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Saturday, October 1, 2016

What's Best For Mom In A Mom-And-Pop Business?

In the latest edition of his column, “Social Security and You,” Tom Margenau explains how women who work in “Mom-and-Pop” businesses often get left behind when it comes to Social Security:

Q: My wife and I are in our 30s. We’re partners in a business that nets us about $80,000 per year. What’s the best way to report our income on our tax returns to maximize our Social Security benefits?