Brittany B. asked
I am 71.8 years old and withdrew my Thrift Savings Plan money in 2015, paying 20% tax on it. I have income from a federal pension, state pension, and Social Security, which is also taxed. I owe $5328 more in income tax. Is there anything I can do to reduce my tax debt, such as contributing to an IRA, given that I am married filing separately?
October 13th, 2023
Carol H. answered
If you are not currently working, you cannot contribute to an IRA as you need earned income to do so...
October 13th, 2023
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