When Is Social Security Income Taxable?
To find out, look closely at two factors. September 28, 2018 Your Social Security income could be taxed. That may seem unfair or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since 1984. Social Security benefits became taxable above a certain yearly income level in that year. A second, higher yearly income threshold (at which a higher tax rate applies) was added in 1993. These income thresholds have never been adjusted upward for inflation.1 As a result, more Social Security recipients have been exposed to the tax over
September 28, 2018
