Congratulations on your retirement! A great question to ask!
You may have to pay federal income taxes on your social security benefits. This usually happens when you have other substantial income in addition to your Social Security.
If you file as an individual and your "combined income" is:
- between $25000 and $34000, up to 50% of your benefits may be taxable
- more than $34000 up to 85% of your benefits may be taxable
If you file a joint return and your "combined income" is:
- between $32000 and$44000 , up to 50% of your benefits may be taxable
- more than$44000 , up to 85% of your benefits may be taxable
https://www.irs.gov/faqs/social-security-income
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