do you have to pay income tax on social security ????

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do you have to pay income tax on social security ????

2007-06-19 06:57:18 · 3 answers · asked by themaggie5 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

If one half of your SS plus all other income exceeds $25k (single filer) then some or all of your SS may be taxable.

2007-06-19 07:01:22 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋

If it's your only income, no. If you have other income, you might have to pay income tax on part of your ss benefits, up to 85% of them, depending on how much your other income is.

2007-06-19 14:31:15 · answer #2 · answered by Judy 7 · 1⤊ 0⤋

Yes, but it depends on your income. Check on their web site since you didn't give the source and amount of your income.

2007-06-19 14:02:27 · answer #3 · answered by Ginger 6 · 0⤊ 1⤋