I'm at the tail end of my divorce and I'm expecting to receive about $200,000 for my half of the home equity payout in a few months. This is likely NOT coming in the form of a QDRO. I believe it will just be funds that my spouse will pay me directly.
With that, assuming the details below, can someone who's more tax savvy help me roughly estimate what I might have left over after taxes are paid? This is important for me to figure out because I intend to use the most of the funds for a house down payment.
Tax filing status: Single
W2 income: 125K
State income tax rate: 5.5%
Is any additional information needed for a more accurate result?
With that, assuming the details below, can someone who's more tax savvy help me roughly estimate what I might have left over after taxes are paid? This is important for me to figure out because I intend to use the most of the funds for a house down payment.
Tax filing status: Single
W2 income: 125K
State income tax rate: 5.5%
Is any additional information needed for a more accurate result?
Statistics: Posted by OatmealAddict — Mon Jan 06, 2025 12:04 pm