Some people have to pay federal income taxes on their Social Security benefits.
To find out if any of your benefits may be taxable is to add one-half of your Social Security benefits to all your other income, including any tax-exempt interest. Next, compare this total to the base amounts below. If your total is more than the base amount for your filing status, then some of your benefits may be taxable. The three base amounts are:
- $25,000 - for single, head of household, qualifying widow or widower with a dependent child or married individuals filing separately who did not live with their spouse at any time during the year
- $32,000 - for married couples filing jointly
- $0 - for married persons filing separately who lived together at any time during the year
People are required to file a tax return based on their income. If your income including any taxable portion of SS is $21,850 or more you have to file a return.
You can get Social Security retirement benefits and work at the same time. However, if you are younger than full retirement age and make more than the yearly earnings limit, SSA will reduce your benefit. For 2016 that limit is $15,720.
You have asked about 3 separate issues so they all have a slightly different twist.
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