@Bsch4477 wrote:
- Combined income under $25,000 (single) or $32,000 (couple): Benefits are not taxed.
- Combined income of $25,000 to $34,000 (single) or $32,000 to $44,000 (couple): Up to 50 percent of benefits can be taxed.
- Combined income above $34,000 (single) or $44,000 (couple): Up to 85 percent of benefits can be taxed.
For this calculation, "combined income" means half your benefit plus all your other income.
So if you are single and your benefit is $2000 per month ($24,000 per year), you can earn up to $13,000 and not pay tax on the benefit. More than that, you will start paying tax on the other income and on the benefit.
