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.:confused:

I am lost and I would appreciate anyone's advise. In advance, I thank you!

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.