Are Social Security old-age benefits subject to federal income taxes?
Correct Answer
Tell Me More
Recipients of old-age benefits with incomes of more than $25,000/year and couples with incomes of more than $32,000/year must pay federal income taxes on a portion of their old-age benefits. Note that at the outset of the Social Security program, the federal government published an informational pamphlet that stated the following with regard to old-age benefits: "You will get them regardless of the amount of property or income you may have."
DocumentationTaxes on Social Security Benefits
Latest Articles
Articles by Topic