| Are social sec benefits taxable? |
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tomseeley
Member
Cash: $ 2.85
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| Are social sec benefits taxable? |
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Unbelievably naive question, of course, and asked/answered already a zillion times, I'm sure, but I fergit!
If I start taking full retirement benefits next February, when I'm first eligible, and I stop earning any earned income, are the benefits taxable for federal income tax purposes?
Same question, if I keep earning earned income but I stay below whatever threshold SSA imposes on how much earned income I can have.
Thx.
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Wed Nov 11, 2009 8:50 pm |
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coaster
Senior Advisor
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For Federal income tax, you're taxed on your Social Security Benefits on a sliding-scale basis when your other income exceeds a certain amount. Don't remember for sure. I think it's in the neighborhood of $25K. But just plug in that same question on the IRS web site. It's incredible, but they've actually got a fairly decent search function there and vast amounts of information that pops out when you ask.
~Tim~
Eye Candy : Why Whimsy
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Thu Nov 12, 2009 3:56 am |
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payday_Loans
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It's a crazy world when you have to pay a tax, on a tax...
Antione lomont
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Sat Nov 21, 2009 7:47 am |
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coaster
Senior Advisor
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The government is pretty good at that, isn't it? If people only knew how much they're actually paying in taxes...........
~Tim~
Eye Candy : Why Whimsy
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Sat Nov 21, 2009 4:42 pm |
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Elmira Nancy
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It depends on your total income and in some cases up to 85% of SS can be taxable
TradeStation Review
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Wed Feb 03, 2010 7:01 am |
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alexender
Contributing Member
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It varies from government and you are never sure if you are asked to pay tax for a particular thing or not.
http://www.fharemortgage.com/FhaFixedRate.aspx
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Thu Feb 11, 2010 7:25 pm |
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