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Very possible, depending on your other income as up to 85% of social security income is taxable. If your marginal tax rate is 22% this would be correct.
Very possible, depending on your other income as up to 85% of social security income is taxable. If your marginal tax rate is 22% this would be correct.
Answered in comments:
See @Zbucklyo answer below. You can be taxed on up to 85% of your SS income if you make substantial other income. Since you did not have taxes withheld, this is the amount of tax on your SS income that makes the difference from refund to liability.
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