A Background Of Taxes - Part 1: Difference between revisions

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Revision as of 00:59, 5 February 2025

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So far, so sound. If a married couple's income is under $32,000 ($25,000 regarding any single taxpayer), Social Security benefits are not taxable. If combined income is between $32,000 and $44,000 (or $25,000 and $34,000 for a lone person), the taxable volume Social Security equals the lesser of half of Social Security benefits or 50 % of the difference between combined income and $32,000 ($25,000 if single). Up until now, it's not too intricate.

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