” “qualified” individuals (those who were negatively affected by covid, either due to illness or income) to declare up to $100,000 of 2020 pension/IRA payments to be “covid disaster payments” such that taxes of that amount are spread out over 2020,2021 & 2022, with 1/3 of the declared amount taxed in each of those three years,”
That change was in there about a month ago.
It’s a trap, of course, since the democrats are going to raise taxes and tax the deferred amounts at 2021 and 2020 rates instead of at Trump rates.
“It’s a trap, of course, since the democrats are going to raise taxes and tax the deferred amounts at 2021 and 2020 rates instead of at Trump rates.”
definitely ... probably shouldn’t defer anything that would be taxed in the 2020 12% bracket that might wind up in the 21% bracket in 2021 or 2022 ...