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News & Legislative Updates

Omnibus Tax Bill Creates a new Subtraction for Social Security Benefits

8/31/2017

 
​New legislation allows a subtraction for an amount of Social Security benefits, up to a maximum amount effective for Tax year 2017. The maximum subtraction is $4,500 for married couples filing joint returns, $3,500 for single and head of household filers, and $2,250 for married couples filing separate returns. The subtraction is reduced by 20 percent of provisional income over a threshold.​

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  • Home
  • About
    • About MRSEA
    • Directors
    • Elections
    • Committees >
      • Issues & Info >
        • Legislative Updates
        • Take Action
        • Newsletters
        • Meetings and Events
        • Frequently Used Website Links
    • President's Message
  • Chapters
  • Membership
    • Why Should I Join?
    • Join / Renewal
    • Events/Day Trips/Travel Trips
    • Change of Address
    • Give a Gift to MRSEA
  • Contact