Well, in this case, things vary depending on your income.
For example, if your adjusted gross income plus non-taxable income plus half your Social Security benefit add up to $25,000 or more ($32,000 for joint filers), you will have to pay federal income tax on a portion of your Social Security income. Even in this situation, though, note that your portion will never be higher than 85%.
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3 thoughts on “Top 7 Important Social Security Questions Answered for You”
How can I get a grant to help me with medical bills, meds and household exp. ,like food utilities etc.
I filed for ssi in 2017, l was layed off my job in 2016. I made a horrible choice due to depression of losing my job and withdrew funds from my 401k and paid my house off. I turn 65 this year and received letter from ssi saying l would be charged $458.00 a month for medicare based on my 2016 tax return, l cannot afford that. I appealed, went to the ssi office and was told it would be based on my 2017 tax return, but yesterday received a letter stating l would still be charged the $458.00, what can l do now to get the to readjusted based on my 2017 return?
I receive about $620 a month in S.S. From that $83 is taken out for Medicare, which I need desperately. I have an 11 yr old daughter who is in custody of my mother. I want to earn more money and have custody of her one day… I was wondering how much I am permitted to earn each month? Also I need a free, or affordable secondary insurance if possible… I want to take care of my health and find an affordable place of my own. In the long run, I want to become successful enough to not have to rely on S.S. Thank you for your time, I look forward to a response.