The IRS categorizes the IRA deduction as an above-the-line deduction, meaning you can take it regardless of whether you itemize or claim the standard deduction. This deduction reduces your taxable income for the year, which ultimately reduces the amount of income tax you pay.
About 40% of people who get Social Security must pay federal income taxes on their benefits. This usually happens if you have other substantial income in addition to your benefits. Substantial income includes wages, earnings from self-employment, interest, dividends, and other taxable income that must be reported on your tax return.
You will pay tax on your Social Security benefits based on Internal Revenue Service (IRS) rules if you:
File a federal tax return as an "individual" and your combined income*is Between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits. More than $34,000, up to 85% of your benefits may be taxable. File a joint return, and you and your spouse have a combined income*that is Between $32,000 and $44,000, you may have to pay income tax on up to 50% of your benefits. More than $44,000, up to 85% of your benefits may be taxable.
这几天看了一些关于退休和税务的书，有一些领悟，从税务的角度做了一个简单的表格。
表格是基于2023年和2024年已有的IRA tax数据，为简单起见，假设以后每年的税率一样，Tax bracket limit增长也一样，那么等到72岁开始触动RMD的时候有可能出现的税务情况。也许税务policy会有很大的改动，不过这不是我们所能控制的。
以2045年满72岁开始提取tax deffered accounts上面的钱作为例子说明。
假设2045年IRA standard tax deduction 为60,700. 当你从IRA上提取的钱不超过这个数字的时候交的税为零，根据IRA要求的最低4%的比例提取，你需要的IRA账户上的总额为1,517, 500。
提取超过这个数字，就要被视作当年的income 开始交税。再加上一般账户里股票投资收益、房租收入等等，要根据总收入的不同按照其他的税率来交税，而且也会严重影响SSN的税。
结果是，如果想尽量在72岁以后交最少的税，只留1,517,500在退休账户上即可。
我不是学财务的，理解难免有误，欢迎各位财务和税务专家赐教指正。
The IRS categorizes the IRA deduction as an above-the-line deduction, meaning you can take it regardless of whether you itemize or claim the standard deduction. This deduction reduces your taxable income for the year, which ultimately reduces the amount of income tax you pay.
仅仅这个就可能够抵消standard deduction了。IRA distribution就看落入那个tax bracket了。
https://www.ssa.gov/benefits/retirement/planner/taxes.html
About 40% of people who get Social Security must pay federal income taxes on their benefits. This usually happens if you have other substantial income in addition to your benefits. Substantial income includes wages, earnings from self-employment, interest, dividends, and other taxable income that must be reported on your tax return.
You will pay tax on your Social Security benefits based on Internal Revenue Service (IRS) rules if you:
File a federal tax return as an "individual" and your combined income*is Between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits. More than $34,000, up to 85% of your benefits may be taxable. File a joint return, and you and your spouse have a combined income*that is Between $32,000 and $44,000, you may have to pay income tax on up to 50% of your benefits. More than $44,000, up to 85% of your benefits may be taxable.