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Deductions & credits
You are liable for INCOME tax on ALL your INCOME- whether that is earned by working (schedule C / form 1099-NEC) or by not-working (IRA distributions, taxable portion of social security income, interest, dividends, etc.)
Only the income that is earned by working is used to determine the $22k threshold. If that threshold is pierced, some of the social security payments will be returned to Social Security.
‎June 18, 2024
9:13 AM