How much of your Social Security will be taxed?

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Title	:	How much of your Social Security will be taxed?
Lasting	:	11.32
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Views	:	51 rb

I've watched two of your videos and understand Social Security better than ALL of the other explanations I've heard on YouTube Thank you! I'm a subscriber!
Comment from : April St John

I find the exception of the term "benefit" This is my money that I paid in starting at age 15!
Comment from : darla

So I only pay tax on the portion of my assets i liquidate in the tax year and my tax rate has nothing to do with my total net worth?
Comment from : mason appalachiantrail

Hello, quick question, I am a 62 yo retired Federal employee I get a monthly annuity and have Federal tax taken out of that My wife still works and has Federal tax (10) taken out each paycheck This past year we got a Federal tax refund of over $2k Since I turned 62 two months ago, my SSA Supplement ended Starting this month I will begin receiving my Social Security benefit payment which works out to be about $700 more than my SSA supplement was per month My question is, since my wife and I received a good amount from last years Federal tax return, am I required regardless to have additional Federal tax taken out of my Social Security benefit even if I think we are paying adequate Federal Taxes on our income? Thank you
Comment from : JET

Question: Do the taxes get removed when the checks come out or do we need to save for these taxes and pay with our income tax?
Comment from : Karen Crittenden

How do you figure the provisional income? what a bad deal
Comment from : Brian Kelly

Is social security still taxes as much if you use it to pay medical insurance if you are not old enough to qualify for Medicare?
Comment from : Cris Duran

what does "Provisional" mean?
Comment from : John Osweiler

Do people with decent pensions have any way to reduce the percentage of SS benefits being taxed to below 85 percent?
Comment from : John Selfridge

Subtitle C social security taxes according to the US Treasury Secretary is triggered upon a "privilege" or in layman's terms an excise tax, which the average American making domestic source income does not qualify
Comment from : alphonso eiland

If I've already paid taxes on the money I paid into social security, why do I have to pay taxes again when I get it back?
Comment from : NotMyFault

Thanks for great information I am 65 and my wife is 64 By end of the year I am going to collect my ssi and retire from my job with a pension my ssi would be around $1600+$500 for my wife and $1500 pension How do I calculate if I have to pay taxes?brI live on Georgia brbrThanks as alwaysbrYours,
Comment from : A RB

Awe, was hoping you do CA
Comment from : Yolanda Lopez

Back to the drinking game! Every time he says sochacurity, take a shot
Comment from : Stephen Parsons

Vote out Democrats dummies Duh!
Comment from : James Edwards

Could you mail me the forms to enable me to recieve ssi i dont want to put my info on the internet ive subscribed and have been watch your videos they have cleared things up for me and i thank you very much
Comment from : kevin snyder

So depending were you live will very in taxes
Comment from : Gilles Uzan

Wait, how does the wife have that much benefit? Max she should get is half of his?
Comment from : paul marino

Omg Question live in GA will received my ssn in oct single working for 90,000 Per year my expected amount to received will be $2400,09 How much tax will I be paying back?
Comment from : Divine Reflection

Are you kidding and we can't pass it on like Europe if we die early? This is robbery
Comment from : Luckyduckydaisyflower !

i recive ss $2,57100 l am 66 and still working my anual job in a year is $69,00000 my wife does not work she gets $93200 she is 63 i am in my job on my w-4 am single and put an extra $10000 per pay period how would my situation work thank you
Comment from : Jose Rivera

What if one spouse is strictly civil service retirement and one is minimum social security benefit?
Comment from : Jeannie Staller

What about state tax on SS income?
Comment from : Daniel Zegler

Thank you, Ronald Reagan, for signing into law a tax on social security, putting further strain on Seniors "Government is the problem"? Yeah, and you were part of it
Comment from : Hendo56

Awesome content!!!! I much rather watch these videos than all of the other videos that do not benefit me at allbrThanks Mr Martinsen I truly appreciate you providing information that is help to US ALL Im 53 years old and I was exploring the possibility to retire at 56 but this information is very helpful I have two choices nowcontinue to work until 62 or retire at 56 and move to another country
Comment from : Super Man

The politicians (ron reagan), are taxing the devil out of us!
Comment from : D B

I am very much a beginner in investing In your book, I would like to know the TOC before I buy it
Comment from : Darlene Garcia

I am a house wife for now because I have to take care of my illness husband And I was working from 2000 to July 30 2022 I will be 60 years old in October 10 2023 Right now I can't go back to work anymore because I have to take care of my illness husband Am I Aligibal for the binifit of social security money And when I can apply for it thank you very much Please give me an answer
Comment from : Orn inชอบมากๆค่ะ Stennett

But whether you take money out of your 401 or convert it to a Roth - you still pay taxes So I fail to see how converting is “better?”
Comment from : RN87_MOM94

Very good information! Thank you
Comment from : Joey Socks

Waitfor the Idaho couple first example they had $2000/month in pension income In your second example for that couple you left out the pension income Need to show that example with the pension income included I realize that they'll still pay less tax since they're using Roth for living expenses, but the comparison needs to be apples to apples with their pension income
Comment from : JohnnyOBowling

I would appreciate your advice on the way I am thinking My retirement income puts me in a tax bracket As long as I can pay the taxes on the re-characterization amount, would it be wise just to convert from Traditional to ROTH IRA the amount that keeps me inside that bracket? Is there any truth to the rumors that these brackets are changing this year?
Comment from : EG

A GOOD TIME TO REMIND EVERYBODY THAT THE SENILE CROOKED INEPT MORON IN THE WHITE HOUSE WAS THE RESPONSIBLE FOR TAXING SOCIAL SECURITY OF THE MAJORITY OF HIS VOTERS EITHER DONT WORK OR LIVE OFF THE GOVERNMENT ANYWAYS
Comment from : Miguel Alvarez

What is the name of your book?
Comment from : TPot

Great video!
Comment from : emma martinsen

Great video!
Comment from : Michael

Not sure what Provision income means in these scenarios
Comment from : Sherri

Thanks for the great content You are one of the sharpest dressers on YouTube, by the way
Comment from : David Folts

My understanding, if you live outside the US for 363 days in a year, you don't have to pay income tax brBelize and Costa Rica are on my retirement radar because they don't make you pay taxes if you retire there and your retirement income is from another country
Comment from : Swivelhead Medic

Some of these people are bringing in $6000 in SS and STILL will be taking out $7,000 per month from their IRAs I couldn't spend that much in a month short of fixing up my home even if I tried
Comment from : Joe Wenzel

These examples are great and all but do you have the formula you followed to get these results and can you share it with us so we can figure out for our own personal situation?
Comment from : Joe Wenzel

Two certainty in this world ,death and taxes
Comment from : Jimmy P

A retired person should not pay taxesbrTax all the corporate entities and billionaires who pay nothingbrIt's always on the backs of the little guy
Comment from : TOMMYBOY

Lane fantastic 😊 information!! Love all those different scenarios
Comment from : Retiredmco1199

great content as usualmay i assume that if my monthly ssi payment is 135800 dollars and is my only income and being a single male will not be taxed at all thank you
Comment from : tom crews