are social security benefits taxed

are social security benefits taxed插图

Best answer


not taxed

People also ask


  • How much of my Social Security benefits are taxable?

  • Up to 85 percent of the benefits received might be taxable but that depends on a lot of factors but most notable is the income test. If the person has any additional income but it鈥檚 below $25,000, benefits won鈥檛 be taxed.

  • Is Supplemental Security Income (SSI) taxable?

  • Supplemental Security Income (SSI) is never taxable. If you do have to pay taxes on your benefits, you have a choice as to how: You can file quarterly estimated tax returns with the IRS or ask Social Security to withhold federal taxes from your benefit payment. Updated June 30, 2021 More on Social Security and Taxes

  • Do I have to pay taxes on my Child’s Social Security benefits?

  • If your child receives Social Security dependent or survivor benefits, those payments do not count toward your taxable income. That money is taxable if the child has sufficient income (from Social Security and other sources) to have to file a return in his or her own name. Supplemental Security Income (SSI) is never taxable.

  • What states do not tax Social Security benefits?

  • State Taxes on Social Security Benefits: Taxed According to Federal Rules: Minnesota, North Dakota, Vermont, West Virginia: Partially Taxed (Exemptions for Income and Age) Colorado, Connecticut, Kansas, Missouri, Montana, Nebraska, New Mexico, Rhode Island, Utah: No State Tax on Social Security Benefits

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