You cannot take the standard deduction if you itemize. Part 3: Social Security Benefits – Are They Taxable? Up to 85% of your Social Security benefits may be taxable depending on your combined income : Combined income = Adjusted gross income (AGI) + nontaxable interest + ½ of Social Security benefits Taxability thresholds (2024):
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| Filing Status | 0% taxable | Up to 50% taxable | Up to 85% taxable | |---------------|------------|-------------------|-------------------| | Single, Head of Household, Qualifying Widow(er) | Under $25,000 | $25,000–$34,000 | Over $34,000 | | Married Filing Jointly | Under $32,000 | $32,000–$44,000 | Over $44,000 | | Married Filing Separately (lived apart all year) | Under $25,000 | $25,000–$34,000 | Over $34,000 | | Married Filing Separately (lived together) | — | — | Up to 85% of benefits is taxable |
| Filing Status | Under 65 | 65 or Older | |---------------|----------|-------------| | Single / MFS | $14,600 | $16,550 | | Head of Household | $21,900 | $23,850 | | Married Filing Jointly (both under 65) | $29,200 | N/A | | Married Filing Jointly (one 65+) | $29,200 | $30,750 | | Married Filing Jointly (both 65+) | $29,200 | $32,300 | | Qualifying Surviving Spouse | $29,200 | $30,750 |
Add $1,550 if single/head of household; $1,250 per blind spouse if married (add to age amount).
