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It depends on how much other income you have. If social security is your only income, or even is most of your income, you won't owe tax on it. If your other income exceeds certain limits, you could pay tax on up to 85% of your ss benefits.

2007-12-25 15:46:16 · answer #1 · answered by Judy 7 · 1 0

Maybe. Social Security benefits except SSI may be subject to taxation. If 1/2 of your Social Security benefits (exclucing SSI) plus all of your other income exceeds:

$25,000 if your filing status is Single, Head of Household or Qualifying Widow(er)

$32,000 if your filing status is Married Filing Jointly

$0 if your filing status is Married Filing Separately

Then up to 85% of your Social Security benefits may be taxable.

2007-12-25 23:49:32 · answer #2 · answered by Bostonian In MO 7 · 0 0

YES

2007-12-25 23:43:21 · answer #3 · answered by jasper 1 · 0 3

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