JandKit
Employee Tax Expert

Retirement tax questions

Hi mjohnsonsr2002,

Thank you for this question! Social Security is means tested! That means that social security is usually not subjected to taxes until an income level is reached.  The maximum amount of social security that can be taxed is 85%.

As in most cases, married filing separately and living in the same home as the spouse causes income to be taxed immediately.

If single, the social security income is taxed when 1/2 of the social security and other income exceeds $25,000.

If married filing jointly, sometimes called th married penalty, when 1/2 of the social security and other income exceeds $34,000, the social security becomes taxable.

Ido hope that this answers your questions!!!

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