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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 11136
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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I'm 74 yrs old and retired. I make approximately 50 k per yr

Customer Question

My name is***** 74 yrs old and retired. I make approximately 50 k per yr now. My question is if I make an additional 11k this year how will that affect my year end taxes to be paid.
Submitted: 6 months ago.
Category: Tax
Expert:  Lane replied 6 months ago.

Hi Otis. My name's Lane. I can help here.

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First can you tell me (1) How you file (married filing jointly, single, etc) and (2) whether or not you itemizes on your taxes.

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I'll need both to calculate how MUCH of your social security is taxable which will then let me calculate the taxes

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Let me know... I'll be here

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Lane