Is my Social Security income taxable?

Social Security income is generally taxable. However, paying taxes on this income is dependent on your income level and filing status.

Per the IRS: to find out if your social security benefits are taxable, take one half of the Social Security money you collected during the year and add it to your other income (things like pensions, wages, interest, dividends, or capital gains) to get your Modified Adjusted Gross Income (Modified AGI).

If you have added all your income and find you are above the Modified AGI limits to be considered non-taxable income, please refer to the IRS’s Social Security Income page for more information.

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