- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Depending on your filing status the Social Security benefits may be taxable based on the amount of your other income. You can use this TurboTax calculator to get an estimate of taxes owed or not - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
If your other income was $25,000 and you also have Social Security benefits being received, you may have taxes owed. You should complete a tax return entering all of your income and SS benefits received to get an accurate indication on whether you will owe taxes or not.
Go to this TurboTax website to start a tax return for Free - https://turbotax.intuit.com/personal-taxes/online/
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