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how much will you be paying in taxes on your Social Security benefits in retirement that is the subject of this video [Music] welcome to the financial Fastlane my name is Lane Martinson now we get a lot of questions around how are your Social Security benefits going to be taxed in retirement and so Ive got several examples Im going to go through here just to give you a feel of what it might look like for you okay now Im going to start here with a person that is single living in the state of Georgia okay they claim their social security benefits early their social security benefits one thousand nine hundred eighty three dollars this this person has no other savings no retirement accounts no pension so their total annual gross income from Social Security 23 400. their provisional income now thats the thats the IRS formula for determining how your Social Security benefits will be taxed in this case would be eleven thousand eight hundred ninety eight that falls well below the threshol
