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Retirement tax questions
Hi Criter-3 -- thanks for the reply. Just wanted to double-check your answer that social security does apply toward the income calculation (with a limit of $4300; $358.33/month). I would think the vast majority of the elderly population would be collecting social security. And the average s.s. check is $1666.49/month ($20k/yr). If this were true, it would seem almost no one could claim an elderly parent as a dependent. Does this sound right?
Thanks,
-Marc
‎September 3, 2022
2:13 PM