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

 
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

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

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.

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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

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

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.

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