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Level 1
June 6, 2019
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Recieved ss benefits after full retirement why are my ss benefits bing taxed age

  • June 6, 2019
  • 1 reply
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Best answer by VolvoGirl
The tax is different than the rule about being under age.  When you are under retirement age they will actually reduce your checks if you make too much other income.

But SS is always taxable.  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

1 reply

VolvoGirl
VolvoGirlAnswer
Level 15
June 6, 2019
The tax is different than the rule about being under age.  When you are under retirement age they will actually reduce your checks if you make too much other income.

But SS is always taxable.  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
VolvoGirl
Level 15
June 6, 2019
2 different things.  How much they pay you and how much is taxable.  If you are under full retirement age then your Social Security monthly checks will actually be reduced if you make too much the prior year.