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mrksci
New Member

I retired in june 2016 and started collecting soc sec.....i did not work after that no earned income, your software indicated that that a portion of it was taxable

none to add

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2 Replies
chloedeb
New Member

I retired in june 2016 and started collecting soc sec.....i did not work after that no earned income, your software indicated that that a portion of it was taxable

If you file jointly and your combined income is $32,000 to $44,000, up to 50% of your Social Security may be taxable. With combined income over $44,000, up to 85% of Social Security could be taxable.
puettz
New Member

I retired in june 2016 and started collecting soc sec.....i did not work after that no earned income, your software indicated that that a portion of it was taxable

I have the same question.  I retired in August and collected a couple of months Social security with no earned income after I retired.  I was told there is an exemption for the first year so the social security is not taxable?  Turbo tax is telling me most of it is taxable.  Is that correct?

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