Are Social Security benefits taxable?

In Virginia, Social Security benefits are taxable depending on your total income. For federal tax purposes, up to 85% of your Social Security benefits can be taxed if your total income is more than $25,000 (or $32,000 if filing jointly). For state tax purposes, Social Security benefits are federally exempt from Virginia income tax. This means that you should not report them as income unless you are claiming a federal deduction for Social Security benefits. To do so, you must submit your federal return and attach a copy of your federal return to your Virginia return. So, if you have an income of $25,000 or less, then your Social Security benefits are not taxable in Virginia. However, if your total income is more than $25,000, then up to 85% of your Social Security benefits can be taxable in Virginia. It’s important to note that Social Security benefits received prior to retirement age or survivor benefits are always taxable and should be reported accordingly. In summary, Social Security benefits in Virginia are taxable depending on your total income. Federal tax will consider up to 85% of your Social Security benefits taxable depending on your income. Virginia state tax will not tax your Social Security benefits unless you are claiming a federal deduction for them.

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