Members in the News

Tom Walpole (Rochester)

Taxing Social Security

WROC Rochester First

CPA Tom Walpole discussed Social Security recipients and marriage Monday on News 8 at Sunrise. The topic was inspired by a viewer question which asked how much is taxed when it comes to Social Security recipients and marriage.  "The answer is, it depends," said Walpole.  "It's never easy with the government. You start out with a number called MAGI, which is an acronym for Modified Adjusted Gross Income. You take your adjusted gross income, and from that, you add any tax-exempt interest that you might have.