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Irs Publication 915 for Form

Irs Publication 915 for Form

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do you know if your social security benefits are taxable a portion could be but it depends on your income and your filing status here's how to determine if your benefits are taxable hey guys my name is suhaili figueroa owner of firstfruit solutions and founder of aff so the irs is reminding taxpayers who are receiving social security that a portion of those benefits you may have to pay federal income tax on it so social security includes your monthly retirement survivorship and disability it does not include supplemental security income payments because that's not taxable so the portion of your benefits that are taxable it depends on your income and your filing status so to figure out if your benefits are taxable you should take half of the social security of the year and add it to your other income other income can include pension wages interest dividends and capital gains so if you're single and that total comes it comes out to more than 25 000 for the year then part of your social s

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