Social Security, AGI, and income taxes - Yahoo Finance
Do I pay taxes on my Social Security income? You will pay federal income tax if your adjusted gross income is at certain thresholds. The IRS defines Adjusted Gross Income (AGI) as gross income minus adjustments to income. Gross income includes your wages, dividends, capital gains, business income, retirement distributions as well as other income. But is my Social Security included in my adjusted gross income? The attached article defines adjusted gross income and how your Social Security benefits fit into your adjusted gross income. Read the attached article here…
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