topic At our age is our social security income taxable? in Retirement tax questions

At our age is our social security income taxable?

2baddog — Tue, 04 Jun 2019 20:46:12 GMT

Age doesn't matter at all. Up to 85% of Social Security...

VolvoGirl — Tue, 04 Jun 2019 20:46:13 GMT

Age doesn't matter at all. Up to 85% of Social Security 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

When I was paying into social security, taxes were assess...

2baddog — Tue, 04 Jun 2019 20:46:15 GMT

When I was paying into social security, taxes were assessed on my gross pay. Is this not double taxation?

I'll contact another tax specialist

2baddog — Tue, 04 Jun 2019 20:46:16 GMT

I'll contact another tax specialist

You might want to look at the IRS Social Security benefit...

DoninGA — Tue, 04 Jun 2019 20:46:17 GMT

You might want to look at the IRS Social Security benefits worksheet on how the taxable portion of the SS benefits is calculated - <a rel="nofollow" target="_blank" href="https://apps.irs.gov/app/vita/content/globalmedia/social_security_benefits_worksheet_1040i.pdf">https://apps.irs.gov/app/vita/content/globalmedia/social_security_benefits_worksheet_1040i.pdf</a>

Also the IRS Form 1040 instructions for Social Security benefits reported on Lines 20a and 20b starting on page 27 of the instructions - <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=27">https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=27</a>

Social Security benefits can be taxable regardless of you...

DoninGA — Tue, 04 Jun 2019 20:46:20 GMT

Social Security benefits can be taxable regardless of your age. It is dependent on the other income being reported on your tax return.

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