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Is the taxable rate based on combined income amounts or each individual W2? I had 2 different W2's plus my husbands Social Security.

 
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HelenaC
New Member

Is the taxable rate based on combined income amounts or each individual W2? I had 2 different W2's plus my husbands Social Security.

When filing Married Filing Jointly, the tax rates are based on all your combined income, that is taxable. 

Related information:

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3 Replies
HelenaC
New Member

Is the taxable rate based on combined income amounts or each individual W2? I had 2 different W2's plus my husbands Social Security.

When filing Married Filing Jointly, the tax rates are based on all your combined income, that is taxable. 

Related information:

Is the taxable rate based on combined income amounts or each individual W2? I had 2 different W2's plus my husbands Social Security.

So if my it was showing we we're getting back $4k and I entered in my last W2 and now it shows we're owing $500 and says that $8k should have been withheld from the income it means all the income then? I just realized my husbands social security (first year receiving this) doesn't have taxes withheld from $39k.
HelenaC
New Member

Is the taxable rate based on combined income amounts or each individual W2? I had 2 different W2's plus my husbands Social Security.

Yes. From your post, it appears you should have income taxes withheld from your husband's social security or you could make estimated payments on Form 1040-ES or you could have additional taxes withheld from your pay.

Please see the following TurboTax FAQ: Whether or not your Social Security income is taxable depends on your total income, including your Social Security plus any other income. Generally speaking, if your only income is Social Security, you probably don't make enough money to be required to file a federal tax return.

For those with additional sources of income, the key figure is the Modified Adjusted Gross Income (MAGI). The MAGI includes half of your Social Security, plus other sources of income. Once your MAGI exceeds the base amount for your filing status ($32,000 for Married Filing Jointly, otherwise $25,000), at least part of your Social Security income becomes taxable. The taxable portion of your Social Security income increases once you reach additional MAGI thresholds.

To determine if your Social Security income is taxable, all you need to do is enter that income. TurboTax does the rest!

At the state level, many states exempt Social Security from taxation, either partially or completely. Again, if your sole income is from Social Security, it's likely you don't need to file a state return either.

TurboTax will automatically figure out whether you need to pay federal and/or state taxes on your Social Security income. Just enter your SSA-1099 information in TurboTax and we’ll let you know!
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