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Advice of Fulfilling the Publication 915 2017 2019 Form

how's it going everybody we have a.social security Taxation video for you.guys today a very common question I get.on the channel is Mike how much money.can I make.before my social security income starts.to become taxed? We're gonna address that.question here today and also we're gonna.look at some of the other things I think.you should know about when it comes to.Social Security benefits and Taxation I.want you guys to think of this video as.part one of a two-part series so in this.video we're gonna cover a few of the.basic rules and then in part two to this.series we're gonna look at a detailed.spreadsheet on-screen and I'm gonna show.you step-by-step how you can calculate.how much of your social security income.is subject to tax but we're gonna do.that in the next video because I hope to.keep this one as short as possible.whenever I produce a video on Social.Security I typically get comments in the.comments section where somebody is.raging about how the government has.mishandled the funds for Social Security.how it's gonna go bankrupt by 2033 I.totally get it.I totally get where you're coming from.so if at any point you want to you know.if it makes you feel better to drop.those kind of comments down below in the.comment section go ahead I think the.good place to start here when it comes.to Social Security benefits and taxation.is to know it's not really as much about.how much Social Security benefit income.you receive for the year as it is your.total combined income from other sources.that will impact the taxation of your.Social Security benefits that's the.bigger picture here it's it's more it's.less about how much you receive from.Social Security and more about your.other forms of income that you're gonna.reporting be reporting on your tax.return the rule of thumb here is the.less income you receive from other.sources like wages retirement plans and.things like that.the more likely you'll be able to avoid.taxes on your Social Security income.obviously the inverse of that is true.the more income you receive from other.sources the more likely your Social.Security is going to be subject to tax.the two tables I'm showing you guys.on-screen talk about exactly that so for.single filers which is this top table.right up here so if your income is from.zero to twenty five thousand is.zero percent of your social security.benefits are taxable if your income is.thirty-two thousand to forty four.thousand only 50 percent of your.benefits are taxable and if you're a.single tax filer and you have an income.from other sources of greater than forty.four thousand then eighty-five percent.of the amount you receive from Social.Security is subject to taxation looking.at the married filing joint column now.so if you're married if your income is.from zero to thirty two thousand from.other sources.zero percent is taxable thirty-two.thousand the forty four thousand fifty.percent of your Social Security becomes.taxable once you're over that forty four.thousand mark if you're married and up.then you're eighty five percent of your.benefits are gonna become taxable at.that point the one good piece of news I.do have for you guys is regardless of.how high your income is even if this was.a million dollars then fifteen percent.of your Social Security benefits is.always gonna be tax-free so if no matter.what your income is fifteen percent of.your benefits are always gonna be.tax-exempt but on the reverse side up to.eighty five percent of it that means can.be taxed or subject to taxation.depending on your total other sources of.income now I was helping somebody with.their taxes recently and it it really.reminded me of this subject and part of.the reason I want to produce a video on.this is that so they they are retired.and they get about fifteen thousand year.from Social Security and they get eleven.thousand a year from a pension okay and.that's their only other sources of.income so there there are other sources.of income is only about eleven thousand.dollars so with the Social Security of.fifteen thousand none of it is subject.to taxation because there other sources.of income is below twenty five thousand.dollars and that's essentially how it.works so together right they get they.get 15 grand from Social Security and.they get their 11 grand from their.pension $26,000 and income altogether.but that it's so low that they pay zero.tax and that's how it works out for them.tax wise a really good thing to think.about when it comes to Social Security.benefits and taxation is what types of.income are other income impact the.taxation of your Social Security.benefits believe it or not most types do.but not all.types of income will will impact your.social security so the things that do.impacted our wages taxable interest get.this tax exempt interest so you should.try to hide all of your taxable income.through taxes and interest doesn't.matter they're gonna see it they're.gonna still make your Social Security.benefits subject to taxation so taxes.imp interest does not help you their.dividends are gonna impact it alimony.would impact it business income taxable.IRA distributions only so only taxable.IRA distributions are gonna impact it.only taxable pension distributions are.gonna impact it and of course notice.that Roth IRA distributions and tax-free.pensions do not impact Social Security.because they're not on this list this is.huge this is so big this is why I'm I.stress about one of the best investment.vehicles in my opinion is a Roth IRA.because not only does the income within.a Roth IRA accumulate and grow tax-free.it comes out tax-free as well and it.doesn't impact the taxation of your.social security benefits so in essence.you could be theoretically you could.receive like twenty to forty thousand.dollars a year in dividends from a Roth.IRA and still pay zero in tax on the.Social Security