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I'm 8I have to make an RMD every year, and always try to keep it below the amount before paying income tax. I have used the forma of half of my S.S. income, plus other income and if that is less than $32,000 no tax. Has that changed with new rules?

 
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KusyJ
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I'm 8I have to make an RMD every year, and always try to keep it below the amount before paying income tax. I have used the forma of half of my S.S. income, plus other income and if that is less than $32,000 no tax. Has that changed with new rules?

The standard Social Security Tax rules have not changed from the past few years:

 

Joint filers may pay tax on up to 50% of your Social Security benefits if your combined income is between $32,000 and $44,000. You may pay tax on up to 85% of your benefits if your combined income exceeds $44,000.

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2 Replies
KusyJ
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

I'm 8I have to make an RMD every year, and always try to keep it below the amount before paying income tax. I have used the forma of half of my S.S. income, plus other income and if that is less than $32,000 no tax. Has that changed with new rules?

The standard Social Security Tax rules have not changed from the past few years:

 

Joint filers may pay tax on up to 50% of your Social Security benefits if your combined income is between $32,000 and $44,000. You may pay tax on up to 85% of your benefits if your combined income exceeds $44,000.

I'm 8I have to make an RMD every year, and always try to keep it below the amount before paying income tax. I have used the forma of half of my S.S. income, plus other income and if that is less than $32,000 no tax. Has that changed with new rules?

Thank you for the quick reply and clarification.

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