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New Member
posted Feb 14, 2023 2:29:58 PM

Why did Turbo Tax tax me on social security benefits when the amount is under $25,000?

why am i being taxed on social security benefits

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2 Replies
Level 15
Feb 14, 2023 2:35:59 PM

Did you have other income besides the SS?   What other income did you enter?

Expert Alumni
Feb 14, 2023 5:50:49 PM

 

The IRS has an article about taxing Social Security benefits. If you have other income, then some of your social security benefits may be taxable. You can read more details in the IRS article.

 

"To find out if their benefits are taxable, taxpayers should:

  • Take one half of the Social Security money they collected during the year and add it to their other income.

Other income includes pensions, wages, interest, dividends and capital gains.

  • If they are single and that total comes to more than $25,000, then part of their Social Security benefits may be taxable.
  • If they are married filing jointly, they should take half of their Social Security, plus half of their spouse's Social Security, and add that to all their combined income. If that total is more than $32,000, then part of their Social Security may be taxable.

Fifty percent of a taxpayer's benefits may be taxable if they are:

  • Filing single, single, head of household or qualifying widow or widower with $25,000 to $34,000 income.
  • Married filing separately and lived apart from their spouse for all of 2019 with $25,000 to $34,000 income.
  • Married filing jointly with $32,000 to $44,000 income.

Up to 85% of a taxpayer's benefits may be taxable if they are:

  • Filing single, head of household or qualifying widow or widower with more than $34,000 income.
  • Married filing jointly with more than $44,000 income.
  • Married filing separately and lived apart from their spouse for all of 2022 with more than $34,000 income.
  • Married filing separately and lived with their spouse at any time during 2022."

@dricedrice13