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How does no tax on tips and overtime affect retirement monthly payments?
Does the income earned from Tips and Overtime that is now not taxed have any affect when the person retires and starts collecting monthly Social Security payments? Are all monies earned still added to the annual S.S. statement or is the money earned on a W2 without paying taxes on it not added to the S.S. statement thereby lowering the amount earned each year for Social Security purposes?
Wednesday