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Can you advise what percentage of Social Security Benefits

will be subject to State...
Can you advise what percentage of Social Security Benefits will be subject to State or Federal tax?
I am 67 years of age
retiring with estimated monthly SS Income $2,425.00, $29,100.00 per year
no other source of income
Male, Single, with no dependents
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Answered in 5 minutes by:
7/13/2013
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
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MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

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If social security is your only source of income, you have no tax

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Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
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Megan C
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
16,581 Satisfied Customers
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

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