XPost: alt.home.repair   
   From: esp@snet.n   
      
   On 2/17/2025 9:32 PM, Lucas McCain wrote:   
      
   >>   
   >> Current annoyance just doing Turbotax is a refund was due me until I   
   >> added SS and now I owe them a bundle.   
   >>   
   >> We paid it as a tax that we would not get back as a benefit if we died   
   >> early.  Now getting it we have to pay a tax on it.   
   >   
   > I'm guessing by adding SS, it pushes you into a higher tax bracket.   
   > Maybe a good tax accountant could point a way to avoid the the tax   
   > penalty.  It seems unfair and creepy.   
   >   
   >   
   Of course it does.  Depends on your situation.  Last year I took very   
   little from my investments so 3/4 of my income is SS benefit, all   
   taxable.  Overall, I paid little tax.   
      
   Previous year I bought a car, this I took much more for income and paid   
   more in taxes.  One benefit in FL is no state income tax.   
      
   I have to take the RMD from two accounts so I will do that soon to be   
   done with it and while it is taxable income, I still won't take much.  I   
   just don't spend much.   
      
   Depending on your wages when working, your SS benefit can vary from   
   about $12k to $45k a year.   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)