Tuesday, December 27, 2022

Will Social Security be taxed when I retire?

Title: Will Social Security be taxed when I retire?

Article Snip: "...When you’re calculating taxes, you must include in income a portion of your Social Security benefits depending on your income, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown. ...The `base amount’ for a single person is $25,000 and for a married couple filing jointly it is $32,000,” Kiely said."

Reference: www.nj.com
Social Security Benefits,Taxes on Social Security,


No comments:

Post a Comment