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How to Calculate Lump Sum Spousal Tax Payment

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  • #31
    hi, interesting read

    I am just wondering how you were able to pull off deducting the lump sum SS. My understanding is that lump sums are not tax deductible. I currently have to pay monthly SS and obviously this will be tax deductible.

    Is it just the language you guys used?

    I do not know if I would do a SS buy out but would be interested in any tax savings, it would almost be like doing an awesome income splitting.

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