Retirement tax questions

If you received social security income and you are filing a return, you need to report the social security income. However, the social security may not be taxable.

Social security is only taxable if 1/2 of your social security income plus all of your other income is greater than a base amount. The base amounts differ for filing status. The amounts are as follows:

• 32,000 for married couples filing jointly.

• $25,000 for single, head of household, qualifying widow/widower with a dependent child, or married individuals filing separately who did not live with their spouses at any time during the year.
• $0 for married persons filing separately who lived together during the year.