You'll need to sign in or create an account to connect with an expert.
Up to 85% of Social Security Retirement/Disability/Survivors benefits 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
Your taxable SS benefits are $1,459, if all of the IRA withdrawal is taxable, then your Adjusted Gross Income is $13,459. With a Standard Deduction of $13,850 your taxable income is $0. You do not owe any federal income taxes.
Edited answer for accuracy - You do not owe any federal income taxes.
And you would get a refund of any withholding taken out of SS or your IRA. Is that all your income?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TXW
Returning Member
Garbanzor29
Level 2
jlsmjsfreeturb
Returning Member
JDH13
Level 1
hbouzari
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.