You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
cpmita
New Member
adityapetluru
New Member
LIG34
New Member
JDF64
Returning Member
jsss8791
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.