Do I have to pay income tax on my Social Security benefits?
The answer is no if below a base income amount. Some people who receive Social Security benefits will have to pay taxes on their benefits. Less than one-third of our current beneficiaries pay taxes on their benefits.
You will have to pay federal taxes on your benefits if you file a federal tax return as an "individual" and your total income is more than $25,000. If you file a joint return, you will have to pay taxes if you and your spouse have a total income that is more than $32,000. For more information review IRS Publication Number 915.
Many states and local authorities do not tax Social Security benefits. You should contact your state or local taxing authority for more information
Can I have state or local tax withheld from my Social Security benefit?
No. The Social Security Administration has no authority to withhold state or local taxes from your benefit.
What should you do if you are required to pay tax federal income taxes on some or all of your social security benefits? Be thankful that you make enough money that this is a concern.
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