topic WHEN ARE SOCIAL SECURITY PAYMENTS TAXABLE ? in Get your taxes done using TurboTax

WHEN ARE SOCIAL SECURITY PAYMENTS TAXABLE ?

Doneita13 — Fri, 07 Mar 2025 20:22:37 GMT

I AVE RETIREMENT AND INTEREST INCOME OF 10,500. i AM 86 YEARS OLD I RECEIVED SOCAIL SECURITY PAYMENTS TOTALING 24600. IS MY SOCIAL SECURITY BENEFIT TAXABLE.

Re: WHEN ARE SOCIAL SECURITY PAYMENTS TAXABLE ?

DoninGA — Fri, 07 Mar 2025 20:25:06 GMT

Up to 85% of Social Security Retirement/Disability/Survivors benefits 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

Re: WHEN ARE SOCIAL SECURITY PAYMENTS TAXABLE ?

DawnC — Fri, 07 Mar 2025 20:26:46 GMT

For those with additional sources of income, the key figure is the Modified Adjusted Gross Income (MAGI). The MAGI includes half of your Social Security, plus other sources of income. Once your MAGI exceeds the base amount for your filing status ($32,000 for Married Filing Jointly or $25,000 for all others), at least part of your Social Security income becomes taxable. The taxable portion of your Social Security income increases once you reach additional MAGI thresholds. Is my social security taxable?