Full retirement and income from work, still receive return on federal taxes ?

Forum|Forum|1 year ago
April 9, 2025
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Ask the Experts - Tax Due - April 2025

MAK70

It depends- you have to complete your tax return to see if you will receive a refund- and it really depends on how much withholding you had. If you do not have withholding from your retirement, you may want to adjust your withholding or make estimated payments if you do owe at the end of the year.

Jamhast Author

I don't have a retirement account per say. I am receiving SSA benefits for full retirement age.

MAK70

The taxable amount of your social security is dependent on the total of your other income- your benefits may be taxable if the total of (1) one-half of your benefits, plus (2) all of your other income, including tax-exempt interest, is greater than the base amount for your filing status. ($25,000 if single/$32,000 if married). TurboTax can calculate the amount that is taxable and this will determine if you have a refund. @Jamhast