How is Your Social Security Benefit Taxed in Retirement?

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Title	:	How is Your Social Security Benefit Taxed in Retirement?
Lasting	:	12.14
Date of publication	:
Views	:	54 rb

Zero for me all my retirement is in a roth
Comment from : bruce eigsti

After retirement getting Social Security, I can work and what kind of tax have to pay and what amount after the security Social Security pay tax Please let me know thank you
Comment from : mohammad khan

Yes, it is more desirable to have a larger social security benefit due not only to the favorable taxation but also for the inflation adjusted treatment brbrNow, SS benefits are subject to changes by Congress So, this makes it volatile as the deal can change at any time or cut the benefit as needed Same with portfolios, they are at wimps of the markets Risk Volatility is a problem in both cases SS benefits are the lesser of two evils
Comment from : Alberto Santa Barbara County CA

Finally, a video of this process that makes sense
Comment from : Linda

What about standard deduction Where does that play in ?? Not clear in video
Comment from : Jackie

I just got approved for SS payments (@ 65), got my first check last month Birth month is January My FRA is 66 and 8 months, so this being 6/2023, 14 or so more months to go before FRA Can I trade stocks and make money in my brokerage account without penalizing/threatening my SS?!?!? I know I can make $21,400 per calendar year, or around $1733 a month The money made in the brokerage account is all short term capital gains so will it be considered as wages/salary or capital gains and not affect the SS?!?!? I don't mind paying the federal taxes, I just don't want to jeopardize my SS!!!
Comment from : Alan Wilson

First of all, SS is NOT a benefit It’s a retirement fund you and your employers paid into during your working career Now, how many people have you heard of that pass away after a few years? What happens to their money? It goes back into the system Taxing SS should be banned, and survivors should be paid the funds that one has left behind as a result of an early death
Comment from : Tim Olson

I have them take 7 out of my checks each month,
Comment from : J r

Excellent explanation I didn't know about the 85 tax range Thank you for the thorough examples
Comment from : Rochdi Tidjani

Absolutely stunning in the way you layed it out Much Thankks!!!!!
Comment from : TraceElements195084

Thank you
Comment from : gelatin

Good info with realistic numbers explained in a simple to understand fashion
Comment from : Rob Evans

I'm headed towards SS and I still can't wrap my head around them stealing this money It's pure theft Taking a chunk out of what is a relatively a small amount of money that the elderly to need live off of It's unconscionable
Comment from : Serenity Peace and Comfort

My wife still works ($) + my pension ($) + ss (50) is the total income filing married???
Comment from : codeguy112

I’m confused; I thought social security don’t touch your IRA ? I have a Roth IRA and Roth 401k
Comment from : Silver Honda

Thank you Finally, someone explained this correctly, in a manner I can understand
Comment from : David Knoff

Great video dear, very helpful
Comment from : Visaghan Bhaskaran

very clear thx one question i have isMy wife still works and i will be collecting SS benefits this year, so i am assuming in this scenario her income will impact what my SS taxation equation will become?
Comment from : SuperBluemule

They taxed the money before you put into the social security system and now they want to tax it again when you take it out
Comment from : James McKee

The best explanation EVER Thank You
Comment from : HALIMA SKROZO

None of it should be taxedWho pulled this one over on the tax payer?
Comment from : R Lee

In any other pension there is a taxable basis of money in the fund that has already been taxed before it was contributed This money is not taxed again when it is withdrawn SS is treated as welfare because your taxes depend on your current income without regard to how much after- tax money you paid into the system as payroll taxes Originally SS was not taxed at all Thank Biden for voting to tax your SS check when he was a congressman
Comment from : Glenn Smollinger

No matter what you name it and how you calculate it, it is still government extortion !!
Comment from : Brad Art

I am expecting pension ofabout $64300 from my employer plus Society Security about $700 per month How do I calculate taxes this income?
Comment from : Paul Hunter

My question is I discovered my Dad owned 100 shares of stock from utility company SPIRE Inc If I take ownership these stock how will value of stock affect my taxes?
Comment from : Paul Hunter

i have stocks that i have owned over a year that i sold--you did not talk about capital gains that fits into the picture
Comment from : chuck

I think this could have benefitted from a 4th simple example For a retired married couple filing jointly with gross taxable income in excess of $44,000, they can ignore the complexity here - 85 of their entire social security benefit is subject to income tax
Comment from : A Merlin

On this subject you have the clearest explanation among all the other videos I have seen Thank you very much
Comment from : Orlando Aguilar

Thanks so much for your video I loved your video❤❤❤, very well explained Finally, I understood how they calculate on SSA
Comment from : DolSky

