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You will pay tax on your Social Security benefits based on Internal Revenue Service (IRS) rules if you: File a federal tax return as an "individual" and your combined income* is. Between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits.
You will pay tax on your Social Security benefits based on Internal Revenue Service (IRS) rules if you: File a federal tax return as an "individual" and your combined income* is. Between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits.
You can ask us to withhold federal taxes from your Social Security benefit payment when you first apply. If you are already receiving benefits or if you want to change or stop your withholding, you'll need a Form W-4V from the Internal Revenue Service (IRS).
Submit a request to pay taxes on your Social Security benefit throughout the year instead of paying a large bill at tax time. You will pay federal income taxes on your benefits if your combined income (50% of your benefit amount plus any other earned income) exceeds $25,000/year filing individually or $32,000/year filing jointly.
You must pay taxes on up to 85% of your Social Security benefits if you file a: Federal tax return as an “individual” and your “combined income” exceeds $25,000. Joint return, and you and your spouse have “combined income” of more than $32,000.
Download a copy of your 1099 or 1042S tax form so you can report your Social Security income on your tax return. Your 2023 tax form will be available online on February 1, 2024. Most people get a copy in the mail.
SSI provides monthly payments to people with disabilities and older adults who have little or no income or resources. Learn how to apply.
If you are working, there is a limit on the amount of your earnings that is taxable by Social Security. This amount is known as the “maximum taxable earnings” and changes each year. The maximum taxable earnings have changed over the years, as shown in the chart below.
Tax season is approaching, and Social Security has made replacing your annual Benefit Statement even easier. The Benefit Statement is also known as the SSA-1099 or the SSA-1042S. Now you can get a copy of your 1099 anytime and anywhere you want using our online services.
Social Security Quick Calculator. Benefit estimates depend on your date of birth and on your earnings history. For security, the "Quick Calculator" does not access your earnings record; instead, it will estimate your earnings based on information you provide. So benefit estimates made by the Quick Calculator are rough.