2007-05-14 11:47:51 · 3 answers · asked by tfbushong 1 in Business & Finance ➔ Taxes ➔ United States
depending on your other income your social security can be either 0% taxable, 50% taxable, or if you have enough other income 85% taxable. I have included a link to calculating the taxability of social security benefits.
2007-05-15 01:30:34 · answer #1 · answered by Anonymous · 0⤊ 1⤋
add all of you income from all sources except social security
add 1/2 of your social security
if the total is over $25,000. for single or $32,000. for married couple (add her income too) you will start paying on a portion of your social security. The more you make over those amounts the more social security is taxed. If social security is your only income, no tax on that.
2007-05-14 20:17:00 · answer #2 · answered by Jo Blo 6 · 1⤊ 3⤋
Maybe. It depends on how much other income you have.
2007-05-14 19:37:32 · answer #3 · answered by Wayne Z 7 · 2⤊ 1⤋