How to Eliminate or Reduce Social Security Benefit Taxes!
How to Eliminate or Reduce Social Security Benefit Taxes!
In this video I want to discuss 4 simple strategies that can help you eliminate or reduce the taxes on your social security benefits. I also want to discuss how the IRS determines how much of your social security is taxed using a formula called provisional income. We are also going to define what is social security taxable income, traditional retirement income and retirement income strategies that will help lower or eliminate the taxes on your social security benefit.
Time Stamps for Video:
0:00 How to Eliminate or Reduce Social Security Benefit Taxes
1:47 Calculating Social Security Taxes: Traditional Income
2:30 Calculating Social Security Taxes: Provisional Income
3:10 Social Security Benefit Tax Thresholds
3:57 3 Simple Strategies to help you eliminate or reduce the taxes on your social security benefit.
Below is a free book to help you plan your retirement income. Click the link too download.
**Free Retirement Download: The Roadmap to Retirement:** https://yourfinancialekg.com/#download
**To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: https://calendly.com/pearlwealthgroup/discoverycall **