Here are some tips to help whittle down your tax bill:
Do you put credit card offers directly in the recycling bin?
Figuring out what you owe can be complicated, here is some information to understand what is taxable under Social Security. Social Security is taxable at three different levels, based upon how much other income you have and your income tax filing status. First, your Provisional Income. This is 50% of your household Social Security benefits plus all of your other taxable income, plus any tax-free income. Next, there are two breakpoints in the taxation – if your filing status is Married...
For those looking to get smarter by going to college, there's a payoff come tax time that will make you feel intelligent as well.