Josh Scandlen Podcast

Social Security taxation is one of my all-time pet peeves. Primarily this annoys me because by the time the taxes are felt, it's too late for the taxpayer to do anything about it. At that point, it's just a matter of hoping they have enough resources to pay the tax-man and live comfortably. In this video, I show you an article from Money magazine where in passing a tax pro mentioned how tax-exempt benefits are taxed when it comes to your Social Security. Unfortunately, this mention was made in passing and  I imagine most people would overlook it.  He said that tax-exempt interest is counted in your combined income to determine the amount of taxes you pay on Social Security.  But the writer of the article completely failed to discuss in any further detail, as is typical with business writers.  They seem to over-look what should be obvious and thus fail to ask the fundamental question "You mean to tell me, my tax-exempt interest can make my Social Security subject to taxation?"