Thursday, September 29, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

Found: Cute, friendly male dog, Floresville courthouse area, he obviously belongs to someone as he has a collar but no tags. Call 210-355-2613 to claim him.
Lost: Heart charm bracelet, necklace with arrow and heart, crown ring, and heart knot ring, all pieces are silver, lost at LV Light It Up ceremony. Please call Sheri, 210-833-8377.
Found: Light brown large male puppy, approx. 1 year old, very lovable and sweet, no collar, near F.M. 537 and 427 off Hwy. 181. Call 830-393-9999 or 419-250-9099.
More Lost & Found ads ›

Help Wanted

Maverick Grill is hiring line cook, cook, and dishwasher. Apply in person Mon.-Fri. between 2-5 p.m., 6671 U.S. Hwy. 181 North, Floresville. 830-216-2712.
Immediately hiring maintenance electricians, $22/$24 per hour plus benefits, in Kenedy, Texas. Call 432-661-6434 for more information.
More Help Wanted ads ›

Featured Videos





Video Vault ›

South Texas Living


Income tax on SS benefits?




E-Mail this Story to a Friend
Print this Story
Jim Miller
January 6, 2016 | 1,422 views | Post a comment

Dear Savvy Senior,

Will I have to pay federal income taxes on my Social Security benefits when I retire?

Approaching Retirement

Dear Approaching,

Whether or not you’ll be required to pay federal income tax on your Social Security benefits will depend on your income and filing status.

To figure out if your benefits will be taxable, you’ll need to add up all of your “provisional income,” which includes wages, taxable and non-taxable interest, dividends, pensions and taxable retirement-plan distributions, self-employment, and other taxable income, plus half your annual Social Security benefits, minus certain deductions used in figuring your adjusted gross income.

How To Calculate

To help you with the calculations, get a copy of IRS Publication 915 “Social Security and Equivalent Railroad Retirement Benefits.” Download it at irs.gov/pub/irs-pdf/p915.pdf or call the IRS at 800-829-3676 for a free copy.

After you do the calculations, the IRS says that if you’re single and your total income from all of the listed sources is:

•Less that $25,000, your Social Security will not be subject to federal income tax.

•Between $25,000 and $34,000, up to 50 percent of your Social Security benefits will be taxed at your regular income-tax rate.

•More than $34,000, up to 85 percent of your benefits will be taxed.

If you’re married and filing jointly and the total from all sources is:

•Less that $32,000, your Social Security won’t be taxed.

•Between $32,000 and $44,000, up to 50 percent of your Social Security benefits will be taxed.

•More than $44,000, up to 85 percent of your benefits will be taxed.

If you’re married and file a separate return, you probably will pay taxes on your benefits.

To limit potential taxes on your benefits, you’ll need to be cautious when taking distributions from retirement accounts or other sources. In addition to triggering ordinary income tax, a distribution that significantly raises your gross income can bump the proportion of your Social Security benefits subject to taxes.

How to File

If you find that part of your Social Security benefits will be taxable, you’ll need to file using Form 1040 or Form 1040A.

State Taxation

In addition to the federal government, 13 states -- Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia -- tax Social Security benefits to some extent too. If you live in one of these states, check with your state tax agency for details.

For questions on taxable Social Security benefits call the IRS help line at 1-800-829-1040, or visit an IRS Taxpayer Assistance Center (see www.irs.gov/localcontacts) where you can get face-to-face help.

Jim Miller is a contributor to the NBC “Today” show and author of The Savvy Senior. Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit SavvySenior.org.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

South Texas Living Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. Better boxed lunch and after-school snack ideas (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Buttons, Bows, & Blessings Tea is Oct. 8 (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Catch ‘Elvis’ in San Antonio (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Celebrate National Night Out Oct. 4 (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Deer-proof your landscape with native plants (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Enjoy Fall Fest at St. Luke-Loire (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Enjoy German food, music at Oktoberfest (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Experience live pro wrestling in SA (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Ferdinand the Bull (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Get your fill of turkey, tamales, and more in Panna Maria (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Gluten-free bread: great for lunches (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. H-E-B to roll out new ‘H-E-B Select Ingredients’ product line (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Health tips, advice for travellers (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Josiah Media Festival is Oct. 6-8 (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. La Feria de las Flores is Oct. 15 (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register now for Master Gardener 2017 evening classes (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register to walk and end NF (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Shop community rummage sale at St. Gerard’s (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. St. Ann’s Fall Fest is Oct. 2 (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale Museum fund-raiser Oct. 1 (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. The Rock UMC plans events (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. We could all do better (September 28, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Apple Pie readers help Julia fill in the blanks (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Cheap cell phone plans for seniors (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Come And Take It starts Sept. 30 (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Disc water pitcher (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. DRT chapter plans meeting, new member class (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Get ready to grill at show barn’s barbecue cook-off (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Old Town Day seeks vendors (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Poth VFD to serve up barbecued chicken (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Run and shine at Neon Sizzle 5K (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Spots open for Community Yard Sale (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. St. Mary’s Fall Festival Sept. 25 (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Support FUMC youth at barbecue ‘fun’ raiser (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Teen MOPS plans upcoming meetings (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. The root of many evils (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Uncovering local legends: The grave in the middle of the road (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. URBAN-15 seeks dancers, drummers (September 21, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Chicago Cub yearbooks (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Enjoy Country Music Show Sept. 20 (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. How to prevent falls at home (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Krawietz family reunion (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. La Vernia EMS plans Car Show (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Labatt Club donates to library, children (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Low voices and high hopes (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Lutheran Church plans Sausage Dinner (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Medicaid covers mosquito repellent to fight Zika (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Metting family plans reunion (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Non-prescription drugs — the forgotten solution to rising health-care costs (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Relay For Life meeting is Sept. 15 (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Seguin Cowboy Gathering is Sept. 17 (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Smith Gas celebrates 88 years in business (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. The life of Doris Billimek Moczygemba (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Trail ride donations surpass $1M (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Visit Remembering Our Fallen exhibit in Seguin (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Who will take care of you? (September 14, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. A life shaped by hard work and hunting (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. After-Dinner Chocolates (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Cajun music Sept. 10 (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Donate hearing aids, glasses, equipment (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Earn a certification in native landscaping (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Enjoy EquestFest 2016 (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Getting Engaged? How to spend wisely (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Mystery box (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Nominate a nonprofit for Literacy Award (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Old medicine chest dates back to 1821 (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Professional bull riding returns to Fredericksburg (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Register to run for tacos Oct. 1 (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Road Runners plan September outings (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Still time to buy tickets for Wild Game Dinner (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Take a tour of SS museum Sept. 17 (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Take the H-E-B Slim Down challenge (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Vote for top flick at Manhattan Short Film Festival (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Welcome to The Greenline, a 43-acre linear park (September 7, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. ‘Cupping’ long before Phelps did it (September 7, 2016)
WCN Photo Contest HHF
WWII Clippings HHF
Coupon Q&A HHF-right
coupon home-rght
Voncille Bielefeld homeFriesenhahn Custom WeldingAllstate & McBride RealtyHeavenly Touch homeTriple R DC Experts

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.