April 29, 2024

Hello Richard.


With the passing of another tax deadline, your focus can shift from deciphering receipts and forms to your long-term financial objectives. Whether your goals involve saving for a dream home, securing retirement, or building an emergency fund, the SKP team can guide you on your journey to financial success. Contact us or call 203-933-1679.

 

Thank you.

 

Rich Pavano, CPA

How Social Security Benefits are Taxed

Are Social Security benefits always free from federal income tax? Unfortunately, that’s often not the case. In fact, depending on how much overall income you have, up to 85% of your benefits could be hit with federal income tax.


While the truth about the federal income tax bite on Social Security benefits may be painful, it’s better to understand it. Read our blog post about the rules for how Social Security benefits are taxed.


Learn More
Stay Current with the SKP Blog

Here are the most recent posts:


What to do with unused 529 college savings?


Filing Taxes Jointly or Separately


Penalty Tax for Early IRA Withdrawals


How the Kiddie Tax Affects Children


Taxes When Retiring to Another State


IRA for Nonworking Spouse



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