advertisement
Reply
 
Thread Tools Display Modes
Old 01-12-2011, 02:54 PM #1
Cblue Cblue is offline
Member
 
Join Date: May 2010
Location: Pennsylvania
Posts: 233
10 yr Member
Cblue Cblue is offline
Member
 
Join Date: May 2010
Location: Pennsylvania
Posts: 233
10 yr Member
Default Taxes

I know this question must have been asked numerous times, so please forgive me for asking it again. I have not been on here in a quite a while.

I know that if I am married filing jointly the amount of taxable income is $32,000 & over. I don't understand the 85% part...is only 85 % of it taxable? Our income in the $40,ooo range according to the thing that I got from Social Security. Some other place n that I googled said only half is taxed. My husband is on workers come, so accoring to our tax preparer, that is not taxable income...so the combined total is in the area of $40,000.

I am lost and I would appreciate anyone's advise. In advance, I thank you!
Cblue is offline   Reply With QuoteReply With Quote

advertisement
Old 01-12-2011, 06:03 PM #2
echoes long ago's Avatar
echoes long ago echoes long ago is offline
Senior Member
 
Join Date: May 2008
Location: new york
Posts: 1,579
15 yr Member
echoes long ago echoes long ago is offline
Senior Member
echoes long ago's Avatar
 
Join Date: May 2008
Location: new york
Posts: 1,579
15 yr Member
Default

the worksheet is on page 26 of this
http://www.irs.gov/pub/irs-pdf/i1040.pdf

page 6 of this explains the 50%-85% taxable

http://www.irs.gov/pub/irs-pdf/p915.pdf


if you file a joint return and one half of your social security benefits plus other income is over 32,000 then 50% of social security benefits are taxable.

If you add one half of your social seucirty benefits plus your other income and iit is over $44,000 then 85% of social security benefits are taxable.

Those numbers have not changed for many years now. no adjustment for inflation. toal BS.
echoes long ago is offline   Reply With QuoteReply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
i am approved now tell me about taxes wdwgranny Social Security Disability 19 08-14-2010 09:01 PM
Confused about taxes again xmelax36 Social Security Disability 0 08-10-2009 12:00 PM
taxes Hoosier_Daddy Social Security Disability 2 08-04-2009 01:33 PM
Do You Prepare Your Own Taxes? Kitty The Stumble Inn 22 01-13-2009 08:13 PM
Taxes Riverwild The Stumble Inn 10 04-14-2008 12:51 AM


All times are GMT -5. The time now is 03:44 AM.

Powered by vBulletin • Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.

vBulletin Optimisation provided by vB Optimise v2.7.1 (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
 

NeuroTalk Forums

Helping support those with neurological and related conditions.

 

The material on this site is for informational purposes only,
and is not a substitute for medical advice, diagnosis or treatment
provided by a qualified health care provider.


Always consult your doctor before trying anything you read here.