I believe you are asking how your income impacts the taxability of your Social Security benefits.
The amount of your Social Security that is taxable depends on your income. Income includes wages, interest, dividends, pension payments, and taxable distributions from traditional 401(k)s and IRAs (less adjustments), as well as nontaxable interest and half of Social Security benefits received.
Depending on your income, Social Security can be taxed as follows:
- If you file as an individual:
- Up to $25,000: No tax
- $25,000–$34,000: Up to 50% of your benefits may be taxed.
- More than $34,000: Up to 85% of your benefits may be taxed.
- If you file a joint return:
- Up to $32,000: No tax
- $32,000–$44,000: Up to 50% of your benefits may be taxed.
- More than $44,000: Up to 85% of your benefits may be taxed.
Remember that you will have your standard or itemized deduction to reduce your taxable income and from 2025 to 2028 an additional Senior deduction of $6,000 (or $12,000 if married filing joint) if you are 65 or over on last day of the tax year, have a valid Social Security Number and your modified adjusted gross income is $75,000 or under ($150,000 or under if married filing joint).
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