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Retirement tax questions
Okay, so I still am not understanding why when you annualize, the full amount of the social security is figured in the AGI. When you look at the form 1040 the AGI has the taxable portion of the Social Security not the full amount. When you are annualizing the AGI you are saying I have to use the full amount of the Social Security which is what I am saying I don't get. When I have no income other than pension income in the first quarter and last quater why is my social security still figured to be taxed at the full amount. It seems like my AGI should include a lower percentage of taxable social security for those two quarters? Does that make sense?
‎February 22, 2022
7:37 AM