Retirement tax questions


@VolvoGirl wrote:

@Opus 17   What formula is 6,000?


Half their social security is $5000, plus the lottery winnings of $1000=$6000.  Since that is less than $25,000 or $32,000, their social security will not be taxable.  In addition, the $1000 is not taxable since it is less than the standard deduction, as long as they don't have other income, and aren't filing MFS.