How much can I take out of my IRA before it's taxable

tsiblue — Tue, 10 Mar 2026 07:14:12 GMT

I'm on social security filing married and jointly

Re: How much can I take out of my IRA before it's taxable

xmasbaby0 — Tue, 27 Dec 2022 20:45:34 GMT

Up to 85% of your Social Security benefits can be taxable on your federal tax return. There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits. When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable.

What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2019 it was $17,640— for 2020 it was $18,240; for 2021 it was $18,960. For 2022 it was $19,560 — for 2023 $21,240)

After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare.

To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2022 Form 1040

https://ttlc.intuit.com/questions/1899144-is-my-social-security-income-taxable

https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable

You need to file a federal return if half your Social Security plus your other income is $25,000 when filing single or head of household, or $32,000 when filing married filing jointly, $0 if you are filing married filing separately.

Some additional information: There are 13 states that tax Social Security—Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont, and West Virginia. These states offer varying degrees of income exemptions, but four mirror the federal tax schedule: MN, ND,VT, and WV

Re: How much can I take out of my IRA before it's taxable

NCperson — Tue, 27 Dec 2022 22:59:45 GMT

@tsiblue - use this website to determine:

https://www.dinkytown.net/java/1040-tax-calculator.html

enter in your personal information (filing status, age) and your social security income. for SS, you want to enter the gross amount before the deduction for medicare and Part D. Use the letter you received last December from SS to determine the monthly income....

then you can begin testing various IRA distribution amount until you start getting taxed.

topic How much can I take out of my IRA before it's taxable in Retirement tax questions

How much can I take out of my IRA before it's taxable

Re: How much can I take out of my IRA before it's taxable

Re: How much can I take out of my IRA before it's taxable