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That depends, if you're below the maximum amount of income that you can earn for that tax year, then it won't trigger a claw back of some of your social security. On the other hand, if your income is over the maximum amount you're allowed to earn, then the government will take the appropriate deduction from your social security.

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Q: How does capital gains income affect social security?
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Related questions

How does capital gains affect social security?

Capital gains are not considered wages. Therefore, they have no affect on eligibility of social security.


Does your wife's income affect your social security?

Absolutely. It affects her Social Security only.


What income does not apply to social security?

All unearned income interest, dividends, capital gains, etc. would not be used for your social security benefits amount.


Does 401K income affect social security benefits?

yes


Does stock sale affect Social Security Disability Income?

possibly


Does a union retirement fun affect Social Security Disability pay?

It is possible that some of the social security benefits could become taxable income on your income tax return.


Does Social Security payments affect Oklahoma unemployment?

No, it's considered an exempt income.


Are rental investments considered income for social security?

They are income but they do not require you to pay social security on that income.


does Mississippi Tax Social Security Income?

does Mississippi Tax Social Security Income


Is social security considered income for v.a pension?

Social Security Retirement & Social Security Disability Insurance (SSDI) are. Supplemental Security Income (SSI) are not.


Is there federal tax on social security income?

This depends on what your other income is besides your Social Security Income. Dependent on your filing status and other income your Social Security Income can very likely be partially taxable. Up to a maximum of 85% of your Social Security income can be taxable on your Federal Tax Return.


Is a retired person's income subject to Social Security taxes?

According to IRS publication 54 (2007), pensions are "unearned income" and thus in the same category as capital gains, dividends and interest income. Withholding tax is not assessed on pensions, capital gains, dividends and interest.