@dmoe54wrote:
I am retired with SS and a small pension. Schwab takes out the tax on my RMD. My understanding (from the forum) is that if I don't allow Schwab to...
You have to understand the difference between tax liability and tax owed. Your tax liability is what the IRS keeps at the end of the year, not counting penalti...
You get the federal income taxes refunded by taking a special tax deduction in the year you make the repayment, or by claiming a credit under IRC 1341 "claim of...
@W16VA
If you are not currently enrolled in Medicare, you can contribute to an HSA (provided you are enrolled in an eligible HDHP and have no "other" medical co...
@ChickenBurger
Because you made the regular withdrawal in 2024, and not 2025, it did not have the opportunity to "clear out" the excess contribution. Look at fo...
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