Tags » Social Security Tax

How Social Security Income is Taxed

When you’re planning your retirement, you have look at all of your income streams during retirement and the living expenses you’ll be expecting. You should also be checking on the taxes you’re expected to pay, specifically taxes on your Social Security income. 258 more words

Income And Investments

Self Employment Taxes – How Much are They and What Do They Include?

You may have heard of self-employment tax and wondered if, and when, it might apply to you.

The self-employment tax isn’t complicated: it’s a tax that is a combination of Social Security and Medicare taxes. 351 more words


Real Talk Series: I’m Planning on Retiring This Year. What Should I do to Prepare for Next Tax Season?

Congratulations on your decision to retire this year! I’m sure you have worked hard and deserve to enjoy this new chapter in your life.

I’m so glad you asked this question, because whether you decide to travel, relax, or consult on the side in your retirement, there are a few things you need to consider as you prepare for next tax season: 657 more words

Tax Planning

Are Your Social Security Payments Taxable?

They may be. The IRS’s rules for taxing Social Security benefits could require some studying on your part.

If you’ve received Social Security benefits for more than a year, you probably already know the answer to this question. 513 more words

Solution to the Social Security Shortfall

What is the maximum amount you pay into Social Security?

When you have wages or self-employment income that is covered by Social Security, you pay Social Security taxes each year up to a maximum amount that is set by law. 373 more words

Dr. Robert Owens