so i have 3 years to pay off debt, and have some child care money free up. But i have a tax bracket question.
Tell me if this is correct please. I'm married filling jointly im currently in the 22% bracket.
80,000 income - 24,000 deduction standard = 56,000
56,000- 18k 401k for me and 18K 401k for my wife. = 36000 leaves 22,000
22000 - 3000 of hsa contributions = 19000 which leaves me in the 12% bracket so i only pay 12% tax on 19,000 instead on 22% on 19,000
Hope i explained this well enough because that why im asking for guidance as im not sure im doing this correct.