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diamondjimfredet
New Member

Why am i paying taxs on my sociol security?

 
1 Best answer

Accepted Solutions
DoninGA
Level 15

Why am i paying taxs on my sociol security?

Because you have reported other taxable income on your federal tax return.

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

View solution in original post

6 Replies
DoninGA
Level 15

Why am i paying taxs on my sociol security?

If you do not agree with the answer, it would be helpful if you commented on why.
diamondjimfredet
New Member

Why am i paying taxs on my sociol security?

cause i payed taxs on it when i started paying in to social secrity.an it was real money. amen
VolvoGirl
Level 15

Why am i paying taxs on my sociol security?

Best explanation I read from Hal_AL…….
When you were working, you only paid half of your SS tax. Your employer paid the other half. At first  SS benefits were  tax free; then Congress decided to tax 50% of it. You know; the half your employer paid for. But all those rich retirees were still getting half that money tax free, so they settled (for now) on taxing 85% of it. Then they ran for re-election on the 15% they "saved" you.
xmasbaby0
Level 15

Why am i paying taxs on my sociol security?

Social Security has been taxable since the early 1980's.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
DoninGA
Level 15

Why am i paying taxs on my sociol security?

Because you have reported other taxable income on your federal tax return.

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
SweetieJean
Level 15

Why am i paying taxs on my sociol security?

This answer is correct.
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