Social Security taxed

GaryMN

When is my Social Security taxable?

LaurenS

Great question! Taxable social security largely depends on your benefits, income, and filing status. According to the IRS, "your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status.

The base amount for your filing status is:

• $25,000 if you're single, head of household, or qualifying surviving spouse,
• $25,000 if you're married filing separately and lived apart from your spouse for the entire year,
• $32,000 if you're married filing jointly,
• $0 if you're married filing separately and lived with your spouse at any time during the tax year.

If you're married and file a joint return, you and your spouse must combine your incomes and social security benefits when figuring the taxable portion of your benefits. Even if your spouse didn't receive any benefits, you must add your spouse's income to yours when figuring on a joint return if any of your benefits are taxable."

You can also read more about this directly on the IRS site which is linked below.

https://www.irs.gov/faqs/social-security-income#:~:text=You%20report%20the%20taxable%20portion,amount%20for%20your%20filing%20status.