How Much Social Security Is Taxable?

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Title	:	How Much Social Security Is Taxable?
Lasting	:	5.44
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Do you think Social Security should be taxable? 😡
Comment from : Devin Carroll

Hello, quick question, I am a 62 yo retired Federal employee I get a monthly annuity and have Federal tax taken out of that My wife still works and has Federal tax (10) taken out each paycheck This past year we got a Federal tax refund of over $2k Since I turned 62 two months ago, my SSA Supplement ended Starting this month I will begin receiving my Social Security benefit payment which works out to be about $700 more than my SSA supplement was per month My question is, since my wife and I received a good amount from last years Federal tax return, am I required regardless to have additional Federal tax taken out of my Social Security benefit even if I think we are paying adequate Federal Taxes on our income? Thank you
Comment from : JET

Here is how they can save money Eliminate the Ex-spousal jump to the highest earner, and do a means test to determine if they have earned enough to get benefits IF it is so, that is all they get on their on volition and not game the system for higher unearned payouts
Comment from : Ray McCarty

No way!!!
Comment from : Samuel King

What tax rate is used on the taxable portion of income
Comment from : Vickie Scholl

no
Comment from : Vickie Scholl

If everyone today was taxed on 1984 numbers we would at uproar, at best Why are social security recipients forced to do it?
Comment from : terry bumpass

Should not be taxable
Comment from : Gypsy Traveler

I’m turning 62 this year and am planning to retire and maybe defer til Jan24 to file…brMy wife will continue to work for 15 years till she is eligible to file for her SSbrWhat is the tax liability that I’m facing ?
Comment from : Charlie Lawrence

NO!!!!!
Comment from : Charlie Lawrence

Absolutely not
Comment from : Bridgette Pinkelman

His Calculation is wrong because he did not factor in the standard deduction amount that would be subtracted off the $72k Thats $2510000 for a married couple with a addition amount if over 65 So the taxable income would be at most $46,90000
Comment from : Donald Weiselberg

No We paid for it while we were still working
Comment from : Ron Agcopra

No I don't
Comment from : [] Bhadijen []

Definitely not
Comment from : J P

No it should not be taxable
Comment from : Douglas Herman

I don’t think it’s fair that we should taxes on our social security When the CEO,S of major corporations find ways for them not pay less our none taxes Millionaires and sports athletes fall under this category We work more than half our lives to support our families Our congress and senate really don’t care for seniors barely surviving All they care for is themselves and their corporate friends
Comment from : Mario Martinez

If 50 percent of social security is taxable according to my combined income 50 is considered brfor incomebrAre we taxed on the total ss amount received or 50 brthat was determined to be combined income? brThank you! Great show as always!
Comment from : Deb Ische

The money we earned to pay SSI was already taxed It is a crime to tax the same dollar twice But that's our gov Corrupt to the bone
Comment from : Sheri Willhite

N0!!!
Comment from : wabinagi

Creepy Joe Biden is the worthless POS who cast the deciding vote to tax social security That worthless SOB has been in Washington for 50 years and every single thing that moron has touched has turned to pure shit How did an incompetent jackass like that ever become president of the United States is what I want to know - are the RATS dumb enough to vote for a moron like that nobody can be that stupid but evidently they are
Comment from : Jerry Boucher

No
Comment from : Judith A Spunaugle

No not at all
Comment from : Sheryl McDonald

NO!! )
Comment from : Alfred Hitchcock

No, it should not be taxable!🤬🤬🤬🤬🤬🤬🤬🤬
Comment from : patricia rangel

Social security should not be taxed Period!!
Comment from : Brian Henderson

No
Comment from : Rita Strange

NO ABSOLUTELY NOT, the income that has been used for social security benefits was a taxable income that has been taxed once You cannot tax the taxed ever again, that's double dippingbrIf the GOVERNMENT would PAY themselves less and quit GAMBLING our money away in the STOCK MARKET, There would be plenty for all QUIT building your slush funds and think of your people firstbr It always, "Trickles down" onto us brNow we are tired of officials always taking from us, take from our "Governments Wallets" not the people who are the workers that keep America going They don't need to make such outrageous salaries, we need them to be capped and not stay in office for life
Comment from : Christina Kern

It should not be taxable
Comment from : Vanessa LivinginLC

There also seems to be a marriage penalty for filing jointlybrYou take $25,000 deduction when singlebrbut, you only take $34,000 when marriedbrbrOn what occasion is it better to file married filing separately?brIt seems to be that when one spouse makes a lot more money
Comment from : Rich Johnson

Social Security is a government’s ponzi scheme I am 50 and I already invested my money in 401k for decades and invested my money in real estate and mutual funds Do not rely on Social Security as your only source of income or you’ll live like a broke college student
Comment from : Duc Ly

Okay Broad overview is kind of an understatement I find it odd and even a little suspicious that you guys never mention the minimum standard deduction or any of the deductions that also apply You do know the distress you cause some by being vague and illusive with very crucial facts I presume its like you think its some obscure trade secret In your examples most people would owe NO TAX!
Comment from : Pajaro loco

No
Comment from : Shirley Bennett

No
Comment from : beautiful

Social Security, Disability and Unemployment should not be taxable with incomes below 50k Life is tough enough without them jamming you for programs that are supposed to help a poor person survive
Comment from : Kris Conrad

No
Comment from : Randy Arnell

No, I don’t think social security should be taxable We are already suffering I am a single senior and only get 1200 a year Let’s be real most seniors receive much lesser amount
Comment from : Doris Reyes

