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Retirement tax questions
TurboTax has a free tax caster so you can estimate your 2023 taxes: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
Additionally, below are the earning thresholds:
When do you pay taxes on Social Security?
Do I pay Social Security tax or income tax on my Social Security benefit payments? If you earn between $25,000 and $34,000 per year as a single filer (or $32,000 to $44,000 if you're married filing jointly), you will pay income taxes on up to 50% of your Social Security benefits.
Here is the full guide for further details: https://turbotax.intuit.com/tax-tips/irs-tax-return/a-guide-to-social-security-tax/L5QxGNcJL
Have an amazing day. Evelyn M (CPA 20+ years)
I would love a thumbs up 🙂 + Mark the post that answers your question by clicking on "Mark as Best Answer"
I would love a thumbs up 🙂 + Mark the post that answers your question by clicking on "Mark as Best Answer"
‎July 26, 2023
9:58 AM
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