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NO tax on Social Security Benefits? The 2024 Proposed Bill

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Nick Davis, CFP®

A new 2024 bill to eliminate tax on Social Security income is being discussed. How likely is it to pass and who would benefit?

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How To Calculate Social Security Tax
   • How is Social Security Taxed?  

Social Security PHANTOM Tax
   • What is the Social Security Phantom Tax?  

KEY TOPICS
0:00 Intro
1:36 Understanding Social Security Taxation
2:33 What This Means for Retirees
3:00 Key Provisions From the Bill
5:34 Impact on Solvency
7:08 Retiree Inflation Plan
7:58 Alternatives?
9:42 Conclusion

ABOUT US
We're a Frisco, Texasbased independent financial advisory firm serving individuals in several states nationwide. We're here to listen to your needs and guide you through the financial planning process.
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