps.
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