SENSEX
NIFTY
GOLD
USD/INR

Weather

image 19    C

Company News

The Economic Times

Company / The Economic Times

details

Big Social Security check? If you are above this amount, you need to act fast now

Social Security Benefit Above $25,000: Social Security benefit above $25,000 can trigger taxes, and understanding thresholds is crucial to avoid surprises. Many retirees unknowingly cross IRS limits of $25,000 for singles and $32,000 for couples, making benefits partially taxable. The IRS formula uses combined income, including adjusted gross income and half of Social Security benefits, to decide taxation. Smart strategies like Roth withdrawals, tax planning, and income control can legally reduce tax burden and protect retirement income effectively.

24 Mar 2026 10:56 pm