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Retirement tax questions
TurboTax will calculate the taxable portion of your social security based on the other income that is entered. If you do not believe the calculation is correct, you will want to verify the other income entries to make sure they are correct.
Social Security Income becomes taxable after your other income reaches a certain limit. According to the IRS, your Social Security becomes taxable if the following situations occur:
- single filers if half their social security added to their other income totals more than $25,000
- married filing jointly filers if half their social security plus half their spouses social security plus their total other income totals more than $32,000, then part of their Social Security may be taxable.
For more information on how Social Security is taxed, see the link below:
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‎January 27, 2025
1:31 PM