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Thread: Tax Bracket Question
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Old 09-16-2024, 07:45 PM
CoachKandSportsguy CoachKandSportsguy is offline
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Quote:
Originally Posted by Bill14564 View Post
Focus on the question that was asked. The OP asked about results obtained from HR Block software regarding his marginal tax rate and overall tax burden. It is too early to consider 2024 when answering the question that was asked. 2024 overall tax burden cannot yet be determined and the HR Block software for 2024 is not available yet. It is too early for the answer to that question to have anything to do with 2024 tax brackets.

The discussion about IRMAA, RMD, Roth, 2024 tax brackets, and 2026 payments is interesting but not applicable to the question being answered.
Maybe, if the person was using the software to figure out if he needed to send in additional taxes because his withholding was too low, then it's appropriate using even 2023 tax tables. If there is a large gap, there are small penalties. Otherwise I agree.