Here’s Exactly How Social Security Gets Taxed скачать в хорошем качестве

Here’s Exactly How Social Security Gets Taxed

Social Security is an important income source for retirees, but understanding how it is taxed can be confusing. Key Takeaways: ➡️ Social security is subject to the same federal taxes as other sources of income, but only a portion of it is included in your taxable income based on your provisional income. ➡️ If Social Security is your primary or sole source of income, you may be in a lower tax bracket, resulting in a smaller percentage of your benefit being taxable. ➡️ Provisional income thresholds are not adjusted for inflation, meaning that over time, more people will have a larger portion of their Social Security benefit subject to taxation. ➡️ While federal taxation rules apply nationwide, not all states tax Social Security benefits. By considering factors such as your provisional income, other sources of income, and state-specific tax laws, you can make informed decisions to optimize your financial situation. Learn the tips & strategies to get the most out of life with your money. Get started today → https://www.rootfinancialpartners.com/ Subscribe to be notified for future videos:    / @rootfp   _ _ For more resources and content, check us out below! 🔔Subscribe to our channel to learn more about all things portfolio management    / @rootfp   🎧 Listen to our podcast https://readyforretirement.buzzsprout... 🧑‍💻 Visit our website https://www.rootfinancialpartners.com to learn more about us 👥 Connect with us on Facebook   / rootfinancialpartners   📷 Connect with us on Instagram   / rootfinancialpartners   🔗 Follow us on LinkedIn   / 18347030   _ _ ⏱ Timestamps ⏱ 0:00 Intro 1:35 Provisional income 3:18 Example 5:18 Key takeaways 7:21 Example 9:50 Varies by state 11:12 Outro Other videos we think you'll like: About Root:    • Financial advisors with heart.   Worried about retirement? Start here:    • Worried About Retirement..Start With ...