Are social security benefit payments taxed?

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How can I find out if the social security benefits are taxable? I am getting social security benefits but I don’t know if I am supposed to pay any taxes for this income.

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score 0 · Answer 1 · 2012-12-02T15:46:03+00:00

It depends on your gross income. The base amounts (tax free allowance) depends on your marital status. If your social security benefits plus your other income (from other sources) exceeds this base amount, then yes the social security benefits are taxable.