For 2014 and subsequent years, the individual income tax rate schedules reflect a continuation of the rates in place for 2013. The 2014 individual tax rates are as follows: Tax Rate Income (Single Taxpayer) Income (Married Taxpayers) 10% Up to $9,075 Up to $18,150 15% $9,076 – $36,900 $11,151 – $73,800 25% $36, 901 – […]
Minimizing and Managing Social Security Benefit Taxes This is the third and final article of a three-part series to help married couples maximize the total amount of Social Security benefits they will receive in their lifetimes. How Social Security Benefits Are Taxed The amount that benefits are taxed is determined by how much other earned […]
Maximizing Spousal and Survival Benefits This is the second article of a three-part series to help married couples maximize the total amount of Social Security benefits they will receive in their lifetimes. The Basics of Spousal Benefits Coordinating spousal benefits is one of the most complicated areas of successful Social Security benefits planning. Overlooking the […]
Calculating Your Benefits and Deciding When to Apply This is the first article of a three-part series to help married couples maximize the total amount of Social Security benefits they will receive in their lifetimes. Why focus on maximizing Social Security benefits? Doing a little thoughtful planning now will lead to more immediate income, higher […]