Retired and gambling. The hidden tax consequences

07/11/2017

On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and may not apply to tax returns starting in the 2018 tax year. You may wish to speak to your tax advisor about the latest tax law. This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.

someone pushing their poker chips

You may be unknowingly increasing the tax on your Social Security benefits.

Why? Because the amount of Social Security that is taxed increases as your gross income increases.


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