BettieG
Employee Tax Expert

Retirement tax questions

Hi @tx2024!  Thanks for your great question.  You didn't mention how old you are, but you can start receiving social security benefits as early as age 62; you will be entitled to full benefits when you reach your full retirement age (which depends on how old you are); and, if you delay taking your benefits after you full retirement age up to age 70, you benefit will be higher.  Here is a great resource to make the decision on when to start receiving benefits.  

 

As for how social security is taxed, it depends on what other income you have.  Take a look at this article, which explains it in nice detail.

 

I hope this is helpful!

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