[20200612]IF11397_社会保障福利税亮点.pdf

https:/crsreports.congress.gov Updated June 12, 2020Social Security Benefit Taxation Highlights How Does Taxation of Social Security Benefits Work? Taxable Social Security Benefits Calculation of taxable Social Security benefits depends on the level of benefits and the level of non-Social Security income. Social Security beneficiaries whose provisional income is above one of two statutory thresholds pay federal income taxes on a portion of their Social Security benefits. Provisional income roughly equates to modified adjusted gross income plus 50% of Social Security benefits. Taxpayers filing as single with provisional income less than $25,000, and taxpayers filing a joint return with provisional income less than $32,000, do not pay federal income tax on their Social Security benefits. Taxpayers filing as single with provisional income between $25,000 and $34,000, and taxpayers filing a joint return with provisional income between $32,000 and $44,000, pay federal income tax on up to 50% of their Social Security benefits. Taxpayers filing as single with provisional income greater than $34,000, and taxpayers filing a joint return with provisional income greater than $44,000, pay fed