How can I avoid paying taxes on Social Security?

How can I avoid paying taxes on Social Security?

Introduction If you exceed the income threshold for your filing status, then you’ll be required to file a tax return. This means that your Social Security benefits may be subject to federal and possibly state income tax.  Keep in mind, though, that there are ways to legally minimize or eliminate tax liability for your Social…

Some homeowners’ tax refund may be bigger this year

Some homeowners’ tax refund may be bigger this year

Introduction If you’re like most people, you want the biggest tax refund possible, and if you’re a homeowner, you could be in for a bigger refund than you initially expected. Here are three homeowner-related tax deductions that could considerably boost your return:  The mortgage interest deduction If you have a mortgage on your home, you…

At what age is Social Security no longer taxed?

At what age is Social Security no longer taxed?

Introduction While you may have heard at some point that Social Security is no longer taxable after 70 or some other age, this isn’t the case. In reality, Social Security is taxed at any age if your income exceeds a certain level. At what age is Social Security not taxable? Social Security can potentially be subject…