JohnB5677
Expert Alumni

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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