I think the fact that the 25,000 income not subjective to tax is BS and hasn't been adjusted for inflation since the early 80s when Reagan was president..25,000 was a lot of money in the 80s, it's nothing now... you can barely live off that.
AARP does my taxes every year and they recommend even though you don’t have to file your taxes for a fraud alert that you do your taxes no matter if it’s 15,000 10,000
Federal and state income taxes have different rules..meaning your state may not tax SS, but the Federal government does IF it's over a certain amount..You'd have to use the SS worksheet to figure out if any of your SS is taxable.
@@ulisesdalbertini6373, I don't think your actual social security would be lower, you would just have to pay taxes on your social security, 1/2 of it if you make over 25,000 a year and that would be 12 percent if you make under 45,000 I believe for a single person and if it is more than that you have to pay taxes on 85 percent of your social security and that would probably be at 22 percent.
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Double taxation is bs
I think the fact that the 25,000 income not subjective to tax is BS and hasn't been adjusted for inflation since the early 80s when Reagan was president..25,000 was a lot of money in the 80s, it's nothing now... you can barely live off that.
Thanks for that information. Love your hat!!
AARP does my taxes every year and they recommend even though you don’t have to file your taxes for a fraud alert that you do your taxes no matter if it’s 15,000 10,000
This country is so wrong for making people pay taxes on social security. You wonder why people can’t get ahead
What if 1/2 your SSDI is added to tax exempt Veterans total disability and it comes to more than $25,001? Is there still a tax liability?
My state of Kansas we do not have to pay taxes on Social Security. Does that include federal tax?
I am divorced, but my Social Security adds up to more than half of his which is $1627 a month
Federal and state income taxes have different rules..meaning your state may not tax SS, but the Federal government does IF it's over a certain amount..You'd have to use the SS worksheet to figure out if any of your SS is taxable.
What about the Trump campaign promise of no Federal Taxes on social security?
Girlfriend, what if I get a pension, SS, and VA disability? What will I pay taxes on?
Only pay taxes if you work and have earned income...no work...no taxes
With a pension and 401 would my SS payments be lowered?
@@ulisesdalbertini6373, I don't think your actual social security would be lower, you would just have to pay taxes on your social security, 1/2 of it if you make over 25,000 a year and that would be 12 percent if you make under 45,000 I believe for a single person and if it is more than that you have to pay taxes on 85 percent of your social security and that would probably be at 22 percent.
@@getcrackin6778, you have to count 401 withdrawal as income, I'm pretty sure that counts. Even if you are not working.
Is the 25 thousand and one dollar total income for the year?