This is the 2nd part of “All You Need to Know about Social Security Benefits”. The article focuses on the tax impact and tax planning for Social Security Benefits. In previous post part 1, I’ve talked about when a person collects Social Security earlier than his/her full retirement age which is from 65 to 67, […]
Social Security Benefits and Tax Planning Read More »
Recently, a wealthy friend of mine has reached out to me for tax guidance, he wants to gift one of his properties to his daughter. Since he asked the questions, I’ve realized that a lot of parents out there probably have the same questions. This post will provide the answer on tax consequences for gifting
Tax Consequences for Gifting Properties – Gift Tax and Income Tax Read More »
This is the first post of Social Security Benefits of the “All You Need to Know about Social Security Benefits”. The second post will discuss about the tax and tax planning for Social Security Benefits Social Security Benefits Introduction Before deciding at what age a taxpayer should start collecting social benefits, taxpayers should understand the
All You Need to Know about Social Security Benefits (Part 1) Read More »
