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1024wtf
New Member

Why is my SS income being taxed?

My wife and I took the minimum required from our respective Ira. acct's. and had 25% taken for the IRS.  My wife receives a pension which has the taxis taken out.

Why is it that when I add in our social security cks, we go from a substantial refund to a big deficit?

1 Best answer

Accepted Solutions
DoninGA
Level 15

Why is my SS income being taxed?

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security reaches:

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

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1 Reply
DoninGA
Level 15

Why is my SS income being taxed?

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security reaches:

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

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