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Yes, you may have to pay income tax if your modified adjusted gross income is $25,000 or more for a single person, or $32,000 or more for a couple filing jointly. Social Security benefits are taxed at 0%, 50% or 85% (see below), depending on your total taxable income.

If you are retired or disabled and Social Security benefits are your only source of income, you will need to file, but generally will not be taxed. If you received income from sources other than Social Security, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status.

  • For a single taxpayer, If your total AGI is less than $25,000, you pay tax on 0% of your benefits.
  • If your total AGI is $25-34,000, you pay tax on 50% of your benefits
  • If your total AGI is above $34,000, you pay tax on 85% of your benefits
  • For a married couple filing jointly, If the total AGI is less than $32,000, you pay tax on 0% of your benefits.
  • If your total AGI is $32-$44,000, you pay tax on 50% of your benefits
  • If your total AGI is above $44,000, you pay tax on 85% of your benefits

You can do the following quick computation to determine whether some of your benefits may be taxable:

  • First, add one-half of the total Social Security benefits you received to all your other income, including any tax exempt interest and other exclusions from income.
  • Next, compare this total to the base amount for your filing status, if the total is more than your base amount, then 50% or 85% of your benefits may be taxable.
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13y ago
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13y ago

2010 and 2011: About one-third of people who receive Social Security Disability benefits pay taxes on their income. Taxes are calculated based on "provisional income" (Adjusted Gross Income + tax-exempt interest + one-half of annual benefit amount).

  • Single tax payers with provisional income of less than $25,000 per year, or married, filing jointly with provisional income less than $32,000 per year will not pay tax on their benefits.
  • Tier 1: Single tax payers with provisional income of $25-34,000 per year, or married, filing jointly with provisional income $32-44,000 per year pay tax on 50% of whichever is less: 50% of Social Security benefits received; or one-half of the difference between provisional income and the applicable base amount.
  • Tier 2: Single tax payers with provisional income over $34,000 per year, or married, filing jointly with provisional income over $44,000 per year pay tax on 85% of whichever is less: 85% of Social Security benefits received; or one-half of the difference between provisional income and the applicable base amount.
  • Under most circumstances, people who are married but filing separately, and who reside in the same household as the spouse, pay 85% tax on benefits.
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9y ago

Yes, if your combined income is high enough up to 85 percent of your social security is taxable. To calculate your combined income take your adjusted gross income and add nontaxable interest and one-half of your total social security benefits.

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15y ago

Yes, but only those with income outside of Social Security. If you have other income such as a pension, retirement plan distributions, wages, interest, dividends or capital gains, then you may have to pay taxes on a portion of your Social Security income.

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12y ago

People receiving Social Security are not exempt from taxes.

If your ONLY source of income is Social Security and you are not married filing separately, it is unlikely you will owe any federal tax. You may owe state tax.

But you still owe taxes on any income from wages, pensions, IRA distributions, 401k distributions, investments, interest, etc, just like anyone else. Whether you will owe federal taxes on your Social Security payments depends on a complicated formula involving your filing status, total other income (including some non-taxable income), and amount of Social Security benefits.
No.

Social Security is only taxable if you have other income in excess of certain thresholds. Since you have no other income, your Social Security is not be taxable.

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14y ago

[Copied from IRS.gov - see link below]

Are Your Social Security Benefits Taxable?

IRS TAX TIP 2009-31

How much, if any, of your social security benefits are taxable depends on your total income and marital status. Generally, if social security benefits were your only income for 2008, your benefits are not taxable and you probably do not need to file a federal income tax return.

If you received income from other sources, your benefits will not be taxed unless your modified adjusted gross income is more than the base amount for your filing status. Your taxable benefits and modified adjusted gross income are figured in a worksheet in the Form 1040A or Form 1040 Instruction booklet.

Before you go to the instruction book, do the following quick computation to determine whether some of your benefits may be taxable:

  • First, add one-half of the total social security you received to all your other income, including any tax exempt interest and other exclusions from income.
  • Then, compare this total to the base amount for your filing status. If the total is more than your base amount, some of your benefits may be taxable.

The 2008 base amounts are:

  • $32,000 for married couples filing jointly
  • $25,000 for single, head of household, qualifying widow/widower with a dependent child, or married individuals filing separately who did not live with their spouses at any time during the year
  • $0 for married persons filing separately who lived together during the year

For additional information on the taxability of social security benefits, see IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits.

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12y ago

Read the part in your tax guide that has a simple equation for determining the the amount of social security to report. It is a small fraction of what you actually receive that you need to report as income.

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12y ago

No.

Social Security is only taxable if you have other income in excess of certain thresholds. Since you have no other income, your Social Security is not be taxable.

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