She retired 3/31/2017 and is no longer earning income. Estimated income this year for us might be 92-95,000 vs app $115 last year. Our other deductions are fairly standard.
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No, that will not reduce your taxes, it will increase them if the 401k/IRA contributions were made with pre-tax money.. What you use an IRA distribution for has no effect on your taxes.
No, that will not reduce your taxes, it will increase them if the 401k/IRA contributions were made with pre-tax money.. What you use an IRA distribution for has no effect on your taxes.
No, assuming that you have earned income and are eligible to make the IRA contribution, the contribution is tax-deductible but the withdrawal is taxable so it's a wash.
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