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Why is social security not cut in half

 
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Why is social security not cut in half

There is no provision for it to be cut in half. To determine whether some of your SS benefit is taxable, the amount of 1/2 of your SS benefit plus all of your other income is added up. If that amount exceeds $25,000,Single or $32,000 MFJ, then some of your benefit is taxable. But that is the only significance to the "1/2 of your benefit". Your entire benefit is required to be listed on your tax return and Turbotax calculates how much of that entire benefit is taxable.

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Why is social security not cut in half

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**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Why is social security not cut in half

There is no provision for it to be cut in half. To determine whether some of your SS benefit is taxable, the amount of 1/2 of your SS benefit plus all of your other income is added up. If that amount exceeds $25,000,Single or $32,000 MFJ, then some of your benefit is taxable. But that is the only significance to the "1/2 of your benefit". Your entire benefit is required to be listed on your tax return and Turbotax calculates how much of that entire benefit is taxable.
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