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Retirement tax questions
There are actually TWO different limits that make up the $44k.
The first is $32k, which means that ½ of your SS benefits PLUS certain income PLUS certain adjustments can't be more than $32k to be all non-taxable.
The second in $12k, which is subtracted from the result and 85% of the remainder may be taxable.
Walk through the worksheet below.
June 5, 2019
3:36 PM