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KLS54
New Member

social security

Why did Turbotax tax my Social Security benefits at a higher taxable amount

than it did last year?

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2 Replies

social security

Answered in your prior post for the same subject here - https://ttlc.intuit.com/community/state-taxes/discussion/social-security/00/3164588

JohnB5677
Employee Tax Expert

social security

Once you hit the threshold for taxable Social Security, the tax will be in your highest tax bracket, and both the Social Security and your other income will be taxed.

 

The threshold is when all your other income plus 1/2 of your social security reaches:

  • Single or Head of Household - $25,000
  • Married Filing Jointly - $32,000
  • Married Filing Separately - 0

The chart below are the tax brackets for 2023

 

For a single taxpayer

$0 to $11,000  - 10%

$11,001 to $44,726 - 12%

$44,726 to $95372 - 24%

 

For Married Filing Jointly

$0 to $22,000 - 10%

$22,001 to $89,450 - 12%

$89,451 to $190,751 - 22%

 

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