Are Social Security benefits taxable?

In Arizona, Social Security benefits may be subject to taxation depending on an individual’s income level. For individuals who earned below $25,000 in adjusted gross income (AGI), Social Security benefits are not taxable. For individuals who earned between $25,000 and $34,000 in AGI, a portion of Social Security benefits may be taxable. For individuals who earned more than $34,000 in AGI, up to 85% of Social Security benefits may be taxable. However, taxpayers who are 65 or over and are filing individual tax returns may exclude up to $50,000 of Social Security benefits from their taxable income. Married couples filing jointly may exclude up to $100,000 of Social Security benefits if both are 65 or over. The taxation of Social Security benefits is complex, and taxpayers should consult a tax professional in order to determine their eligibility and the taxable amount.

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Are Social Security benefits taxable?

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