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Retirement tax questions
@danhuff12 No, not exactly true. You are taxed on your total taxable income. It’s just that the max Social Security you can be taxed on is 85% of your SS. But then it’s taxed at the same rate as your other income.
Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:
Married Filing Jointly: $32,000
Single or head of household: $25,000
Married Filing Separately: 0
June 26, 2024
3:02 PM