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Retirement tax questions
Possibly, as with regular Social Security payments, they are taxable once you reach a certain income level.
Your benefits include monthly retirement, survivor and disability benefits.
Your benefits may be taxable if the total of
- one-half of your benefits, plus
- all of your other income, including tax-exempt interest, is greater than the base amount for your filing status.
The base amount for your filing status is:
- $25,000 if you're single, head of household, or qualifying surviving spouse,
- $25,000 if you're married filing separately and lived apart from your spouse for the entire year,
- $32,000 if you're married filing jointly,
- If you're married and file a joint return, you and your spouse must combine your incomes and social security benefits when figuring the taxable portion of your benefits. Even if your spouse didn't receive any benefits.
- $0 if you're married filing separately and lived with your spouse at any time during the tax year.
Please also see: Is Social Security Disability Income Taxable?
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‎February 8, 2024
9:24 AM