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7 Taxes Retirees Must Consider

At incomes from $25,000 to $32,000 for singles and $32,000 to $44,000 for couples, 50% of benefits are subject to taxation – and at higher incomes, 85% of benefits are taxable. Eric Bronnenkant, CFP, CPA, and Betterment Head of Tax notes that “those thresholds haven’t gone anywhere in a really long time … more and more people are having a greater percentage of their Social Security subject to tax.”

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This article originally published July 12th, 2018 on MoneyTips

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