A Very Good Taxes - Part 1: Difference between revisions

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Latest revision as of 02:52, 21 September 2024

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So far, so proper. If a married couple's income is under $32,000 ($25,000 for the single taxpayer), Social Security benefits aren't taxable. If combined wages are between $32,000 and $44,000 (or $25,000 and $34,000 for you person), the taxable quantity of Social Security equals the lesser of 50 % of Social Security benefits or half of the main between combined income and $32,000 ($25,000 if single). Up until now, it's not too hard.

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