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Video instructions and help with filling out and completing 886-h-eic 2019-2021
Hi I'm mark for each acts calm many seniors receive Social Security benefits as part of their income however whether or not these benefits are taxable is reliant on any other benefits or income received throughout the year monthly retirement survivor and disability benefits are all included in Social Security income although Supplemental Security Income SSI benefits are non-taxable and therefore not included in general social security benefits generally if the only income you receive is from Social Security then you won't be subject to taxation and aren't required to file a return however if you have any additional income from any other sources you may have to pay taxes on the total amount in order to determine if your benefits are taxable you'll need to know the base amount of income for your filing status as follows single head of household or a qualifying widow or widower $25,000 married filing separately and lived apart from your spouse for the entire year $25,000 married filing jointly 32 thousand dollars married filing separately and live with your spouse at any time during the year 0 once you know your base amount you should take half of the amount you receive and Social Security benefits and add all of your other income if that total is higher than the base amount as per your filing status there's a good chance the excess will be taxed for more information visit attacks calm.