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If I am 70 and I receive SS and I work do I have to pay

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If I am 70...

If I am 70 and I receive SS and I work do I have to pay taxes on my benefits

Accountant's Assistant: These retirement benefits are supposed to help us but they can be so complicated! The Retirement Expert will help you get the most benefits properly. Please tell me more, so we can help you best.

I make $10,000 a year in SS and $24,000 at my job do I need to pay taxes on my SS

Submitted: 4 months ago.Category: Social Security
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Answered in 2 minutes by:
3/23/2018
Social Security Expert: TaxRobin, Tax Preparer replied 4 months ago
TaxRobin
TaxRobin, Tax Preparer
Category: Social Security
Satisfied Customers: 18,378
Experience: 15+ years in tax preparation and instruction
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Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

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Social Security Expert: TaxRobin, Tax Preparer replied 4 months ago

For your situation yes, some of your SSA is taxable. About $2000 is taxable.

Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income in addition to your benefits. Your "combined income" is only

You look at half your SSA and all your other income. If that amount 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.

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