Are My Social Security Benefits Taxable?

Financial Resources, News, Tax Resources

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Tax returns for the 2023 tax year are due on Monday, April 15, 2024 for most people. If you receive Social Security benefits, you may be wondering if they’re taxable. The IRS has created a tool to help you find out.

To get started, here’s some information you should know:

Supplemental Security Income (SSI) payments or payments you received on behalf of a dependent are NOT taxable.

However, you may need to pay taxes on your (or your spouses if filing jointly) other Social Security benefits and income such as:

  • Disability benefits
  • Survivor benefits
  • Social Security monthly retirement benefits
  • Dividends
  • Tax-exempt interest
  • Earned income

Learn if your benefits are taxable

Use the IRS’s online tool to learn if any of your benefits are taxable. The estimated time to complete the form is less than 10 minutes.

To fill out the form, you will need:

  • Basic information to help you determine your gross income
  • Social security benefits amount from Box 5 on IRS Form SSA-1099
Find out if your Social Security Benefits are taxable.

Have More Questions?

If you have more questions or need help filing your tax return, check out these resources: