Tags » Social Security Tax

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

How to Determine My Federal Income Tax Rate If I'm Self-Employed

Being self-employed means lots of freedoms: you can set your own hours, choose your own projects and be your own boss. But with self-employment comes taking on many responsibilities that many employers cover, like buying your own insurance, setting up a retirement account, and setting aside money for taxes. 393 more words

Self-Employment Tax