Provisional Income & Social Security Tax

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Just Don't Lose The Money Podcast

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Randy and Sam discuss an article in the Motley Fool tells you why you need to keep an eye on your “Provisional Income" in retirement. What is provisional income, and how do you keep your income low enough without having your lifestyle suffer?From the Article:Provisional income represents half of your Social Security benefits, all taxable income and some non-taxable income.Benefits become taxable if provisional income exceeds $25,000 for single people and $32,000 for those who are married and filing jointly.Thresholds are not indexed to inflation.