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Taxable Portion of Social Security Retirement Benefits
Hi,
The following IRS web page states that I should add one-half of their social security retirement benefits to my "other income." Is this "other income" gross income or AGI? This is the IRS page I'm referring to.
https://www.irs.gov/newsroom/dont-forget-social-security-benefits-may-be-taxable
I only earned $15,755 for 2022 and after my standard deduction, the taxable amount is $2,805.18. So I'm wondering, do I add one-half of my social security benefits to the $15,755 or the $2,805.18?
Thanks in advance!
~ Frank
Topics:
‎January 1, 2023
11:27 PM