benefits you receive.it's pretty freakin amazing but that's.all done with good planning right good.planning is what it takes to get there.and if you're able to see this video.early on your life I hope you can.structure your your incoming your.retirement to help you do that so what.is a social security benefit tax.statement look like it looks something.like this it's the form ssa - 1099 it's.a social security benefit statement this.is from 2016 and really the form has not.changed at all from what I've seen even.all the way going back from 2005.it really looks exactly the same year.after year after year but what you're.gonna have is in box 3 you're in box 1.you're gonna have the name of the.recipient so in this case it's chip for.the cockatiel the social security number.of the recipients benefits paid in total.in 2016 as 10 grand net benefits is ten.thousand paid by check or deposit is.ninety nine thousand four hundred and.Medicare premiums paid of six hundred so.you're gonna see a line on them that.talks about your Medicare items right.here.so total additions is ten grand total.benefits paid for the year is ten grand.this is basically what it looks like.if you have a high income or if you have.a lot of income from other sources and.you don't want to be hit with a huge tax.bill unexpectedly and box 6 you can tell.them to withhold taxes on your Social.Security and I definitely that work.where I work on a lot of tax returns for.a lot of wealthy individuals I.definitely see them doing that here.you don't have to but it's something you.can do to help you stay caught up with.your taxes throughout the course of the.year so where does one report their.Social Security income it's pretty.simple it's pretty self-explanatory but.now this is a 2017 form I'll show you.2018 in just a second because when I was.putting this information together I you.know I didn't have the 2018 forms of.ready yet I couldn't I couldn't access.them so you guys can see here your.Social Security income would be reported.right here down here in box 20 - a if.you were finally in a 2007 return and a.taxable amount would be right here so.obviously now things have changed though.for 2018 because of the new tax form so.we have to look at that so let me pull.that up for you guys real quick so you.guys can see Oh unbox 5a of 1040 page 2.so this is the first page of the 1040.right here of what the new forms look.like so you just go down the page to.which it's supposed to be a Coast.postcard so this will be on the back of.the postcard line 5a is your Social.Security benefits right here and then.the taxable amount would be reported.right here so very self-explanatory so.with that example that we were looking.at with chipper we would have 10,000.right here because his statement showed.10,000 so for the example we just looked.at 10,000 of chip for Social Security.benefits would be right here and then I.think I can't remember how much I had on.the last screen but I think at around.six thousand four hundred was subject to.taxation.something like that but you guys you.guys get the idea but for 2018 this is.where that's gonna show up on the forms.all right guys so this was a quick basic.overview of the rules for Social.Security and how your benefits might be.subject to taxation based on your filing.status your different other sources of.combined income and things like that we.talked about what the tax statement for.social cereal looks like we talked about.where it's reported and we talked about.what types of other income and effect.the taxation of your Social Security.benefits and what types of ink.do not so the next video and the next.part like I said we're gonna go over to.step by step calculation examples of how.you can determine for yourself how much.of your Social Security is subject to.tax now I totally recommend using tax.software when you're preparing your.taxes and that's gonna help you all the.calculations work out for themselves but.it is good to know and this is why I'm.doing it in the next part of how it.actually all calculates out so you can.see it with your own two eyes I got two.very detailed examples for you guys you.guys know from watching my videos if.you've been watching my tax videos I can.get pretty detailed so you guys can.really because my goal is always to help.you I can't help people understand how.to prepare tax forms but my goal with.the channel is help people understand.how taxes work and how these different.areas of of income impact your tax.return and that's what I hope to achieve.there so look for that in part two.thank you so much guys for hanging out.with me here on YouTube I know it takes.a lot of time out of your day to be here.but I really appreciate having you if.you like the video make sure to drop a.like before you leave it really helps us.out be sure to share this information.with a friend especially somebody who's.receiving Social Security and wants to.know how taxation works on all that if.you're new the money in live TV and if.you want to learn more about finances.investing in taxes then I totally.recommend subscribing to our channel by.hitting that red subscribe button down.below the video and also hitting that.Bell icon and that's gonna notify you.every time I upload a new video and I.typically release a new video about once.per week sometimes my schedule at my day.job gets way too active and I can't meet.that schedule but typically about once.per week is when I release every new.video all right guys well let me know.what you think about all this stuff.these crazy rules and if you have any.questions feel free to drop them in the.comment section down below I will do my.best get back to you I always love.reading all of your guys comments and.like I said if you want to do a rage.comment about social security going.bankrupt and all that stuff feel free if.it makes you feel better all means you.have that it alright guys I love you.I'll see you in the next one peace.you.

