My Girlfriend may want to retire at 65 in about a year from now. Her Social Security will be $18,000 and Pension will be $12,000. No other income. I am guessing half of SS $9000 plus pension $12000 equals $21,000. This is less than the taxable threshold of $25,000. So she will pay $0 income tax. We live in Fla so no state tax. Are my calculations correct?
Any advice or opinions will be appreciated.
Any advice or opinions will be appreciated.