How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Christopher B, Esq. Your Own Question
Christopher B, Esq.
Christopher B, Esq., Tax Attorney
Category: Tax
Satisfied Customers: 2677
Experience:  associate attorney
84496330
Type Your Tax Question Here...
Christopher B, Esq. is online now
A new question is answered every 9 seconds

72 yr old woman with following question - Need information

Customer Question

72 yr old woman with following question - Need information about taxes for alimony and social security received. This is her only income. Lives in Maryland.
Submitted: 11 months ago.
Category: Tax
Expert:  Christopher B, Esq. replied 11 months ago.

My name is***** and I will be helping you with your question today. This is for informational purposes only and does not establish an attorney client relationship.

Social Security benefits are non-taxable or partially taxable, depending on how much extra income you are generating from other sources.

Filing status Base amount Additional amount

Single $25,000 $34,000

If your provisional income is below the base amounts for your filing status, then your Social Security benefits are completely non-taxable. If you provisional income is between the base amount and the additional amount, then half of your Social Security benefits over the base amount are taxable. If your provisional income is over the additional amount, then $4,500 plus 85% of your Social Security benefits over the additional amount are taxable. The taxable portion of your Social Security benefits cannot exceed 85% of your total benefits. It is doubtful with only alimony that you would need to pay taxes on this income. So most likely the social security income will not be taxable. The alimony on the other hand is taxable as income to you at 100%.

Please let me know if you have any further questions and please positively rate my answer as it is the only way I will be compensated for my time by the site.

Expert:  Christopher B, Esq. replied 11 months ago.

I see you have reviewed my answer, do you have any further questions? If not, please please positively rate my answer if satisfied (there should be smiley faces or numbers from 1-5 next to my answer, a good or excellent rating would be fantastic) as that is the only way I will be compensated by the site for my work. This will not cost you anything extra and this extra step would be appreciated.