Video of the Month: Social Security Taxation – Step By Step
Some people are surprised to learn that Social Security benefits can be taxed.
In fact, you can be taxed on up to 85% of your Social Security benefit, and most people will pay at least some tax.
The amount of your benefits that are taxed depends on your filing status and your income, and the quick video below from SocialSecurityIntelligence.com explains how to determine your taxation level, along with a helpful case study to illustrate the calculation.
Got questions? We specialize in helping people plan properly and choose the right strategies to maximize your Social Security benefits. Contact us today for a FREE initial strategy session!