Why are Social Security benefits taxable?

Answer The Social Security program began withholding contributions from paychecks in 1937. However, the benefits were considered tax-free until 1984. New attitudes toward Social Security payments and new ... Read More »

Top Q&A For: Why are Social Security benefits taxable

Are both retirement benefits and Social Security Disability insurance benefits taxable?

SS retirement benefits ARE taxable - SS disability benefits MAY be taxable depending upon circumstances. See the Related Link below.

IRC Taxable Social Security Benefits?

You might have to pay taxes on some or all of your social security benefits according to the Internal Revenue Code (IRC). You may have to pay taxes on some of your social security or none of it, de... Read More »

Are social security benefits taxable as income?

Social Security benefits may be subject to federal income taxes if your total taxable income exceeds certain limits. However, as of 2010 no more than 85 percent of your Social Security benefits can... Read More »

Are Social Security benefits taxable in New Jersey?

Federal Social Security benefits are not taxable in the state of New Jersey. New Jersey is among the 27 states, plus the District of Columbia, that allow the benefits to be excluded from personal i... Read More »