Retirement tax questions


@josephinewjones wrote:

I reached full retirement age in May, 2020, so why were my social security benefits taxed?


Social Security benefits paid can be taxed regardless of your age.

 

Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:

  • Married Filing Jointly - $32,000
  • Single or Head of Household - $25,000
  • Married Filing Separately - 0