Categories: Curiosities

18 Easy Tax Moves That Will Improve Your 2018 Finances

Retired? Coordinate Social Security with IRA and 401(k) withdrawals

Many people don’t realize that Social Security income can be taxable. Add up your income from other sources and then put in half of your Social Security benefits, and if that number is higher than $25,000 for singles or $32,000 for joint filers, you’ll probably owe taxon a portion of your Social Security. To avoid that, timing when you claim Social Security with the taxable withdrawals from retirement accounts like IRAs and 401(k)s can help you keep your overall income under the threshold above which you’ll get taxed.

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

smartlivingtips

Recent Posts

Ways You’re Being Rude Online

These days, we all spend a lot of our lives online. We work online, socialize…

6 years ago

How Much Plastic Are You Consuming?

If you've read reports about plastics showing up in whales and other sea life you…

6 years ago

15 Etiquette Mistakes You Need to Stop Making by Age 40

We're all guilty of making an etiquette mistake from time to time, whether we accidentally…

6 years ago

Small Tweaks to Make Your Thanksgiving Foods Slightly Healthier

Thanksgiving is a special time of year for many Americans. It's the holiday where families…

6 years ago

How To Help Someone You Love Quit Smoking

The number of smokers goes down each year and that’s definitely a good thing. Smoking…

6 years ago

Washington Is the First US State to License Outdoor Preschools

Most toddlers don’t spend their days picking up sticks and chasing centipedes in the forest…

6 years ago