Issue link: https://info.seic.com/i/1499994
2022 - - Tax Report 1/4 KEY FIGURES Total Income: AGI: Deductions: Taxable Income: Total Tax: $174,215 $174,215 $24,951 $149,247 $26,358 Filing Status: Marginal Rate: Average Rate: 2023 Safe Harbor: Tax Exempt Pct. of Total Interest: Single 24.0% 15.1% $28,994 91.0% Tax Exempt Interest: Qualified/Ordinary Dividends: ST/LT Capital Gains: Carryforward Loss: $4,578 $14,436 / $20,412 ($17,445) / $39,637 $0 MARGINAL TAX BRACKET INFORMATION The marginal tax rate for your ordinary income is as follows: The marginal tax rate for your capital gains and qualified dividends income is as follows: Marginal Rate Ordinary Income Threshold 10.0% $0 to $10,275 12.0% $10,275 to $41,775 22.0% $41,775 to $89,075 24.0% $89,075 to $170,050 You: $112,619 32.0% $170,050 to $215,950 35.0% $215,950 to $539,900 37.0% $539,900 and above. Marginal Rate Taxable Income Threshold Qualified Income ($36,628 Total) 0.0% $0 $0 15.0% $41,675 You: $149,247 $36,628 20.0% $459,750 $0 MODIFIED ADJUSTED GROSS INCOME TIERS Planning Opportunity Limits Over/Under? Net Investment Income Tax $200k Under Coverdell ESA $95k - $110k Over Roth IRA Contribution $129k - $144k Over Lifetime Learning Credit $80k - $90k Over Student Loan Interest Deduction $70k - $85k Over American Opportunity Credit $80k - $90k Over Child Tax Credit $200k - $240k Under Qualified Adoption Expenses Credit $223k - $263k Under Saver's Credit $21k - $34k Over IRA Contribution Deductibility - Covered by Qualified Plan $68k - $78k Over ITEMIZED DEDUCTION SUMMARY Total Itemized Deductions: $24,951 vs. Standard Deduction of $12,950 Deduction Amount Claimed Health Care Expenses $0 Taxes Paid $10,709 Mortgage and Investment Interest Expense $5,773 Charity $8,469 TOTAL $24,951 2022 TAX REPORT - - Sample for illustrative purposes only.