The $22,924 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security
Social Security is subject tofederal income taxwhen combined income is greater than certain thresholds. Combined income equalsadjusted gross income(AGI) plus nontaxable interest plus one-half of Social Security income. The chart below details the taxable portion of benefits at different combined income...
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1099-OID: Original Issue DiscountWhen you hold bonds or certificates of deposit (CDs) that were issued at an amount less than the face value, you typically recognize as income a portion of this discount each year until the bond is redeemed or it reaches its full matured value. Form 1099-O...
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A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company with...
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It's never a good idea to count on unpredictable sources of income. This may be the year that your company is unable to give you a raise (or as much of a raise as you hope for). The same is true of bonus money.Tax refundsare more reliable, but this depends in part on how good...