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Retirement tax questions
Social Security income is not taxable in Illinois - not true!
Up to 85% of a taxpayer's benefits may be taxable if they are:
- Filing single, head of household or qualifying widow or widower with more than $34,000 income.
- Married filing jointly with more than $44,000 income.
- Married filing separately and lived apart from their spouse for all of 2021 with more than $34,000 income.
- Married filing separately and lived with their spouse at any time during 2021.
- https://www.irs.gov/newsroom/irs-reminds-taxpayers-their-social-security-benefits-may-be-taxable
December 17, 2022
2:00 PM