Taxes on Social Security Income

[gdharkins]

I am concerned that our social security income shows as nontaxable, in the income summary, even though we did not arrange to withhold any federal taxes upfront.  We do have interest income from a personal loan, a separate (taxable) pension income and a carryover rental loss.  If the rental loss more than offsets the other income, would that loss affect whether or not the SS income shows as taxable?

[AmyC]

Yes, a rental loss does reduce your taxable income. A reduced taxable income reduces the taxable Social Security. It is fine for your Social Security to not be taxable. It will not affect your stimulus check.