close
    is social security benefits taxable when filing?

    +1  Views: 382 Answers: 1 Posted: 13 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).


    Top contributors in United States category

     
    ROMOS
    Answers: 62 / Questions: 0
    Karma: 3105
     
    Colleen
    Answers: 168 / Questions: 0
    Karma: 2910
     
    Benthere
    Answers: 1 / Questions: 0
    Karma: 1530
     
    country bumpkin
    Answers: 24 / Questions: 0
    Karma: 1485
    > Top contributors chart

    Unanswered Questions

    Motchill TV
    Answers: 0 Views: 4 Rating: 0
    vz99wcom
    Answers: 0 Views: 5 Rating: 0
    sudaderas y camisetas de Cienanime
    Answers: 0 Views: 6 Rating: 0
    sv388grouporg
    Answers: 0 Views: 5 Rating: 0
    69VN
    Answers: 0 Views: 7 Rating: 0
    zipgenius3
    Answers: 0 Views: 5 Rating: 0
    bongdalu10com
    Answers: 0 Views: 6 Rating: 0
    ww88consulting
    Answers: 0 Views: 6 Rating: 0
    > More questions...
    497259
    questions
    733574
    answers
    833525
    users