Hi, my name is ***** ***** I thank you for your inquiry. I have been practicing SS law full time for 10+ years and look forward to assisting you.
That will depend on your "combined income", filing status.
file a federal tax return as an "individual" and your combined income* is:
*between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
*more than $34,000, up to 85 percent of your benefits may be taxable.
file a joint return, and you and your spouse
have a combined income* that is:
*between $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefits
*more than $44,000, up to 85 percent of your benefits may be taxable.
*are married and file a separate tax return, you probably will pay taxes on your benefits.
Here is how you figure your COMBINED INCOME:
Your adjusted gross income
+ Nontaxable interest
+ ½ of your Social Security benefits
= Your "combined income"
Plug in your actual numbers from your tax records, and this will tell you WHAT portion of your SS will be taxed vs. what part NOT TAXED.
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