How Accounting and Tax Pros Can Help Clients Strategize on Social Security
CPA Practice
OCTOBER 17, 2023
By Bhairavi Parikh, CPA. Here’s what you need to know: If the individual works for an employer, the Social Security tax is withheld from the paycheck and gets reported by their employer through payroll taxes. Use tax planning strategies to reduce your other business income to minimize taxes on Social Security income. =
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