No it should not be taxed
Comment from : Warren louisiana

No Tax SS Already paid tax in that money
Comment from : Cooper

your s/s should not be tax
Comment from : QuinnJ Hartnett

No,we paid taxes already on that money so why should we double taxed? That's not right
Comment from : Maribel Vasquez

What a great questionbut Do you reall mean -brDo you think the government should steal from people?brIf so how much should they steal?brbrHow about the government killing people?brOld people?brUnborn people?brAlleged terrorists?brJewish people ?
Comment from : Jeff Washington

Social security should not be tax, however on politicians social security should be tax
Comment from : Jack Rosario

tax no
Comment from : QuinnJ Hartnett

NOWAYWE PAID TAX ON SS
Comment from : Ellis Smith

No it should not
Comment from : Chevy Miami

NO
Comment from : Shirley Carter

No, its a tax we already paid How can they tax a tax?
Comment from : Nancy Hartwell

No We could have invested this money ourselves and actually MADE money on it instead of letting the government use it at our expense No No 1000 times no
Comment from : K G

If we pay for social security through our working years, where is our interest earn by someone while we worked for 40 years Now, we need to collect but the goverment wants to be paid more to let us use our investments in our old age ????
Comment from : William Nickerson

definitely not!!
Comment from : Joyce Sewald

No it shouldn't be taxable
Comment from : Emily Stansell

no because we paid taxes as we earned the money and were already taxed
Comment from : Lorena Akins

No SS should not be taxable
Comment from : Kathy Bobbe

Not only do I think it should not be taxed, at age 64 I should be able to make asMuch money as I want with no penalties I have no problem paying taxes on wages
Comment from : william long

Se benefits should not be taxed
Comment from : Miguel Perez

No
Comment from : juanita large

Absolutely not! Especially for those whose only income is their SS income
Comment from : J Winsor

No on taxes and property taxesno on income tax too
Comment from : Randy Higgins

no also does this work out the same at the state level for the states charging income tax?
Comment from : zerxil k

Why do you keep saying "up to 50" and "up to 85" when it IS 50 and 85 for the amount within those ranges? You are confusing lots of people Or is there a formula to use to determine exactly what percentage is taxable within those ranges?
Comment from : JD Rhea

Absolutely not👎🏼
Comment from : Bridgette Pinkelman

In my opinion social security should not be taxable
Comment from : Gary Kyle

Hi from WA State: SS should not be taxable if total income is at the poverty line For income above the poverty line, it should be taxed at the regular rate I would like to see a decrease tax adjustment for seniors whos income is below 100,000 year
Comment from : Ears

All the monies paid throughout the working years were being held by the government, without interest being paid And now they want to tax it? Completely greedy and unfair
Comment from : Holly McDonald

Absolutely not We struggle daily Can't make it NOW We need a stimulus check from the ignorant government
Comment from : marcia padilla

No, paid tax up frond and no interest earned
Comment from : Richard Ryan

Should not be taxable
Comment from : Diane Vitale

No People living on fixed-income are already living lower income
Comment from : Cathy Harryman

Subscribed You are answering questions I've had for a long time! Thank you!
Comment from : magenta44

NO
Comment from : KentuckyLady

SSI should definitely NOT be taxed Period
Comment from : Jeff Darrell

Would’ve been nice if Could’ve given us an example of a single person
Comment from : Angel Reed

Absolutely not! It has already been taxed
Comment from : Kat Thompson

A BIG NO !!!!!!
Comment from : edward fritz

Thank Ronald Reagan for your Social Security tax bill
Comment from : Steve Blake

No
Comment from : Diana B

Absolutely NOT!!
Comment from : Sandra Oconnor

Should not be taxed We have already paid tax Why pay again?
Comment from : Oscar Garcia

Absolutely not
Comment from : Sandy Jolley

Over a certain amount I'd say yes
Comment from : Pete morton

No, Social Security should never be taxable
Comment from : Maubi Smith

SS should not be taxable This is double taxation(without representation)
Comment from : Mike Powell

No, Social Security should not be taxable
Comment from : B Bagley

No I don't make enough to live on now
Comment from : Vera Fuson

Don’t tax Social Security! Haven’t we already paid taxes on that money? It’s time for an overhaul on taxes! And since they took that money in taxes before, how can they take more? How many times are they going to tax our money that we’ve already paid Now I see why politicians have so much money! They don’t use their own money! They use ours! Damn! Just about everything we have been taught in school and college is just BS! OH, BTW, I paid for my college loans but I continue to get contacted by people who want to help me pay my loans! AGAIN? Not going to happen! It’s time for any politicians who have been in office for more than 2 TERMS, needs to get a new job! TERM LIMITS! Presidents can only run for 2 terms, so why not Senators and Representatives That’s how PELOSI has made her MILLIONS! People! OPEN YOUR EYES!
Comment from : Margie Whaley

My question is before your combined income is added to the social security table do you first account for the standard deduction which i believe is 12,000 something just under 13
Comment from : Larry Filbeck

No, social security should not be taxed! Nor should Medicare!
Comment from : norma WITHROW

No… should not be taxable I already paid taxes on the amount that I put in
Comment from : Edmond Russell

Social Security SHOULD NOT BE TAXED
Comment from : Richard Morholt

No, We paid FICA for years
Comment from : Laura Vivas

Hi Devon, thank you for your videos Today I had my phone interview with SSA I will start my benefits this coming October I asked the SSA rep about exceeding the early SS wage limits (currently $19560) I was told that should I go over the limit I would be penalized 1dollar for every 2 dollars over the limit I asked if my benefit would be adjusted and was told I would have to pay the overage penalty when i do my taxes Do you know if there is an IRS publication which addresses my question as I have been given 3 different answers from SS reps?
Comment from : David Leigh