Will The New Bill Affect SS Taxes?
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Will the new tax bill affect how Social Security is taxed?
Currently if a couples
"Combined Income"
Your adjusted gross income
+ Nontaxable interest
+ ½ of your Social Security benefits
= Your “combined income”> $32,000 50% of SS is taxed > $44,000 85% of SS is taxed**Has the new tax bill affected this?
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I searched on “Social Security” in the 1097 page tax bill and found nothing addressing this.
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Very interested in any additional info on this as both my husband and I are now on SS, income of about $28,800/year total, and will be taking the standard deduction.
