If 1/2 of my security is over the $25,000 threshold, am I taxed on the tax bracket that 1/2 of my social security falls into?
You'll need to sign in or create an account to connect with an expert.
It depends. Any social security income that becomes part of your taxable income will be at the same rate as your tax bracket. You can use the link below to see what the tax rate is for your 'taxable income' (Form 1040, Line 15).
The maximum amount of social security benefits that can be added to your tax return is 85% of your total benefits.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
rcfinzel
New Member
Samsolve
Level 2
brencadensgram
New Member
Samsolve
Level 2
rhondajones196
New Member