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New Member
posted Feb 19, 2023 12:19:20 PM

Why would the taxable portion of my social security increase by over $10000?

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1 Best answer
Level 15
Feb 19, 2023 12:22:25 PM

The taxable amount of you Social Security income is determined by how much other taxable income you have.   Above a certain threshold, as you increase the other income more of your Social Security income becomes taxable until it reached the maximum of 85% of your Social Security income being taxable.

1 Replies
Level 15
Feb 19, 2023 12:22:25 PM

The taxable amount of you Social Security income is determined by how much other taxable income you have.   Above a certain threshold, as you increase the other income more of your Social Security income becomes taxable until it reached the maximum of 85% of your Social Security income being taxable.