Q. I’m doing my taxes. Are my Social Security benefits going to be subject to federal income tax?
A. Generally speaking, that will depend on your total income. The higher your income, the more taxes you’ll pay on your benefits. Here’s how it works: If you file as an individual and your combined income — by this, Social Security means adjusted gross income and nontaxable interest plus one-half of your Social Security benefits — is below $25,000, your benefits won’t be taxed at all. If income is between $25,000 and $34,000, up to 50 percent of your benefits may be subject to tax. For income of more than $34,000, up to 85 percent of your benefits may be considered taxable income. If you and your spouse file a joint return with a combined income below $32,000, your benefits are out of reach. For income between $32,000 and $44,000, up to 50 percent of benefits may be taxable, and up to 85 percent if combined income is more than $44,000. For this and more, visit the full Q&A at AARP National.
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The St. Lawrence County Chapter (SLCC) #2831 is a community of advocacy and volunteers whose purpose is to 1) promote at the local level the priorities, programs and policies specific for the benefit of our seniors, 2) maximize member engagement in a broad menu of services, information and educational activities, 3) demonstrate the contributions and potential of people who are 50+ to encourage their full participation in contemporary life, 4) create fundraising opportunities to achieve self-sufficiency, and 5) stimulate public interest in a variety of issues.
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November 2019
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