Support CenterHow do I determine if my Social Security Benefits (SSA-1099) are taxable in SureFire Web Version?
A quick way to find out if any of your Social Security benefits may be taxable is to:
Add one-half of your Social Security benefits to all your other income, including any tax-exempt interest.
Compare the total to the threebase amounts below:
$25,000 - for single, head of household, qualifying widow or widower with a dependent child or married individuals filing separately who did not live with their spouse at any time during the year
$32,000 - for married couples filing jointly
$0 - for married persons filing separately who lived together at any time during the year
If your total is more than the base amount for your filing status, then some of your benefits may be taxable.
For more on this topic visit IRS.gov.
Notes:
Social security benefits include monthly retirement, survivor, and disability benefits. They do not include Supplemental Security Income (SSI) payments, which are not taxable.
Whether or not your Social Security income is taxable depends on your total income, including your Social Security plus any other income. Generally speaking, if your only income is Social Security, you probably don't make enough money to be required to file a federal tax return.
For those with additional sources of income, the key figure is the Modified Adjusted Gross Income (MAGI). The MAGI includes half of your Social Security, plus other sources of income. Once your MAGI exceeds the base amount for your filing status ($32,000 for Married Filing Jointly, otherwise $25,000), at least part of your Social Security income becomes taxable. The taxable portion of your Social Security income increases once you reach additional MAGI threshholds.
Additional Information
Para obtener la versin en espaol de este artculo de Knowledge Base, haga clic aqu:Cmo determino si mis Beneficios del Seguro Social (SSA-1099) estn sujetos a impuestos en SureFire Web Version?
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