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 Internal Revenue Service says you can figure out whether you have to pay taxes on Social Security by adding half of your annual benefit to your other income. If the total is more than $32,000 and you file a joint return, some of your benefits must be reported as taxable income on your tax return. For single filers the threshold is $25,000. For example, if you file as single and your annual benefit is $15,000, half of your benefit amount is $7,500. You you can earn up to $17,500 in additional income before you hit the $25,000 mark and have to pay taxes on Social Security benefits. Taxable Percentage When Social Security is taxable at all, you have to pay taxes on at least 50 percent of your benefits. As your income increases the percentage can reach a maximum of 85 percent of your annual benefit amount.