2min chapter

Common Sense Financial Podcast cover image

CSFP 003 | Social Security and Medicare with Rich Grawer

Common Sense Financial Podcast

CHAPTER

Is My Social Security Benefit Taxed?

Social Security to determine whether your Social Security benefits are taxed uses what is called provisional income. Provisional income is defined as modified adjusted gross income plus one half or 50% of your social security benefits. The bottom line is at worst, only 85% of your Social Security benefit will be taxed.

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