Are Social Security benefits taxable?

In California, Social Security benefits are generally not taxable. This means that the funds received from Social Security are not subject to any taxes imposed by the state. However, the federal government taxes Social Security benefits depending on the amount of other income the recipient has. Generally, if the total income (including Social Security income) is more than $25,000 for an individual or $32,000 for a married couple filing jointly, then up to 85% of the Social Security benefits can be taxable. Additionally, if the total income is above a certain threshold (which varies depending on filing status), then the Social Security benefits can be partially taxable. It is important for those receiving Social Security benefits to be aware of how their income will be taxed. For example, the taxation of Social Security benefits is different from other types of retirement income, such as from a 401(k) or IRA. Additionally, those receiving Social Security benefits should keep track of other income they earn, such as wages, to make sure that they are not paying too much in taxes. In summary, Social Security benefits are generally not taxable at the state level in California. However, the federal government may tax up to 85% of the Social Security benefits depending on total income. Therefore, it is important for those receiving Social Security benefits to be aware of the taxation implications of their income.

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Are Social Security benefits taxable?

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