Determining how your income impacts Social Security (SS) taxes is important for tax planning. Factors that determine how much pay SS tax you pay, depending on your circumstances, include:
If you have income from working in retirement.
If you are self-employed.
If you receive interest, dividends, or other taxable income.
You may pay SS tax if you:
File an individual federal tax return, and if your combinedincome is between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits.
File a joint federal tax return, and you and your spouse have a combined income between $32,000 and $44,000; you may have to pay income tax on up to 50% of your benefits. If you have more than $44,000 in income, up to 85% of your benefits may be taxable.
Are married and file a separate tax return, you may have to pay SS taxes. […]
