✔️ your check

1989

Well-Known Member
Yea, I'm pretty much at the limit too. The wife got some really big bonus checks this year.

You give stimulus to us and we invest it back into the economy or we hire some folk to do work. Nothing grows the economy more than that.
You could start a business and hire some employees.
 

542thruNthru

Well-Known Member
Im sure @542thruNthru will enjoy a fresh pack of crayons
f9f16188f1902738-clue-gif-find-share-on-giphy.gif
 

Babagounj

Strength through joy
You can spread your tax bill for the withdrawal over 3 years.
Not possible. every year I took some from my 401K.
First it was for paying bills, then for getting some toys and paying down the mortgage almost $200K during the last 5 years.
Hopefully this year I will not have to do it again.
 

Babagounj

Strength through joy
So we worked 8 plus weeks massive overtime so no check for us. Over $150k is rich?
Best to drop all ot 2 year prior to joining Medicare.
They look back two years of income to set the rate for your current bill. { 2019 reported income = 2021 rates }
 

govols019

You smell that?
Not possible. every year I took some from my 401K.
First it was for paying bills, then for getting some toys and paying down the mortgage almost $200K during the last 5 years.
Hopefully this year I will not have to do it again.

If your withdrawal in 2020 was in any way Covid-19 related....you can spread the withdrawal amount over 3 years for tax purposes.
 

Babagounj

Strength through joy
If your withdrawal in 2020 was in any way Covid-19 related....you can spread the withdrawal amount over 3 years for tax purposes.
Thanks but taxes already done for 2020.
Probably the last year that I will receive both Federal & State refunds.
Turn 66 and SS kicks in , pushing me into a higher tax bracket.
 

vantexan

Well-Known Member
Thanks but taxes already done for 2020.
Probably the last year that I will receive both Federal & State refunds.
Turn 66 and SS kicks in , pushing me into a higher tax bracket.
Pretty certain SS doesn't affect your income tax if you're taking it at your full retirement age.
 
Top