12/15/2022 How Social Security Benefits Taxation and IRMAA Raise Marginal Tax Rates in Retirement – Greg Geisler – Live Webinar

“How Social Security Benefits Taxation and IRMAA Raise Marginal Tax Rates in Retirement “
by Greg Geisler, PhD , CPA, Clinical Professor of tax accounting at Indiana University-Bloomington.
Webinar – Thursday, December 15, 2022, 2 – 3 PM EST

For moderate income taxpayers, 10 million tax returns show up to 85% of Social Security Benefits (SSBs) are taxed (i.e., included in income). Such taxpayers are in the SSBs Tax Torpedo. As the amount of SSBs taxed climbs towards 85%, their effective federal tax rate shoots up to 49.95% if they have long-term capital gain and dividend income. If they don’t have such types of income, it shoots up to [read more …]

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