11/3/2014 – When is Social Security Taxable? (Nasdaq)

Nov 03, 2014 Comments Off by

In 2014, more than 59 million Americans will receive a total of over $860 billion in Social Security benefits. Given that Social Security taxes on their wage and salary income have gone toward funding the program, many recipients never even think about the possibility that lawmakers might have made Social Security taxable. Yet for an increasing number of beneficiaries, Social Security is taxable, and knowing the rules governing whether you’ll have to pay income tax on your benefits is important in assessing exactly how much after-tax money you’ll have to provide financial support after you retire.

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Financial Landing 2014

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