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Some states tax social security, and some states don’t That said, filing may still be beneficial depending on your financial situation or if taxes were withheld. Each state has different filing requirements and income thresholds for filing tax returns

If social security benefits are your only income, determining whether you need to file a tax return is straightforward Most on social security alone don’t need to file in most cases, if social security is your only source of income, you are not required to file a federal income tax return According to irs guidelines for 2024, individuals whose income consists solely of social security generally do not need to file a federal tax return.

The irs looks at your total income to determine if your social security benefits are taxable

It also depends on your filing status For an individual, if your total income is more than $25,000, then you will have to pay taxes on part of your benefits For a married couple filing jointly, part of your social security benefits are taxable if your total income is more than $32,000. Social security benefits are typically not taxed if they constitute the only source of income

For most people receiving only social security benefits, you don't need to file a tax return Here's how to know for sure If you're single and your total social security benefits for the year were less than $25,000, you generally don't need to file If you're married filing jointly, that threshold increases to $32,000 of combined income.

Top frequently asked questions for social security income i retired last year and started receiving social security payments

Do i have to pay taxes on my social security benefits Are social security survivor benefits for children considered taxable income I received social security benefits this year that were back benefits for prior years.

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