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Category: Taxes
Retirement Planning

How Taxes Are Determined on Social Security

Social Security income is taxed the same for both retirement and disability benefits. Determining how much tax one pays on Social Security income is done with a formula which provides some great tax planning opportunities. You have to understand that when Social Security first started out all retirement income benefits

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Kevin Wenke March 10, 2021
employee compensation plan

Requirements to Avoid Current Taxation of SERP Benefits to the Executive

A business setting up a SERP may want to avoid current taxation of the SERP benefits to the executive. An important characteristic of SERPs is that they avoid current taxation of SERP benefits to the executive until the benefits are actually received by the him or her. However, to ensure deferred (rather

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Kevin Wenke February 4, 2021