Why is my Social Security getting taxed? Part I
In this series of blogs I'm going to attempt to explain how to minimize your social security taxes. Most seniors can avoid paying higher taxes on social security by simply moving money that you are not using and getting taxed on into something tax differed. If you are single and make less than $25,000.00 a year or married and make less than $32,000 you should not have to pay any taxes on your social security. If you make 25k-34k and single you would pay 50% or 32k-44k and married you would pay 50% taxes. There are other levels and we will touch them over the next couple of weeks. If you have questions or want more info just email me at dustin@capitalcareamerica.com or visit www.annuitynews.net.
Dustin J Weaver ACS PCS AAPA