Income tax on Social Security benefits?

Since tax season is creeping up on us, some may be wondering whether or not you have to pay tax on your Social Security benefits. The simple answer is maybe.

If you file a federal tax return as an individual and your total income is more than $25,000, you will have to pay taxes on your Social Security benefits. If you file a joint return, you will have to pay taxes if you and your spouse have a total income that is more than $32,000.

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