Uploaded September 2026 | Updated September 2026, 2 weeks ago
Would you like to learn how to minimize your taxes and keep more of what you earn? Schedule a free strategy session here: aba.link/970e75
In this video, Toby Mathis, Esq. explains how Social Security is really taxed, how the new senior deduction works, and the retirement tax strategies that could help you legally keep more of your money.
You may have heard that Social Security is no longer taxed. That’s not exactly true.
Under current tax rules, up to 85% of your Social Security benefits can still become taxable depending on your income. But there’s good news: retirees may have more control over their tax bill than they realize.
WATCH NEXT 👉 How To Start An LLC For Rental Properties (And Reduce Taxes!) youtube.com/watch?v=VpKdeUh_lTc
For people aged 65 and older, there are now three different deductions that may be available—including a new senior deduction worth up to $6,000 per qualifying taxpayer.
But deductions are only part of the story.
The amount of your Social Security that becomes taxable is determined using something called provisional income. IRA distributions, investment income, Roth conversions, and even tax-exempt interest can potentially affect this calculation.
Show Notes
0:00 Intro
1:43 What Is Provisional Income?
3:14 Social Security’s 0%, 50% & 85% Tax Thresholds
5:22 The 85% Taxable Social Security Limit Explained
7:24 The 3 Tax Deductions Seniors Can Stack
8:21 The New $6,000 Senior Deduction
10:37 The 2 Tax Levers Retirees Need to Understand
12:03 How Roth Conversions Can Affect Social Security
13:53 Who Qualifies for the New Senior Deduction?
15:09 The Truth About Social Security Taxes
16:03 More Strategies to Potentially Lower Your Tax Bill
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~~~~
ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture.
The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#socialsecurity #socialsecuritybenefits #socialsecuritytax #retirement #retirementplanning
Would you like to learn how to minimize your taxes and keep more of what you earn? Schedule a free strategy session here: aba.link/970e75
In this video, Toby Mathis, Esq. explains how Social Security is really taxed, how the new senior deduction works, and the retirement tax strategies that could help you legally keep more of your money.
You may have heard that Social Security is no longer taxed. That’s not exactly true.
Under current tax rules, up to 85% of your Social Security benefits can still become taxable depending on your income. But there’s good news: retirees may have more control over their tax bill than they realize.
WATCH NEXT 👉 How To Start An LLC For Rental Properties (And Reduce Taxes!) youtube.com/watch?v=VpKdeUh_lTc
For people aged 65 and older, there are now three different deductions that may be available—including a new senior deduction worth up to $6,000 per qualifying taxpayer.
But deductions are only part of the story.
The amount of your Social Security that becomes taxable is determined using something called provisional income. IRA distributions, investment income, Roth conversions, and even tax-exempt interest can potentially affect this calculation.
Show Notes
0:00 Intro
1:43 What Is Provisional Income?
3:14 Social Security’s 0%, 50% & 85% Tax Thresholds
5:22 The 85% Taxable Social Security Limit Explained
7:24 The 3 Tax Deductions Seniors Can Stack
8:21 The New $6,000 Senior Deduction
10:37 The 2 Tax Levers Retirees Need to Understand
12:03 How Roth Conversions Can Affect Social Security
13:53 Who Qualifies for the New Senior Deduction?
15:09 The Truth About Social Security Taxes
16:03 More Strategies to Potentially Lower Your Tax Bill
---------------------------------------------------------------------------------------------------------
FREE TAX & ASSET PROTECTION WORKSHOP
Register for a FREE upcoming workshop today to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: aba.link/d99099
TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 aba.link/tobytaxtues
~~~~
ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
---------------------------------------------------------------------------------------------------------
WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture.
The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#socialsecurity #socialsecuritybenefits #socialsecuritytax #retirement #retirementplanning
