Quote:
Originally Posted by TomPerry
Based on $20,000 of SS income and $15,000 IRA income, wit no other income, you won't have a tax liability.
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Thanks. That seems to be the agreed outcome using all online tax estimators, but other sites say that half my SS would be taxable, for a taxable income of $25K and liability at the 10% level.
I prefer to believe the tax calculators!
I've used H&R Block online since it was introduced and will again this year, but I'm trying to figure out if it's better to withdraw $5K this year and $10K next, or just do the entire $15K next year.