You might think that collecting your Social Security benefits is a no-brainer. But you couldn’t be more mistaken. The truth is, you have to carefully plan your benefit collections or lose a huge chunk of money in taxes.
Want to learn how to safe-guard your Social Security benefits from taxes and recapture? Read this important new article called Tax Tips to Save Your Social Security Benefits.
Three ways our fact-filled article can help you:
- We’ll explain the dreaded 96.14% tax. Are you collecting or about to collect Social Security benefits before you reach the full retirement age of 66? Are you going to have business income while collecting Social Security? If you said “yes” to both questions, you could pay taxes equal to 96.14 percent on your Social Security benefits. We’ll explain what you can do about this when you read the full article.
- Learn about income tax on Social Security benefits. To determine whether your Social Security benefits are subject to income taxes, you first have to find your “inclusion category,” which tells you how much of your Social Security is subject to the income tax. We’ll explain it all when you read the full article.
- We’ll show you how to use a C Corporation to avoid the taxes. we’ll outline six specific ways a C Corporation can help you when you read the full article.