Friday, November 20, 2020

Strategies to Reduce Taxes on Social Security

Strategies to Reduce Taxes on Social Security

Article Excerpt: "...Say you're married filing jointly and your $42,000 in provisional income includes half of your $12,000 in Social Security benefits. Your provisional income exceeds the $32,000 base amount by $10,000. The amount of benefits that will be included in your taxable income is either half your benefits ($6,000) or..."



Resource: www.kiplinger.com

www.kiplinger.com

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