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2 replies

T
Alumni - Champ
TomD8Alumni - Champ
Alumni - Champ
May 24, 2022

No.  Pension payments, annuities, and the interest or dividends from your savings and investments are not earnings for Social Security purposes. You may need to pay income tax, but you do not pay Social Security taxes.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
    VolvoGirl
    VolvoGirl
    Level 15
    May 24, 2022

    But if you get SSA-1099 Social Security benefits some of it may be taxable based on your total income.

     

    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

     

     

     

     

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