Social Security is not always taxable. It depends on how much other income you have. If you are Married Filing Jointly and have less than $32,000 of combined income, then your social security would not be at all taxable. You will see it on line 6a of your form 1040 which means it is not included in your taxable income.
If you fall into the following, 85% of your social security is taxable income
- Single with income above $34,000
- Married Filing Jointly with income above $44,000
- Married Filing Separate regardless of income
If you fall into the following, 50% of your social security is taxable income
- Single with combined income between $25,000-$34,000
- Married Filing Jointly with combined income between $32,000 and $44,000
Your combined income is calculated by adding your
- AGI plus
- Nontaxable Interest plus
- 1/2 of your social security Benefits
Social Security Benefits Taxes
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