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Retirement tax questions
If you are asking about income limits for a reduction of your SS benefits, you would need to contact SS for that answer.
If you are asking about your benefits being taxable, depending on your other income and your filing status up to 85% of your benefits may be taxable.
"You will pay tax on only 85 percent of your Social Security benefits, based on Internal Revenue Service (IRS) rules. If you:
- file a federal tax return as an "individual" and your combined income* is
- between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
- more than $34,000, up to 85 percent of your benefits may be taxable.
- file a joint return, and you and your spouse have a combined income* that is
- between $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefits.
- more than $44,000, up to 85 percent of your benefits may be taxable.
- are married and file a separate tax return, you probably will pay taxes on your benefits."https://www.ssa.gov/planners/taxes.html
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‎December 30, 2019
3:33 PM