In today’s video, we’re discussing how Social Security benefits are taxed! ➡️ Link mentioned in video to calculate if your benefits are taxable: ➡️ Must watch video on what you need to know if you are retiring in 2023: ✅ SUBSCRIBE to NOT being a transaction ever again... ✅ Like us on Facebook! ✅ Follow us on Twitter! ✅ Check out our site for more tips Two big questions we get all the time: Are my Social Security Benefits taxable? If so, by how much? The answer is, “It depends on your income!” Currently if your income is more than the following: $25,000 for an individual or $32,000 for a married couple filing jointly You must pay “federal” income taxes on your Social Security benefits. If your income is less than this, your benefits are not taxed. Note: This applies to all the following: Social Security retirement benefits spousal benefits survivor benefits and Social Security Disability Insurance (SSDI) How much you’ll be taxed is determined by the following: up
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)