Is there a simple calculator online that will estimate my state & federal income tax assuming the following annual income in retirement:
Taxable Account Dividends = 25k
Inherited TIRA RMD = 30k
Additional TIRA withdrawal = 45k
Total = 100k
The taxable account dividends come from VTSAX and VFWAX so mostly taxable on both state and federal returns. I realize there is some foreign tax credit possible for VFWAX but it can be ignored for my purposes. I just want to get a rough estimate of my tax liability based on the pre-tax income outlined above. I live in California, filing single. I would take the standard deduction.
Taxable Account Dividends = 25k
Inherited TIRA RMD = 30k
Additional TIRA withdrawal = 45k
Total = 100k
The taxable account dividends come from VTSAX and VFWAX so mostly taxable on both state and federal returns. I realize there is some foreign tax credit possible for VFWAX but it can be ignored for my purposes. I just want to get a rough estimate of my tax liability based on the pre-tax income outlined above. I live in California, filing single. I would take the standard deduction.
Statistics: Posted by catchinup — Wed Jul 31, 2024 10:20 pm — Replies 1 — Views 208