Are Social Security Benefits Taxable?
The short answer is “maybe,” depending on the amount of your total income from all sources, including half of your Social Security benefits for the tax year. Your so-called “provisional income” - your Adjusted Gross Income on your tax return, plus any other non-taxable income you have (like non-taxable interest), plus 50% of your SS benefits - is what determines if your Social Security is taxable, as explained fully in this “Savvy Senior” article by Jim Miller, appearing in the Logan (OH) Daily News. 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.