Income Limits For Social Security Taxable

File a joint return and you and your spouse have a combined income that is.

Income limits for social security taxable. 1 there is no maximum taxable income for medicare withholding. If that total is more than 32 000 then part of their social security may be taxable. For the 2019 and 2020 tax years single filers with a combined income of 25 000 to 34 000 must pay income taxes on up to 50 of their social security benefits. Fifty percent of a taxpayer s benefits may be taxable if they are.

File a federal tax return as an individual and your combined income is between 25 000 and 34 000 you may have to pay income tax on up to 50 percent of your benefits. The social security maximum taxable income for 2021 is 142 800. You aren t required to pay the social security tax on any income beyond the social security wage base. The social security maximum taxable income for 2020 is 137 700.

Filing single single head of household or qualifying widow or widower with 25 000 to 34 000 income. More than 34 000 up to 85 percent of your benefits may be taxable. In 2020 this limit is 137 700. If your combined income was more than 34 000 you will pay taxes on up to 85 of your social security benefits.