Does nontaxable regular Social Security count towards MAGI for IRMAA purposes? I believe it does not.
Running FTUSA and HRB side by side. I notice in HRB, my wife and I (filing joint) get a $4,000 credit due to excess Social Security withholdings having both been employed and making more than $168,600 combined. A quick Google search shows this quote from TurboTax: For tax year 2024, you'll have excess Social Security…
I am recently retired. I receive Annually approximately $23,000 in Social Security, and a Small Pension of approximately $12,000. I want to take money from an IRA account that I set up after transferring funds from my 401k plan. I am single and plan to take the Standard Deduction Exemption on my taxes. What is the maximum…
I do not get a W2 or 1099.
When is my Social Security taxable?
Are president elect Trumps no tax on Social security going to be implemented in the tax year 2024?
I just completed filing my 2022 Federal and State Tax Return. I created an IRS account and ID.me account in the process of filing my taxes with FreeTaxUSA. I got an email quoting, "we found another FreeTaxUSA account that was set up using your Social Security Number." I never created another account but it seemed like a…
I've had to pay Estimated Tax Payments for years, since I have SSDI and rental income. I do not have a job, or W-2 forms. It's always been difficult to properly estimate the amount of Estimated Taxes I have to pay, as well as paying on time, quarterly. Can I use a W-4 form to withhold taxes, so I wouldn't have to pay…
I've received SSDI for a number of years now. I have a small rental home, and monthly rental income from it. I live with my parents, who are seniors, and the income is shared with them. But I file taxes separately from my parents, who are married. Is my SSDI taxable? I see it's taxable if total income is over a certain…
I heard there were substantial changes made in the way Minnesota will tax SS income. Can anyone clarify?
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