LorenL1
Employee Tax Expert

Retirement tax questions

If you you file as an "individual" and your combined income is between $25,000 and $34,000, you may have to pay income tax on up to 40% of your benefits.  To calculate your combined income:

Your adjusted gross income

+ Nontaxable interest

+1/2 of your Social Security benefits

= Your +combined income"

https://www.ssa.gov/benefits/retirement/planner/taxes.html

 

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