Comments on: Working Past 66: The Impact on Social Security Benefits

By: Daniel Eagan

Daniel Eagan — Thu, 06 Sep 2012 17:02:23 +0000

I”m glad.

By: Patricia Robinson

Patricia Robinson — Thu, 06 Sep 2012 16:59:03 +0000

This information is invaluable, Thank you.

By: Daniel Eagan

Daniel Eagan — Wed, 11 Jul 2012 19:51:14 +0000

Yes, the more income you have, the greater the portion of your benefits that will be includable in taxable income, up to 85% of your benefit amount. It''''s important to note that the income used for the calculation of benefit taxability extends beyond just wages. It also includes retirement account distributions, pension income and portfolio income. Even nontaxable interest earned becomes part of the equation. Once those benefits are included in taxable income, your taxable income is subject to the same progressive tax structure as everyone else''''s income. That means you pay 0% on your first dollar of taxable income at the federal level up to 35% on the last dollar. For more information about taxation of benefits, see IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits.

By: Donald Yanell

Donald Yanell — Sun, 01 Jul 2012 20:05:02 +0000

Since I still work while receiving Social Security benefits, I always feel that the law is not fair. I pay regular income taxes on my social security benefits, as well as my other retirement income, approximately 35%, while my retired friends pay the minimum income tax on their Social security benefits, about 15%. I am being penalized for working! Your comments please

By: Dan Eagan

Dan Eagan — Fri, 17 Feb 2012 15:16:51 +0000

You”re welcome!

By: social security eligibility

social security eligibility — Fri, 17 Feb 2012 13:43:15 +0000

Thanks for the update. I really appreciate the efforts you have made for this blog.

By: John McMahon

John McMahon — Fri, 03 Feb 2012 21:03:43 +0000

And yet, for each year one waits to receive SS benefits, the benefit amount goes up by 8.0 %.