Post #788 by Engr27 on the Retirement Investing board

Personal Finance Topics / Retirement Investing

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For Married filing jointly (both over 65):

$31500
  3200    2 x 1600
 12000    2 x 6000 Phases out starting at $150k MAGI
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$46700

This seems unbelievably high.

Is the $6000 per person the same as "no tax on social security?"

The other $1600 per person is what exactly?

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{{ Is the $6000 per person the same as "no tax on social security?" }}

No. The Big Beautiful Bill added the $6,000 extra deduction for seniors, but the taxation of Social Security benefits remains the same.

intercst

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