Taxes and Social Security
In This Chapter
- Are your Social Security benefits taxable?
- How to figure your adjusted gross income
- Deductions you can claim to reduce income taxes
- Reasons to withhold part of your benefits for taxes
Social Security benefits were not taxed by the federal government from 1938 until after the Social Security Act was amended in 1983. Beginning in 1984, part of Social Security benefits became subject to federal income taxes. Additional changes were made to Social Security taxation in 1993 as part of the Omnibus Budget Reconciliation Act.
According to “Taxation of Social Security Benefits,” Larry DeWitt from SSA ...