Tax Question
AccountingHelperHi David.... I was just reading this from AARP... what does it mean? You owe taxes on your Social Security benefit if your "combined" income exceeds a certain amount. Combined income equals your adjusted gross income plus any nontaxable income such as municipal bond interest, minus half of your Social Security benefit. If you include all your Social Security benefit in the calculations, you'll be paying too much.
How can you not include all of your Social Security benefits?
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