Ask an Accountant

Question
I’m 63 receiving SS each month. The limit I can earn is about 19,000. What happens if I go over that amount?
Answer
Hi there! Social Security income is tax-free until your income exceeds $25,000 for single filers. Once you cross that threshold, half of your benefits become subject to tax.

No answer given yet!

Sarah York, EA

Sarah is an Enrolled Agent with the IRS and has 6 years of tax and accounting experience. She's an avid hiker, animal lover, and self-proclaimed chocolate connoisseur.

Followup question?
Ask away.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Got a different question? Ask our accountants.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Find write-offs.
File taxes.

Keeper Tax helps independent contractors and freelancers discover tax deductions and file taxes.

try free →