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 Lane Your Own Question
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 12667
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
1929974
Type Your Tax Question Here...
Lane is online now
A new question is answered every 9 seconds

My wife does not work does she have to pay tax on social security

Customer Question

My wife does not work does she have to pay tax on social security - she has no other income
Submitted: 1 year ago.
Category: Tax
Expert:  Lane replied 1 year ago.
Hi,...Whether or not (and how much of) a social security benefit is taxable is based on TOTAL household income....More accurately, it's based on what Social Security calls "combined income," with is actually a very specific term meaning 1/2 of social security income PUS other household income....If you:...file a federal tax return as an "individual" and your combined income* isbetween $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 isbetween $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefitsmore 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....And again that "combined income:"...*Your adjusted gross income+ Nontaxable interest+ ½ of your Social Security benefits= Your "combined income"
Expert:  Lane replied 1 year ago.
You can read more about that here:...https://www.ssa.gov/planners/taxes.html...Please let me know if you have any questions at all....If this HAS helped, and you DON’T have other questions … I'd appreciate a positive rating (using the faces or stars on your screen, and then clicking “submit...That’s the only way JustAnswer will credit us for the work here....Thank you!Lane……I hold a law degree (JD, Juris Doctorate), with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in finance & tax, as well as CFP® and CRPS designations. - I’ve been providing financial, Social Security/Medicare, estate, corporate & tax advice since 1986.