The question of how much of your SS gets taxed and by what rate when you are REAL savers that have several million in savings that derive a large sum in dividends and capital gains for taxable income, NOT including distributions you have to take fro 401k's, IRA's It's like our pension payment we receive goes to just pay the taxes on the investments
Comment from : Hott Puppy

Let me get this straight, I’m single and make 30k per year from Walmart so I get taxed on up to 50 of my SS and paying in to SS again because I’m working? WTH?
Comment from : Ron L

We already paid taxes when we were working at a job…why is the government double dipping on social security
Comment from : Rosanna Negri

I think $75K social security would be way above the maximum benefit you can even get right? So not a great example
Comment from : OnlywenIlaugh

iRA is not taxable jt was already taxed
Comment from : Richard C

The question is, how do we stop this right now, this is insanity
Comment from : The Paraclete

Anyway you put it, this is criminal
Comment from : The Paraclete

This was a great example, mainly because the numbers you are using is what I will be receiving I could not understand how they came up with the tax liability until you detailed it out Again, fantastic job with this video
Comment from : Jim Reimann

Best explanation!! Thank you! I going to retire this year Me and my wife make $110,000 per year My SS income is 12000 per year and my taxable income is $120,200 brAs far as tax for SS $10,200 is taxable Can you tell me how much actual tax I have pay for SS? THANK YOU again!!!
Comment from : BLUE SKY

Does turbo tax calculate it the same way and how does standard deduction married deduction affect this thanks
Comment from : AL Capot

Best explanation so far
Comment from : DianaY AB

There should be no taxes paid by our grandparents, they paid enough already Who decides that just because they are a single person their expenses are not real ? The mortgage or the rent , utilities , are not based on single or married , If with their body aches and pains they are lucky enough to get a very much needed job they should NOT be penalized with paying taxes
Comment from : CRYSTALLINE

thank you for your video's Im going to draw and probably retire sometime midyear Do they get the AGI from my financial status on that day or do they fall back to the 2021 tax returns ? My spouse is still gonna be working so we will be in the 85 area Im sure, just trying to get an idea of the amount Thank you
Comment from : IU DOG

Talk about RMDs and how that affects the equation
Comment from : Scott Stebbins

Great video!
Comment from : Maryland Mike

Excellent presentation
Comment from : Viaggi!

Thank you so much for this great 👍video I never know before!!!
Comment from : Mai Saenjai

What about the Roth distributions taken ? How does it treated in provisional income
Comment from : Gary Weese

Thank you so much for this very understandable explanation!!
Comment from : CK Welch

There are so many people who leave only SS Income, no addional income any kind I am one of them My yearly benefit was $20280,- What about this income level taxation? No videos talking about this situation
Comment from : Judith J Surán-Csatary

Great video, thank you so much! However in your examples, only half of the ss income is included into taxable income, which means, even when we say 85, that is 85 of the half ss income, not 85 of the full social ss income?
Comment from : Nan Jia

EXCELLENT explanation… thanks and subscribed !
Comment from : Rob Skully

I have $23,000 yearly in pension benefits and a total SSDI benefit of 19,500 yearly How much federal taxes would I have to pay the IRS?
Comment from : Teddy Bear

There's nothing confusing about the taxes on Social Security You're ultimately paying taxes on top of the taxes you've already paid See, it's simple and an example Government Criminality
Comment from : James Feldman

With the large COLA increase in 2022 did the provisional income brackets change also? Or will you be left with being able to take out less from retirement accounts to not get hit with the tax torpedo?
Comment from : Darrel Copeland

what happens to your 1200000 personal exemption?
Comment from : don johnson

I'm not sure why someone would be confused by your video I have been trying to find a good resource to help me understand how Social Security is taxed and this is the best information I have found It was very thorough, showing several examples of likely situations people would have It would be easy to plug in your own numbers to come up with the taxable income I had found other sources of how to figure the what you are calling Provisional Income but I did not understand if you could apply deductions to this taxable amount The answer you gave was yes, you can I had thought that any income you received that was not SS was taxed at 50 Is that just if it is a W2 wage? That is where I still am confused, or did I get incorrect informationbrGreat video!!
Comment from : Julie Born

This is the most confusing video I've ever seen in my life
Comment from : Mike Allensworth

Great video What's the most you could earn (either single or married filing jointly) while receiving SS without having to pay any income tax?
Comment from : David Rudge

Where do Roth withdrawals fall in these examples?
Comment from : Dan Casey

Very eye opening indeed! Nice breakdown and a thorough, easily understood explanation which is, as always, a trademark of your videos! Thank you!
Comment from : Peter Sancinito

What happens when the 85 range is greater than the SS benefit? Said another way: use income of $150K and SS benefit of $24K as an example Still graduated?
Comment from : Nadine Lamont