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re: Expiration of “Trump” tax cuts
Posted on 5/3/24 at 11:15 am to SulphursFinest
Posted on 5/3/24 at 11:15 am to SulphursFinest
quote:Rates revert to pre-Trump tax cuts. Results in increase in taxes for everyone making $22,000 (married) or higher. I believe this is beginning 2026 so if Biden is re-elected.
Where would you pay the extra $7k. As far as I know it’s the same, and the News is feeding you misinformation
This post was edited on 5/3/24 at 11:16 am
1
Posted on 5/3/24 at 11:45 am to TigerTatorTots
So given this does it ever make sense to direct 100% of a company 401k into the tax deferred plan vs the Roth if it can drop you into the lower bracket?
I’ve always been of the mindset it’s better to pay today’s rates when I have an income vs some unknown future rate 10 years from now when I need to live off my saved funds.
I’ve always been of the mindset it’s better to pay today’s rates when I have an income vs some unknown future rate 10 years from now when I need to live off my saved funds.
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