Why are my social security payment taxable?

Forum|Forum|4 years ago
January 27, 2022
2 replies
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my husband died and i cashed in our iras now ny social security payments were added as income and they show as taxable income

TurboTax Deluxe Online

SweetieJean

Alumni - Champ

Up to 85% of your Social Security is taxable, depending upon your other income. Since you also had IRA income, that made some of your Soc Sec taxable.

MaryK4

Level 15

Your social security income is taxable (up to 85%) based on your other income. Your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status (Single, Head of Household or Qualifying Widow(er), the base amount is $25,000).

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