Retirement: How To Lower Taxes on Social Security Benefits

16 Aug

By Jeff Tintle
/ Accounting, Blog, Retirement, Tax, Wealth
/ Tags: 401(k), ATA Financial, deductions, financial goals, IRAs, retirement, Roth, social security, tax

Many retirees are surprised to discover that as much as 85% of their Social Security benefits could be taxable. It all depends on their amount of provisional income, which includes half of their Social Security benefits plus other sources that contribute to adjusted gross income (AGI), such as wages, dividends, and capital gains.

Here are a few suggestions from Kiplinger’s Money Power for trimming a potential tax bite.

https://tribunecontentagency.com/article/retirement-how-to-lower-taxes-on-social-security-benefits/