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Get your taxes done using TurboTax
@Spiritofeagles1 wrote:
I’ll try to make my question easier. I am not working. My only income is my distribution from my traditional Ira. My question is does that count against me to pay taxed on my social security?
If your only income is from social security, it is not taxable. If you have other taxable income from any source, your social security may be taxable, depending on the amount of the other income and your filing status as single, married filing jointly or married filing separately. Up to 85% of your benefit may be taxable.
The exact formula is complicated, so I won't go into it here. You can try using this IRS calculator.
https://www.irs.gov/individuals/tax-withholding-estimator
July 26, 2023
8:44 AM