Social Security income is taxable at any age, depending on your income. In most cases, you’ll be taxed on up to 50% to 85% of your Social Security income. If you make below a certain amount, you will not need to pay taxes on your Social Security income.
The IRS determines if you’ll owe taxes on your Social Security benefits by looking at a figure known as your combined income. Your combined income includes your adjusted gross income, your tax-exempt income, and half of your Social Security benefits.
For 2022, if you make under $25,000 in combined income and file as single, you will not be taxed on your Social Security income.
If you make between $25,000 and $34,000, and are a single filer, you’ll be taxed on up to 50% of your Social Security income. If you make over $34,000, you’ll be taxed on up to 85% of your Social Security income.
Married, joint filers must have made under $32,000 in 2022 combined to avoid taxation on Social Security income. Married, joint filers who made between $32,000 and $44,000 will be taxed on up to 50% of their Social Security income, while those who made over $44,000 will be taxed on up to 85% of this income. There are some exceptions and more complicated tax situations to take into account. You can use the IRS taxable benefits tool to help figure out your combined income.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article