Reported about 1 year ago
Many retirees plan to earn extra income to supplement their retirement spending and wonder how much they can make without triggering taxes. The answer depends on various factors, like Social Security benefits and other income sources. Understanding the tax rules can help retirees avoid surprises at tax time. Taxation on Social Security benefits depends on income levels, and there are exceptions for certain states. Additionally, retirees may be able to stop filing taxes altogether under specific income thresholds depending on their filing status and age. Consulting a financial advisor can provide guidance on tax planning during retirement.
Source: YAHOO