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Get your taxes done using TurboTax
Hi Bjl66
congrats on reaching this milestone. Generally, there isn't much of a change in your tax situation other than the fact that social security is typically not subject to taxes until one half of the social security received and other working income exceeds $25,000 for a single person and $34,000 for a married couple. At these markers, the maximum that your social security can be taxed ar is 85%. If you can stay under these margins, you can enjoy your social security tax free. Caveat: If you are married, living with your spouse but not filing a joint return, the tax brgan on your social security with the first dollar received.
Enjoy your retirement!
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‎October 25, 2023
12:05 PM