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Did Biden Twice Vote To Tax Social Security While in the Senate? ("Mostly true")
Snopes ^ | Sep 14 2020 | BETHANIA PALMA

Posted on 09/18/2020 12:35:19 PM PDT by rintintin

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To: Freee-dame

I am an Enrolled Agent.

Is Social Security taxable for not married :

(SS 1099-SSA box 5 net benefits / 2) + non-SS income > $25,000 Part of Social Security will be taxable

Is Social Security taxable for married :

(SS 1099-SSA box 5 net benefits / 2) + non-SS income > $32,000 Part of Social Security will be taxable


21 posted on 09/18/2020 5:35:44 PM PDT by DFG
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To: Freee-dame

Maximum 85% of your Social Security income can be taxable.


22 posted on 09/18/2020 5:40:56 PM PDT by DFG
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To: Paleo Pete

That’s about how it works out. If you are in a lower income group & on S.S. as well, you may not have to pay any taxes (or what you did pay in will be refundable). Of course the amounts that are deductible are changing fairly often. Now, if you had taxes taken out of your monthly S.S. check, then that’s another matter. A certain amount will be deducted from it for Medicare, however, & that will only increase. You’re unlikely to ever get rich from it, but in certain instances you can live on it(barely).


23 posted on 09/18/2020 9:21:42 PM PDT by oldtech
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