I am on Social Security and am 71 years old will any of my Social Security be ta

  1. profile image48
    annstalloneposted 7 years ago

    I am on Social Security and am 71 years old
    will any of my Social Security be taxed in 2010

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    mommie4lifeposted 7 years ago

    If you use the 1040 or 1040-A tax forms you can find this out. If what you made for the year is more than the standard deductibles for income then you may be taxed for some of this income. For 2010 this means that if you made more than $5,700 if you're single or $11,400 if filing with your spouse you may owe taxes.

    See http://www.irs.gov/pub/irs-pdf/p554.pdf for more details.

 
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