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If you collect income in addition to Social Security, you may owe taxes. You can be sure by adding 50 percent of your benefits to any additional income. If you exceed the base amount for your filing status, 50 to 85 percent of the benefits could be taxed.Source:
by MR2David on December 30th, 2010
It can vary quite a bit. Since Obama took office more and more people are paying taxes on SSA benefits than ever before. You can end up paying taxes on 50% - 85% just for having a wage earner and being married.
IRS Pub 17 p. 81 (http://www.irs.gov/pub/irs-pdf/p17.pdf) has a Worksheet 11.1 that will guide you to a firm answer.
Is the stimulus tax break for Social Security recipients taxable?
by Answerbag Staff on July 14th, 2010
| 1 person likes this
my boss is paying me in cash right now it is a long story how can I check to see if she is paying my social security
by brenda1963 on August 10th, 2010
| 1 person likes this
Do I pay taxes if I'm on SS disability& Medicare& have no earned income?
by Answerbag Staff on July 13th, 2010
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Do you have to pay federal income tax on Social Security at 65 years of age?
by Answerbag Staff on July 11th, 2010
| 1 person likes this
If social security runs out before I can draw from it should I be angry enough to want to kick an old man?
by -O-uknow on April 20th, 2011
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