Quote:
Originally Posted by tippyclubb
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?
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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.