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Hey Fishes
Can anyone share Mutual Fund schemes in their Portfolio?
I am a newbie and planning to start investing via SIP's in MF ( Around 4-5 SIP's of 10k each)
Thanks in advance.
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It’s also based on AGI. Traditional 401k, IRA, and HSA all directly lower your AGI😃
When you file next year you can check under the recovery rebate credit and see if you qualify since they will use prior year amount to calculate the advance of credit. Filing next year will true up to actual wages for 2021.
Also, TaxAct has a free stimulus line you can call and inquire about for specific questions.
Thank you for the information!!
It’s also a phase out of I think $50 or $100 (forget which) for every $1k you make above the limit.
2020 tax is based on 2020 earnings
Dang