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Level 1
posted Jul 15, 2021 9:13:25 AM

Taxes and Social Security

From an income tax standpoint is better to take my social security at 68 or to wait until 70, if I am making up the difference from my retirement account?

 

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1 Replies
Employee Tax Expert
Jul 15, 2021 12:10:32 PM

This question would really depend on what type of income you will receive in addition to your benefits (Such as wages, self-employment, interest, dividends, and other taxable income that must be reported). 

For more information about taxation of benefits, read our Retirement Benefits booklet or IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits.