taxation of benefits
Subtle Missteps That Can Lead to You Short-Changing Yourself on the Benefits Front
Even today, it’s surprising that many folks still are not fully aware of some of the very basic aspects that govern the amount of benefit they will be able to draw from Social Security. For example, our AMAC Foundation Social…
It’s Tax Season–And Social Security Taxation is Again in the Picture
The fact that Social Security benefits may be subject to federal income tax comes as a surprise to many first-year beneficiaries, and it’s certainly not a pleasant surprise. The taxation of benefits is a net that is capturing more and…
More Thoughts on the Taxable Maximum and its Role in the Solvency Problem
Through the years, the issue of raising–or eliminating–the maximum amount of earnings subject to the Social Security payroll tax, the 12.4% assessment levied on payroll income up to the limit set each year, has repeatedly surfaced as a solution to…
A quick look at some Social Security basics
In a recorded article posted at dlshowonline.com, The David Lukas Show presents a discussion on a series of five basic Social Security rules that everyone needs to know when applying for benefits. From taxation of benefits to coordinating of spousal benefits, the 48 minute…