If you were born in 1956 your full retirement age is 66 and 4 months. So if you are age 67 there is no reduction in your Social Security benefits if you are still working.
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
If you are over your full retirement age, working will not reduce your benefit.
If social security is your only income, it is not taxable. But if you have other taxable income from any source, then part of your social security benefit may also be taxable. (The benefit is not reduced by the social security administration, but it is taxed by the IRS.)
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