Earnings & Taxes during Retirement
This is my 3rd run of ESPlanner since I retired June 1, 2013. Last year, and this year 2016, I have done a bit of consulting.
1) Am I correct to put that Income on the Earnings page under Self Employment Earnings after setting the retirement age to 1/1/2016?
2) Will the program then treat me as retired for the entire 2016?
3) With this self-employed earnings as my only source of income, other than my pensions, Social Security and RMDs from my IRA accounts, my tax accountant has advised that I am eligible to deduct from my Federal Taxes the Medicare deduction taken from my Social Security. Does ESPlanner program account for that? If not, how do I account for this?