Do you pay federal income taxes on your Social Security benefits? That may depend on the total of all your income sources including Social Security benefits. There are strategies for decreasing the amount of tax your will have to pay that involve adjusting the timing and amounts you receive from your various income sources.
To explore your options and develop the strategy that is right for you, contact Todd Mershon, CPA by calling (770) 287-7800 or email firstname.lastname@example.org. Stay tuned for more tax tips or follow them on our social media accounts every #TaxTipTuesday!