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“If federal income tax was withheld from your Social Security benefits or other sources of income, filing a tax return is the only way to receive a refund of the overpaid taxes,” Zack Hellman ...
As a general rule, if Social Security benefits were your only income, your benefits are not taxable and you probably don’t need to file a federal income tax return, according to the Social ...
In 2024, Social Security benefits are subject to federal taxes for individuals with a combined income of over $25,000 ($32,000 for married couples filing jointly).
One-half of your Social Security benefits. All other income, including tax-exempt interest payments. So, if you received $20,000 in Social Security benefits and no other income, your gross income ...
Any plans to eliminate taxes on Social Security benefits would primarily help those beneficiaries who earn between $63,000 and $200,000, according to the Tax Policy Center.
According to CNET, 310 is a code that identifies the transaction as a refund from a filed tax return in the form of a direct deposit. See: 17 Tips To Live Comfortably Off Just a Social Security Check