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Social Security: Taxation of Benefits

Social Security: taxation of benefits

Estimate the portion of a Social Security payment that is subject to federal income tax.

Filing status
Wages, pensions, dividends, and other income before Social Security
$
Municipal bond interest and other tax-exempt income
$
Enter half of the annual benefit — a reminder that only 50% is included in this line
$
First hurdle: $25,000 Second hurdle: $34,000

Taxable portion of benefit
$0
Percent of benefit taxed
0%
Not taxed
At this income level, none of the Social Security benefit is subject to federal income tax.
▸ Show the math
MAGI (AGI + tax-free interest + 50% of benefit)$0
Excess of MAGI over first hurdle$0
Excess of MAGI over second hurdle$0
Test 1: 50% of excess over 1st hurdle + 35% over 2nd$0
Test 2: 85% of the full benefit$0
Test 3: 50% of benefit + 85% of excess over 2nd hurdle$0
▸ Show income vs. hurdles
Below first hurdle Between hurdles Above second hurdle

Notes:

If MAGI is low enough, none of the Social Security payment will be taxed.

No more than 85% of the Social Security payment can ever be subject to taxation.

This estimate covers federal income tax only. It does not include the Additional Medicare Tax, state taxation of benefits, or any other federal or state provisions.

Clear all data?

This resets every input and returns the filing status to Single. This can't be undone.

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