General Discussion

dixiegrrrrl

(60,010 posts) Sat Jan 6, 2018, 04:48 PM Jan 2018

If you want to know if any of your Soc. Sec. income is taxable for 2017:

This calculator is a good one.

http://www.calcxml.com/calculators/how-much-of-my-social-security-benefit-may-be-taxed?skn=#results

Bottom line:
As of 2017, the threshold amount is $25,000 for singles and $32,000 for married couples filing jointly.

Married couples who live together but file separately have a threshold of $0 and must pay taxes on Social Security benefits regardless of other income earned.

9 replies

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If you want to know if any of your Soc. Sec. income is taxable for 2017: (Original Post) dixiegrrrrl Jan 2018 OP

Perhaps this is helpful snowybirdie Jan 2018 #1

I use VPN, and only one box needed input, so not a concern for me. n/t dixiegrrrrl Jan 2018 #2

That's was my first thought left-of-center2012 Jan 2018 #4

Damn. It looks like 85% of my meager benefits will be taxed and I will end up owing $2000-$3000 tblue37 Jan 2018 #3

Really? I'd see a pro, then... Wounded Bear Jan 2018 #5

Oh, I do have a pro do my taxes each year. nt tblue37 Jan 2018 #6

Tax is based on your total adjusted Federal income Lurks Often Jan 2018 #7

Me too, I think that is a totally unfair tax. You work 40-50 years and build doc03 Jan 2018 #8

Thanks RandomAccess Jan 2018 #9

snowybirdie

(5,227 posts)

1. Perhaps this is helpful

Reply to dixiegrrrrl (Original post)

Sat Jan 6, 2018, 04:54 PM

Jan 2018

but why would I put my income amounts on an unknown website? Pfishing?

dixiegrrrrl

(60,010 posts)

2. I use VPN, and only one box needed input, so not a concern for me. n/t

Reply to snowybirdie (Reply #1)

Sat Jan 6, 2018, 05:02 PM

Jan 2018

left-of-center2012

(34,195 posts)

4. That's was my first thought

Reply to snowybirdie (Reply #1)

Sat Jan 6, 2018, 05:18 PM

Jan 2018

and 2nd and 3rd.

tblue37

(65,391 posts)

3. Damn. It looks like 85% of my meager benefits will be taxed and I will end up owing $2000-$3000

Reply to dixiegrrrrl (Original post)

Sat Jan 6, 2018, 05:10 PM

Jan 2018

on the pathetic $14,300 I have collected in this, my first year of collecting.

Do you know if age matters? I still work and draw a salary, but I am 67.

Wounded Bear

(58,662 posts)

5. Really? I'd see a pro, then...

Reply to tblue37 (Reply #3)

Sat Jan 6, 2018, 05:24 PM

Jan 2018

I haven't filed for several years, since I retired actually. Of course SS is my only source of income, but I make more than 14k.

tblue37

(65,391 posts)

6. Oh, I do have a pro do my taxes each year. nt

Reply to Wounded Bear (Reply #5)

Sat Jan 6, 2018, 05:28 PM

Jan 2018

Lurks Often

(5,455 posts)

7. Tax is based on your total adjusted Federal income

Reply to tblue37 (Reply #3)

Sat Jan 6, 2018, 05:31 PM

Jan 2018

so if you are making above a certain amount between Social Security and your job, then yes you may owe money.

I don't believe age has anything to do with how you are taxed at the Federal level.

doc03

(35,340 posts)

8. Me too, I think that is a totally unfair tax. You work 40-50 years and build

Reply to tblue37 (Reply #3)

Sat Jan 6, 2018, 06:22 PM

Jan 2018

up a pension or an IRA and you get taxed double.

RandomAccess

(5,210 posts)

9. Thanks

Reply to dixiegrrrrl (Original post)

Sat Jan 6, 2018, 07:09 PM

Jan 2018

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