I retired last year, and started receiving social security payments. Do I have to pay taxes on my social security benefits?

From WikiTaxGuide.com

Jump to: navigation, search

To determine whether any of your benefits are taxable, compare the base amount for your filing status with the total of one half of your social security payments plus all your income from other sources, including tax exempt interest. If you are married and file a joint return, you must combine your incomes and your social security and equivalent tier 1 railroad retirement benefits when figuring the taxable portion of the benefits.

-The Tax Pro

Retrieved from "http://www.wikitaxguide.com/wiki/I_retired_last_year%2C_and_started_receiving_social_security_payments._Do_I_have_to_pay_taxes_on_my_social_security_benefits%3F"
Personal tools