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To: ReverendJames

SS is taxed if your earnings are over a certain amount.

I don’t know what that is though.


20 posted on 03/07/2011 2:43:55 PM PST by Mears
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To: Mears

You’re taxed on anything over $25,000. Say you get SS and work a PT job and have a pension. The way it works is you take one-half of what you receive from SS and add in anything else. If the total comes to under $25,000 (and you’re single) you pay no tax. Anything over that you’re taxed. But a lot of that goes to the side when you add in your standard deductions.


34 posted on 03/07/2011 3:07:18 PM PST by ReverendJames (Only A Painter Or A Liberal Can Change Black To White.)
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