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Retirement tax questions
It depends. If you are asking about how much you can earn before you must repay part of your social security to the Social Security Administration (SSA), it is explained clearly at the link to determine full retirement age and repayment if you are under that age.
If you are asking how much income on your tax return will require you to add some of your social security benefits as part of your taxable income it is explained next.
- If you add all of your taxable income (and tax exempt interest if applicable) plus half of your social security from Form SSA-1099, and that amount is greater than $32,000 (for married filing jointly) then some of your benefits will be taxable. To review the worksheet you can use the following link.
- IRS Publication 915
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‎February 17, 2021
8:03 AM
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