How Will The Profit From Selling Our Home Affect Our Social Security Benefits And Medicare Premiums?
Hello,
I turned 65 1/11/2023 My husband turns 65, March 16th, 2024. He wants to retire at 65, ii may or may not wait till my FRD of 66 and 8 months. We are selling a 2nd home this year and will be hit with Capital gains tax. How will the profit of the home or capital gains tax affect the calculations of ssi when we retire next year? Will this also affect how much we are charged for Medicare?
Thank you,
Donna