It depends. The maximum amount of your social security income that can be taxed is 85%. TurboTax calculates this accurately once all of your taxable income has been included in your tax return.
There are two key components for social security.
- It could become taxable up to a maximum of 85% depending on your other taxable income.
- if half of your social security, combined with your other taxable income is below $25,000 for single ($32,000 for married, or $0 for married filing separate), then none of your social security would count as taxable income.
@MiffedinOhio
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