No, $44K is incorrect. See the chart below for 2024 Social Security Income thresholds.
The threshold is all your other income plus 1/2 of your social security reaches:
Once you hit the threshold for taxable Social Security, the tax will be in your highest tax bracket, and both the Social Security and your other income will be taxed.
The thresholds are:
- Base amount. Your base amount is:
- $25,000 if you are single, head of household, or qualifying surviving spouse;
- $25,000 if you are married filing separately and lived apart from your spouse for all of 2024;
- $32,000 if you are married filing jointly; or
- $0 if you are married filing separately and lived with your spouse at any time during 2024
Please see Publication 915 Social Security and Equivalent Railroad Retirement Benefits 2024 See Page 3
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