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re: 2023 Tax Filing

Posted on 2/6/24 at 1:57 pm to
Posted by Nu Iota Prophet
Texas
Member since Jul 2012
113 posts
Posted on 2/6/24 at 1:57 pm to
You are indeed correct. All things being equal, in your scenario, taxes should be lower. The 7% I speak of in my OP should result favorably on 2023 taxes.

Something else is going on regarding my matter. I'll have to dig deeper.
This post was edited on 2/6/24 at 9:29 pm
Posted by Nu Iota Prophet
Texas
Member since Jul 2012
113 posts
Posted on 2/7/24 at 11:29 am to
Figured it out. New company (started in 2023) software did not seem to capture W4 inputs properly and therefore Fed. Withdrawals were half of what there were in the past.

Note to self to check these things annually.

Thanks @slackster. You pushed me to think differently about this. Appreciate it.
This post was edited on 2/7/24 at 11:38 am
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