topic Your age doesn’t matter. in Retirement tax questions

I recived a ssa-1099 for $4350.00 for 2018, I turned 66 oct. 8 2018. my wages 2018 are $55,744. do i pay taxes on ssa income?

jim-marshall — Wed, 05 Jun 2019 23:42:17 GMT

Weather you pay taxes on the SS income or not is really i...

Carl — Wed, 05 Jun 2019 23:42:18 GMT

Weather you pay taxes on the SS income or not is really irrelevant. Since you do have other sources of income that are reportable, then you also have to include that SS income on your tax return. How much of it (if any) will be taxed depends on the amount of your "other" income. But in your case, I can pretty much tell you that you're going to be paying taxes on a maximum of 85% of your SS income.

Your age doesn’t matter.

VolvoGirl — Wed, 05 Jun 2019 23:42:20 GMT

Your age doesn’t matter.

Yes some of your SS benefits will be taxable. You have t...

DoninGA — Wed, 05 Jun 2019 23:42:21 GMT

Yes some of your SS benefits will be taxable. You have to report the benefits received and reported on a SSA-1099 on your federal 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