Dont you pay federal income tax on Social Security? Many states dont tax SS but I thought the Feds tax 85% of your SS if you earn over $34,000 in other income.
Is that wrong? Is all SS money untaxed by the Feds?
It’s a complicated formula, made more complicated by the adjustments to income that they use to determine the “earned” amount, but yes, up to 85% of SS benefits can be taxed as ordinary income.