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2. 7 Things Retirees Need To Know About Filing Income Tax ... - AOL

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   Social Security Income is Taxable. “Up to 85% of your Social Security benefit might be included in your taxable income,” said Justin Pritchard, CFP at Approach Financial, Inc. “That’s a ...

3. Why Social Security Is Key To Your Tax Strategy if ... - AOL

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   Up to half of your Social Security benefits might be taxable if your provisional income is $25,000 to $34,000 for single filers, or $32,000 to $44,000 for joint filers. Anything above those income ...

4. Retirees Often Overlook These 11 Tax Deductions - AOL

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   Between $25,000 and $34,000, there are also significant reductions in federal income tax. 10. Credit for the Elderly or the Disabled. The Credit for the Elderly or the Disabled provides a tax ...

5. A Social Security "Tax Torpedo" Could Be Headed Your ... - AOL

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   This situation means applying your top marginal tax rate (22%) to 85% of your Social Security benefit ($12,750). So, your tax burden from Social Security is a $2,805 expense. If your combined ...

6. Will I Have to Pay Taxes on My Social Security Income? - AOL

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   However, you will never pay taxes on more than 85% of your Social Security income. If you file as an individual with a total income that's less than $25,000, you won't have to pay taxes on your ...

7. Social Security benefits may be taxable - AOL

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   You could have to pay taxes on 50% of your Social Security benefits if the total income for an individual, including pensions, wages, dividends and capital gains plus Social Security benefits ...

8. Do retirees need to file a tax return this year? Savvy ... - AOL

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   You’ll also need to file if you’re receiving Social Security benefits, and one-half of your benefits, plus your other gross income and any tax-exempt interest exceeds $25,000, or $32,000 if ...

9. Are Social Security Survivor Benefits Taxable? - AOL

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   The taxability of survivor benefits hinges on the recipient’s income level. If their adjusted gross income (AGI), nontaxable interest and 50% of their Social Security benefits add up to more ...