This taxable benefit calculator makes it simple for you to show clients how much of their benefit is taxable. Note that not everyone pays taxes on benefits, but clients who have other income in retirement beyond Social Security will likely pay taxes on their benefit.
If you have clients who earn more than a certain amount from other sources while also collecting Social Security, part of their benefit payment must be added to their taxable income on their tax return. Find out how much with this easy, free calculator.
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