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2. Tax Rates For Different Types of Retirement Income - AOL

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   Tax-free bonds, such as municipal bonds, can be an attractive investment option for retirees seeking tax efficiency. Interest income from municipal bonds is usually exempt from federal income tax ...

3. What retirees can do right now to reduce next year's taxes - AOL

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   The marginal tax rate in 2024, for example, is 24% for incomes over $100,525 ($201,050 for married couples filing jointly). A decade ago, it was around 28%. “People who don’t really need the ...

4. Tax bill on 2023 Social Security benefits could catch ... - AOL

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   Many retirees’ budgets may take a hit for the first time this tax season — a federal income tax bill on a portion of their Social Security benefits. Social Security recipients received a high ...

5. Social Security (United States) - Wikipedia

   en.wikipedia.org/wiki/Social_Security_(United...

   Retired Social Security. In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance ( OASDI) program and is administered by the Social Security Administration (SSA). [1] The Social Security Act was passed in 1935, [2] and the existing version of the Act, as amended, [3 ...

6. Federal Employees Retirement System - Wikipedia

   en.wikipedia.org/wiki/Federal_Employees...

   Employees hired prior to January 1, 2013 contribute 0.8 percent of salaries to their FERS annuity (post-tax, unlike TSP contributions which are pre-tax), while employees hired in 2013 contribute 3.1 percent and employees hired in 2014 and thereafter contribute 4.4 percent (an additional 0.5 percent applies to certain special category positions ...

7. United States federal budget - Wikipedia

   en.wikipedia.org/wiki/United_States_federal_budget

   The federal personal income tax is progressive, meaning a higher marginal tax rate is applied to higher ranges of income. For example, in 2010 the tax rate that applied to the first $17,000 in taxable income for a couple filing jointly was 10%, while the rate applied to income over $379,150 was 35%.