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Retirement tax questions
I have read that depending on your income and a number of factors, you could have 50% of your total Social Security Income taxed, or it could be as high as 85% taxed. Is it a sliding scale such that it could be a percentage between 50% and 85%? If I look at my 1040-SR that TurboTax created for me and divide box 6b by box 6a, I come out to a little over 55%. Can that be correct?
March 5, 2022
12:59 PM