Talk of The Villages Florida - View Single Post - SS & Taxes
Thread: SS & Taxes
View Single Post
 
Old 01-02-2014, 06:24 PM
rjm1cc's Avatar
rjm1cc rjm1cc is offline
Soaring Eagle member
Join Date: Apr 2010
Posts: 2,470
Thanks: 268
Thanked 583 Times in 283 Posts
Default

Quote:
Originally Posted by tippyclubb View Post
My husband went to the SS office today and was told he will only be taxed on wages earned and would not be taxed on any investment interest, other than federal taxes. I am confused because according to the SS website it clearly states any interest earned is counted as income. Perhaps, I misinterpreted it.

Can someone clarify this for us?
Probably a misunderstanding of terms.
My guess. No ss tax on interest. But when you calculate your income tax interest income can cause some SS to be subject to income tax.