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How do I fill out the Rai Publication Scholarship Form 2019?

Rai Publication Scholarship Exam 2019- Rai Publication Scholarship Form 5th, 8th, 10th & 12th. Rai Publication Scholarship Examination 2019 is going to held in 2019 for various standards 5th, 8th, 10th & 12th in which interested candidates can apply for the following scholarship examination going to held in 2019. This scholarship exam is organized by the Rai Publication which will held only in Rajasthan in the year 2019. Students can apply for the following scholarship examination 2019 before the last date of application that is 15 January 2019. The exam will be conducted district wise in Rajasthan State by the Rai Publication before June 2019. Students of class 5th, 8th, 10th and 12th can fill online registration for Rai Publication scholarship exam 2019. Exam is held in February in all districts of Rajasthan. Open registration form using link given below. In the scholarship examination, the scholarship will be given to the 20 topper students from each standard of 5th, 8th, 10th & 12th on the basis of lottery which will be equally distributed among all 20 students. The declaration of the prize will be announced by July 2019. राय पब्लिकेशन छात्रव्रत्ति परीक्षा का आयोजन सत्र 2019 में किया जाएगा कक्षा 5वी , 8वी , 10वी एवं 12वी के लिए, इच्छुक अभ्यार्थी आवेदन कर सकते है इस छात्रव्रत्ति परीक्षा 2019 के लिए | यह छात्रव्रत्ति परीक्षा राजस्थान में राइ पब्लिकेशन के दवारा की जयगी सत्र 2019 में | इच्छुक अभ्यार्थी एक परीक्षा कर सकते है आखरी तारीख 15 जनवरी 2019 से पहले | यह परिखा राजस्थान छेत्र में जिला स्तर पर कराई जाएगी राइ पब्लिकेशन के दवारा जून 2019 से पहले | इस छात्रव्रत्ति परीक्षा में, छात्रव्रत्ति 20 विजेता छात्र छात्राओं दो दी जयेगी जिसमे हर कक्षा के 20 छात्र होंगे जिन्हे बराबरी में बाटा जयेगा। पुरस्कार की घोसणा जुलाई 2019 में की जयेगी | Rai Publication Scholarship Exam 2019 information : This scholarship examination is conducted for 5th, 8th, 10th & 12th standard for which interested candidates can apply which a great opportunity for the students. The exam syllabus will be based according to the standards of their exam which might help them in scoring in the Rai Publication Scholarship Examination 2019. The question in the exam will be multiple choice questions (MCQ’s) and there will be 100 multiple choice questions. To apply for the above scholarship students must have to fill the application form but the 15 January 2019. यह छात्रव्रत्ति परीक्षा कक्षा कक्षा 5वी , 8वी , 10वी एवं 12वी के लिए आयोजित है जिसमे इच्छुक अभ्यार्थी पंजीकरण करा सकते है जोकि छात्र छात्राओं के लिए एक बड़ा अवसर होगा | राय पब्लिकेशन छात्रव्रत्ति परीक्षा 2019 परीक्षा का पाठ्यक्रम कक्षा अनुसार ही होगा जोकि उन्हें प्राथम आने में सहयोग प्रदान करेगा | परीक्षा के प्रश्न-पत्र में सारे प्रश्न बहुविकल्पीय प्रश्न होंगे एवं प्रश्न-पत्र में कुल 100 प्रश्न दिए जायेंगे | इस छात्रव्रत्ति परीक्षा को देने क लिए अभयार्थियो को पहले पंजीकरण करना अनिवार्य होगा जोकि ऑनलाइन होगा जिसकी आखरी तारीख 15 जनवरी 2019 है | Distribution of Rai Publication Deskwork Scholarship Exam 2019: 5th Class Topper Prize Money:- 4 Lakh Rupees 8th Class Topper Prize Money:- 11 Lakh Rupees 10th Class Topper Prize Money:- 51 Lakh Rupees 12thClass Topper Prize Money:- 39 Lakh Rupees How to fill Rai Publication Scholarship Form 2019 : Follow the above steps to register for the for Rai Publication Scholarship Examination 2019: Candidates can follow these below given instructions to apply for the scholarship exam of Rai Publication. The Rai Publication Scholarship application form is available in the news paper (Rajasthan Patrika.) You can also download it from this page. It also can be downloaded from the last page of your desk work. Application form is also given on the official website of Rai Publication: Rai Publication - Online Book Store for REET RPSC RAS SSC Constable Patwar 1st 2nd Grade Teacher Now fill the details correctly in the application form. Now send the application form to the head office of Rai Publication. Rai Publication Website Link Click Here Head Office Address of Rai Publication Shop No: -24 & 25, Bhagwan Das Market, Chaura Rasta, Jaipur, Rajasthan PIN Code:- 302003 Contact No.- 0141 232 1136 Source : Rai Publication Scholarship Exam 2019

