The calculation for the tax on Social Security indicate that 50% of the benefit is added to other income to generate a taxable amount.
Your benefits may be taxable if the total of
- One-half of your benefits, plus
- All of your other income, including tax-exempt interest, is greater than the base amount for your filing status.
The base amount for your filing status is:
- $25,000 if you're single, head of household, or qualifying surviving spouse,
- $25,000 if you're married filing separately and lived apart from your spouse for the entire year,
- $32,000 if you're married filing jointly,
See Top Frequently Asked Questions for Social Security Income question (1)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
