So the taxable amount that you would enter on your federal income tax form is $5,000 because it is lower than half of your annual Social Security benefit. The difference between your combined income and the base tax bracket (which is $25,000 for single filers) is $5,000. Half of your total benefits would be $10,962. ![]() Then let’s say you have a combined income of $30,000. Your total annual benefits would be $21,924.
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