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Are my Social Security benefits taxable?

Whether or not your Social Security benefits are taxable income depends entirely on how much your “combined income” is. Combined income is your adjusted gross income from working, plus any non-taxable interest you may have and half of your total annual Social Security benefits.  Depending upon your income tax filing status there are thresholds which, if you exceed, will turn a portion of your Social Security benefits into taxable income.  In this New Jersey Business article appearing at www.nj.com, columnist Karin Price Mueller explains how your benefits could become taxable.  Click here to read more.

 

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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