How do I fill out the CAT Application Form 2017?

To fill the CAT Application Form 2017 , you will need to log on to the official website of CAT 2017. First, you will have to register on the website and generate your login credentials. When registering, you will be asked to enter personal details like your Name, Mobile Number, Date of Birth, Email Address and similar fields. Here, ensure – 1) your details match what’s written on your school certificates and other documents. 2) All the information is correct and valid. After registration is complete, you need to log in using the credentials generated and start filling the CAT Application Form 2017. The information asked in the form includes your personal details, academics, work experience, programmes and payment details. When the form is filled and submitted, you finally upload your scanned documents and photograph and it’s done! In case you wish to correct a few fields in your application form, you can do it till the first week of October.

How do I fill out the Delhi Polytechnic 2017 form?

Delhi Polytechnic (CET DELHI) entrance examination form has been published. You can visit Welcome to CET Delhi and fill the online form. For more details you can call @ 7042426818

How do I fill out a CLAT 2019 application form?

How do I fill out the college preference form of the CLAT 2019? If you are AIR 1 and eligible for admission to all 21 NLUs, which one would you prefer? That is your first choice. Your first choice is not available. Out of the remaining 20, you are eligible for all 20. Which one will you prefer? That is your second choice. Your second choice is not available. Out of the remaining 19, you are eligible for all 19. Which one will you prefer? That is your third choice. Repeat the process till you have ranked all 21 NLUs. All the best.

How do I fill out the NEET 2019 application form?

Though the procedure is same as last earlier only the dates has been changed (tentative) yet to be announced by cbse u can fill form in October for the exam of February and in March for the exam of may if u r not satisfied with ur previous performance. All the best

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