Is a person receiving social security payments exempt from paying federal income tax?

Answer 1

Your social security income may be taxable. It depends upon the combined income of both you and your spouse (if you have a spouse). To calculate your combined income, add your adjusted gross income plus nontaxable interest earned plus one-half of your social security benefits.

If you file as an individual and your combined income is between $25,000 and $34,000 - 50% of your social security benefits are taxable. If your combined income exceeds $34,000 then 85% of your social security benefits are taxable.

If file a joint income tax return with your spouse, 50% of your social security income is taxable if your combined income is between $32,000 and $44,000. If it exceeds $44,000 then 85% of your social security income is taxable.

For more information, go to the IRS site http://www.irs.gov/newsroom/article/0,,id=107537,00.html.

Answer 2

Not if they have other income. If social security is a person's only income, it doesn't get taxed. If they have other income, it depends on whether the other income is enough to have to file and pay taxes. With enough other income, some of the social security payments become taxable also.

Answer 3

yes as long as that is your only income. Now if you have other earned income you need to take your W2s and you social securtiy 1099ssa form to the tax service so they are able to figure out if any is taxable

Answer 4

My mom received SS due to disability. She got a statement from the social security office called form ssa-1099 ss benefit statement. It says that you may still have to file, and to look at IRS Pub. 915, or to contact the IRS if you have questions...

Answer 5

I seem to think some SS benefits are/can be taxable. The 1040 instructions used to have a worksheet to calculate the taxable portion (i think). Check the irs website and 1040 instructions to be sure.

Answer 6

if you are over 65, you will pay no tax on your SS benefits; however, if you are still employed in some capacity, you still pay taxes on your earnngs and have SS and Medicare deducted from those earnings

Answer 7

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