I turned 60 last month and out of curiosity I looked up what I would be getting from SS when I hit 67 and I was saying hmmmm, a free cup of coffee courtesy of the US government. And I heard the checks are now taxed thanks to the Clinton criminal cabal. A lifetime of having my money stolen and then they steal more of it when a very tiny percentage of it is returned.
And that is what makes my jaws get tight. Clinton instituted a tax on Social Security benefits. Going to be a good day when his assorted venereal diseases catch up with him.
Up to 50% of Social Security income is taxable for individuals with a total gross income including Social Security of at least $25,000 or couples filing jointly with a combined gross income of at least $32,000. Up to 85% of Social Security benefits are taxable for an individual with a combined gross income of at least $34,000 or a couple filing jointly with a combined gross income of at least $44,000. Retirees with little income other than Social Security generally won’t be taxed on their benefits.
If you keep your earnings below these thresholds, none of it is taxed.
Social Security is NOT taxed.