You misunderstood the part about SS not being taxable. during the first year. It is --- or can be. During the first year, your benefits will not be reduced by continuing to work. But if you have other income while receiving SS benefits, up to 85% of your SS can be taxable.
FIRST YEAR OF SOCIAL SECURITY
People get really confused when they start getting SS. If you are not full retirement age, SS can reduce your benefits if you earn over a certain amount. But they do not do that during the FIRST year that you transition from working to getting SS. After that, if you are not full retirement age, they can reduce your benefit if you continue to work and earn over the limit.
None of that means that your SS is not taxable during the first year. It is. If you receive other income while receiving SS, your SS can be taxable. If you were expecting SS to be "tax free" the first year, you were mistaken about how it works.
FIRST YEAR OF SS RULES
https://faq.ssa.gov/en-US/Topic/article/KA-01927?msclkid=11bc282ccf2211ecb65078152b05ae6b
https://www.ssa.gov/pubs/EN-05-10069.pdf
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
