From: Largo, Florida

Dear TaxMama,

I am retired and and have income some income from investments. In addition, I receive Social Security checks.

How much of my SS is subject to tax?

Thanks,

Alan

 

Dear Alan,

I dunno. This is a trick question, right?

Your taxable SS is based on your total taxable income. It's also different if you're married or single.

So, you've given me no tools to answer your question.

In general, though, SS income becomes taxable if your total income is $25,000 ($32,000 if married) or over.

When it IS taxable, up to 80% of your SS income is added to your other income.

You can read more information about this - and see IRS worksheet to figure out what part of your SS benefits will be taxable.

Best wishes,
Eva Rosenberg, MBA, EA