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#1
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Age Limit For Taxable SS Benefits??What is the name of your state? Pennsylvania Is there a certain age when Social Security benefits are no longer subject to federal taxes regardless of the taxable income received for the year? Explaination: I do my elderly parents taxes and based on the instructions for form 1040, I've determined that part of their SS benefits are subject to federal tax. My father is questioning this as he has had more than one person tell him (SS administrator for one) that because he and my mother are at least 75 years old, their SS benefits cannot be taxed regardless of their income. I've searched the instruction booklets and the IRS website, but have failed to find anything that pertains to this magical age. |
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#2
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| There is no magical age. They probably have it confused with the fact that in the past if you were over a certain age, your SS benefits would not be reduced if you were also employed. Anyone drawing SS who has income above $25,000 Single or $32,000 MFJ will have taxable SS. Snipes
__________________ This post does not create an agreement to represent you before the IRS, nor does it invoke confidentiality regulations. Postings are based only on the information provided and you should consult a tax professional in your area before relying on information contained in this post. |
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#3
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| Thanks Snipes. Your explaination is exactly what I've read and understood to be the law. Now what about the reduction in SS benefits based on income? Is that still in effect? Thanks, Jim |
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