The portion of benefits that are taxable depends on the taxpayer's income and filing status.
To determine if your benefits are taxable, take half of your social security benefit for the year and add it to your other income (pensions, wages, interest, dividends, and capital gains etc.)
If you're single and this total comes to more than $25,000, then part of your social security benefits may be taxable. For married filing joint, if this total comes to more than $32,000, then part of your social security may be taxable.
- Fify percent of your social security benefits may be taxable if you're Single, HOH, or QW with $25,000-$34,000 income, Married Filing Joint with $32,000-$44,000 income.
- Up to 85% of your social security benefits may be taxable if you're Single, HOH, or QW with more than $34,000 income, Married Filing Joint with more than $44,000 income
For more info:
https://www.irs.gov/newsroom/irs-reminds-taxpayers-their-social-security-benefits-may-be-taxable
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