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February 24, 2025
Question

Why have my taxable social security benefits more than doubled from last year

  • February 24, 2025
  • 1 reply
  • 0 views
There was no significant increase in income

    1 reply

    February 24, 2025

    Did you change your filing status from Married Filing Jointly to Married Filing Separately?  If so, that will cause your Social Security benefits to become 85% taxable.

     

    The other reason could be a slight increase in income could have put you into the 85% taxable from the 50% taxable. Sometimes only a few dollars will make a difference. 

     

     

    If you fall into the following, 85% of your social security is taxable income

    • Single with income above $34,000
    • Married Filing Jointly with income above $44,000
    • Married Filing Separate regardless of income

    If you fall into the following, 50% of your social security is taxable income

    • Single with combined income between $25,000-$34,000
    • Married Filing Jointly with combined income between $32,000 and $44,000

    Your combined income is calculated by adding your

    • AGI plus
    • Nontaxable Interest plus
    • 1/2 of your social security Benefits

    Social Security Benefits Taxes

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