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taxes > taxable income > social security Reporting Social Security Benefits at Tax TimeSocial Security benefits are considered income, may be taxable and therefore reportable to the IRS. Do your taxes online, for free: Reporting social security benefits
Social Security benefits are income and may or may not be taxable, depending on your filing status and other income. Taxable Social Security BenefitsTo determine if your social security benefits are taxable, figure out your base amount according to your filing status. Your base amount is: Sidebar How are social security benefits taxes?From 50-85% of your social security benefits is taxable income. How to report your social security benefitsIf your social security benefits are taxable use Form 1040, or Form 1040a. Work on your return, for free. Related IRS publicationsFor more information about reporting Social Security Benefit check out IRS Publication 915. Note: you will need an Adobe Acrobat Reader to view these publications, which you can get here. (But you probably already have it.)
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