- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
There is no elderly tax exemption. You pay income tax if your taxable income is more than your standard deductions. Also, you always pay self-employment tax (15%, social security and medicare) on money earned from working (performing a service or providing goods), even if you are also collecting social security.
Also, as your taxable income rises, part of your social security will become taxable.
‎February 17, 2022
7:32 AM
4,338 Views