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Working on a client and figuring out how much IRA contribution we needed to get to the 12% tax bracket. Taxable income for 2025 needs to be under 96,950. 2024 w...
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That is correct. you only get the .5 time no matter how much the OT premium is. So double time must be divided by 4.
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PS is not calculating the Tips Deduction on Schedule 1-A correctly.PS is using the QBI worksheet to limit the Tips deduction to net income AFTER the 1/2 SE tax,...
