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Retirement tax questions
Capital gains and Social Security benefit taxes have a circular relationship. In other words, if your capital gains and income from other sources is low enough, your Social Security benefits may not be taxable. That, in turn, will lower your taxable income and can impact and decrease the tax rate you pay on capital gains.
Social Security may be taxable - source:
https://turbotax.intuit.com/tax-tips/retirement/tax-tips-for-retirement/L4s2HEzIK
Free TurboTax Tools: https://turbotax.intuit.com/tax-tools/
Capital Gains Calculator for 2021:
https://blog.turbotax.intuit.com/income-and-investments/capital-gains-tax-calculator-48615/
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‎July 15, 2021
5:02 PM