a2h
Level 1

First year of retirement

1. Are there any special tax provisions in the first year of retirement to allow for the transition from income to social ss benefit regarding the income brackets?

 

2. There is language in some social security docs state that benefits "may" be taxed.   Under what circumstances are social security benefits NOT taxed or not subject to the income limitations?

 

3. If you are retiring early, I understand only wages and income are included in adjusted gross income not dividends etc?  Is this so and  does Turbo Tax include that in its calculation of adjusted gross income?