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    is social security benefits taxable when filing?

    +1  Views: 374 Answers: 1 Posted: 12 years ago

    1 Answer

    Social Security benefits are not taxable if your income is below a certain level.


    1


    Add up your adjusted gross income, nontaxable interest and one-half of your Social Security benefits. This total is your combined income.


    2
    Determine the base amount for your filing status. If you are married and filing jointly, the base amount is $32,000. If you are married and filing separately and have lived with your spouse at any time during the year, your base amount is $0. For anyone else, the base amount is $25,000.


    3
    Compare your base amount and your combined income. If the base amount is larger than the combined income, your Social Security benefits are not taxable.


    4
    Use the IRS worksheet to determine the tax on your Social Security benefits if your combined income is equal to or larger than your base amount.


    Read more: How to Determine if Social Security Benefits Are Taxable | eHow.com http://www.ehow.com/how_12343_determine-social-security.html#ixzz1m1KM1a39 


     


    IRS tax help telephone Assistance for Individuals:
    Toll-Free, 1-800-829-1040
    Hours of Operation: Monday – Friday, 7:00 a.m. – 7:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).


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