@kathiechadwick5 wrote:
Is the interest from savings account considered income if the amount is under 5K
Yes, the interest is taxable income.
Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:
Married Filing Jointly - $32,000
Single or Head of Household - $25,000
Married Filing Separately - 0
