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PoindexterOglethorpe

(28,389 posts)
8. I suggest you spend a few minutes with an accountant.
Sun Apr 27, 2025, 01:01 PM
Apr 2025

There's no one simple way to predict what you will owe. It depends on the source(s) of any other income you have.

For what it's worth, my current income is the highest it has ever been in my seventy-six years. But for 2024 I paid zero state or federal income taxes, because most of the money is from tax-free accounts of some kind, and the rest is below the minimum either the feds or my state care about.

Sometimes there are real advantages to being relatively poor.

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Capital Gains tax question. [View all] multigraincracker Apr 2025 OP
The capital gains calc might help.... walkingman Apr 2025 #1
Just what I needed. multigraincracker Apr 2025 #5
Closer to $20k is my guess. mahatmakanejeeves Apr 2025 #2
You are right that it would be 15% edhopper Apr 2025 #3
Are filing jointly or individually? onenote Apr 2025 #4
That is kind of what I was guessing. multigraincracker Apr 2025 #6
I'm also think our taxable will be under that $96,700. multigraincracker Apr 2025 #7
I suggest you spend a few minutes with an accountant. PoindexterOglethorpe Apr 2025 #8
Latest Discussions»General Discussion»Capital Gains tax questio...»Reply #8