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So far, so high-quality. If a married couple's income is under $32,000 ($25,000 for just a single taxpayer), Social Security benefits are not taxable. If combined wages are between $32,000 and $44,000 (or $25,000 and $34,000 for a lone person), the taxable regarding transfer pricing Social Security equals the lesser of 50 % of Social Security benefits or 50 % of the gap between combined income and $32,000 ($25,000 if single). Up until now, it is not too intricate.
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