#10 Important Social Security Questions Answered

Although Social Security is a benefit program, a significant portion of what you receive may be taxable. If you file your taxes jointly and have a combined income between $32,000 and $44,000 as a couple, 50% of your benefits may be taxable. If you jointly and have a combined income of more than $44,000, up to 85% of your Social Security benefits may be taxable. For single filers, the income range is $25,000 to $34,000, with earnings above $34,000 taxed at up to 85%.