by Steven J Weil, PhD, EA, LCAM | Sep 27, 2023 | Blog
Getting Close to Collecting Social Security? Here’s some things to consider. 1) Distributions from your IRA or pension will affect how your social security is taxed. Single taxpayers receiving social security can pay tax on as much as 85% of their social security if...
by Steven J Weil, PhD, EA, LCAM | Aug 17, 2023 | Blog, Investments, Personal Tax
Anyone born in 1929 or later needs 10 years of work (40 credits) to be eligible for retirement benefits. The maximum credits that can be earned per year is 4. Credits are earned based on wages as an employee or self-employment income. The amount of earning required...
by Steven J Weil, PhD, EA, LCAM | Mar 22, 2023 | Blog, Personal Tax
Social Security income can be taxed at the federal level and at the state level, depending on your total income and where you live. At the federal level, your Social Security income is subject to taxation if your total income exceeds certain thresholds. The Social...
