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it helps. but after paying fed taxes on it (thank you Ronald Reagan) and renegotiating this years oil heating price over $2/gallon higher than last year, back to square one.
it helps. but after paying fed taxes on it (thank you Ronald Reagan) and renegotiating this years oil heating price over $2/gallon higher than last year, back to square one.
See I look at it differently, I see how much further behind I would be if they didn't increase it.
On another note I feel that 8% is not even enough to cover inflation which is being hushed. I feel it’s up way more than that. Look how much everything is up here on LI.
Nice to see nothing changes here on the LI thread. FYI…I got my first $2214 check last week at age 62. Add that to both of ours NYSTRS along with living in a no income tax and it’s like hitting a little lottery every month. Wife gets hers in six months. An extra $50k plus every year is nice basket of cheer.
Nice to see nothing changes here on the LI thread. FYI…I got my first $2214 check last week at age 62. Add that to both of ours NYSTRS along with living in a no income tax and it’s like hitting a little lottery every month. Wife gets hers in six months. An extra $50k plus every year is nice basket of cheer.
Congrats, you are getting about $150 less than the maximum benefit at age 62. Most people aren’t getting anything close to the maximum benefit. The threshold for taxing Social Security benefits is pretty low. Florida may have no income tax but SS is subject to federal taxes.
Congrats, you are getting about $150 less than the maximum benefit at age 62. Most people aren’t getting anything close to the maximum benefit. The threshold for taxing Social Security benefits is pretty low. Florida may have no income tax but SS is subject to federal taxes.
Yea can’t avoid the Fed. Unless you’re named Hunter.
Yea can’t avoid the Fed. Unless you’re named Hunter.
or Donald .
NY state doesn't tax social security benefits either (yet) , and the first $20,000 of pension payments are NYS tax free. (NYSTRS pensions completely tax free from NYS tax I believe)
Last edited by lifetimeliguy; 10-18-2022 at 09:17 AM..
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