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To: mass55th
the deduction is $6,000 for individuals aged 64 and older, and $12,000 for couples.

I’m not totally sure what percent of your SS is taxable. Worst case, you would probably have ~18K of taxable income - taxed at 10%; could be as little as 8K taxable income. Just off the cuff calculations

50 posted on 07/04/2025 8:08:32 AM PDT by 11th_VA
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To: 11th_VA
I’m not totally sure what percent of your SS is taxable.

Seniors will still have to fill out the SS worksheet to find out how much of their SS income is taxable.

53 posted on 07/04/2025 8:22:35 AM PDT by EVO X ( )
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To: 11th_VA

Thanks for the reply. Whatever tax break I get will be appreciated. My taxable social security last year was $23,000. Last year I had 48,000 of taxable income on my return. Tax on that amount was $5,700. I have them take out 15% of my social security for taxes, so I get a refund each year. Last year it was $2,100.


54 posted on 07/04/2025 8:26:23 AM PDT by mass55th (“Courage is being scared to death, but saddling up anyway.” ― John Wayne)
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