I will start collecting Social Security in 2023 and will still continue working full time. If I earn less than $50,000 in 2023 at my full-time job while collecting full social security at age 66 and 4 months, how will that affect the amount of federal income taxes I will need to pay?
Some of your SS may be taxable. You might want to have withholding taken out of SS or increase your job withholding to cover it.
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