Ask Larry

How Much Can I Make Before Income Taxes Are Extreme?

I turn 70 in July and will begin taking social security. How much income can I make before income taxes are extreme in 2023 and then 2024?

Hi. I'm sorry, but my expertise is limited to Social Security benefits so I'm not able to answer your question. For information about taxation of Social Security benefits, refer to the following Social Security website: https://www.ssa.gov/benefits/retirement/planner/taxes.html.

Best, Jerry

Category: 
Posted: 
Jan 5 2023 - 12:10pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.