Income Taxes on Social Secuity Benefits

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Old 12-18-2007, 12:51 PM
chacam chacam is offline
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Default Income Taxes on Social Secuity Benefits

In a nutshell, cam someone explain how to figure out what percentage of social secutity benefits are taxable? I think that up to 85% of benifits are taxable but last year only about 50% of my benefits were taxed. If my income increases from other sources, I think the taxable amount of social security goes up. Is that right?

is there an easy formula to figure that out? The IRS work sheet is confusing.

Oswego, NY, Auburn, KY
Old 12-18-2007, 01:27 PM
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DickY DickY is offline
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Default Re: Income Taxes on Social Secuity Benefits

Remember, your dealing with the Federal Government and the IRS, they don't know the word "easy". (I worked for the IRS in another lifetime). The SSA link on the FAQ for taxes is
Harrisburg, Pa ----------> Village of Duval
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