How to Pay No Taxes on Social Security Income
In the previous post, I discussed how to compute the taxable amount of your social security income (SSI). Which is unfortunately a bit complicated, but we got it done.
The next step is to figure out how to pay no (or minimal) taxes on that taxable amount of your social security, which is vital for the Tax and Penalty Minimization (TPM) method described in the Withdrawing Money After FIRE post.
You’re probably thinking “uh… doesn’t the definition of taxable mean you’ll pay taxes on it?”