Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Jul 27, 2022 10:33:32 AM

Federal Taxes

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?

0 1 117
1 Replies
Level 15
Jul 27, 2022 10:35:26 AM

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