Social security

  • 1

Question: Are my social security benefits taxable?

Answer: Up to 85% of social security benefits can be taxed. Whether your benefits will be taxed depends upon your total income from both taxable and tax-exempt sources. Once your total income reaches $25,000 ($32,000 for married couples), a portion of your benefits will be subject to income tax.



All stories by: speakeasy

Comments are closed.