TRX heading for dbl bottom and possible wave 2 down? Looks like a bear flag is forming after having made a double top at the 1.34 Could with the bear flag target be making a possible double bottom around 1.00 Spekulative: I see as a possible wave 1 up with a very short and truncated 5th wave ending at 1.34.
Some people who get Social Security must pay federal income taxes on their benefits. But, no one pays taxes on more than 85 percent of their Social Security benefits. You must pay taxes on your benefits if you file a federal tax return as an âindividualâ and your âcombined incomeâ exceeds $25,000.
The amount of a personâs Social Security income that is taxable under the U.S. federal tax code depends on two factors: a taxpayerâs filing status and the size of the taxpayerâs âcombined incomeâ (adjusted gross income + nontaxable interest + half of Social Security benefits). Connecticut allows taxpayers to fully exempt Social Security income from state income tax if income is less than $60,000 (for joint filers). 2  Kansas exempts Social Security benefits from state income tax if federal adjusted gross income is if $75,000 or under.