I turned 65 I have reg. Ira I am planning on having 450 monthly. My SSI is around 1500 monthly .I have been on disability .My question is will I have to pay tax?

[DoninGA · Accepted solution]

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

SSI is Supplemental Security Income.  It is welfare and not reported on a tax return.  It is not provided by the Social Security Administration.

Social Security Retirement/Disability/Survivors benefits are administered by the Social Security Administration.  You receive an annual benefit statement each January, Form SSA-1099.  The benefits are reported on your tax return along with any other income that is received.