Explore the 1,000’s of tax questions answered by professionals.

Back to

QUESTION DETAIL

Related User

Votes

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


ANSWER


Expert Todd Alexander's Answer:

It depends upon your total benefits and other income.  Generally, 50% is the maximum taxable amount, but in some cases up to 85% can be taxed.

Todd Alexander, CPA

California

20 yrs experience

  • Currently 5.0000/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
31 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions