Sentences with phrase «nontaxable social»

$ 5,000 or more of nontaxable social security of other nontaxable pensions, annuities, or disability income

$ 5,000 or more of nontaxable social security or other nontaxable pensions, annuities, or disability income

For tax year 2000, the $ 6,000.00 cap must be reduced by all taxable and nontaxable social security or railroad retirement benefits received.

Each recipient of an eligible pension must reduce the benefits deduction by all taxable and nontaxable social security or railroad retirement benefits received.

We define ECI to be adjusted gross income (AGI) plus: above - the - line adjustments (e.g., IRA deductions, student loan interest, self - employed health insurance deduction, etc.), employer paid health insurance and other nontaxable fringe benefits, employee and employer contributions to tax deferred retirement savings plans, tax - exempt interest, nontaxable Social Security benefits, nontaxable pension and retirement income, accruals within defined benefit pension plans, inside buildup within defined contribution retirement accounts, cash and cash - like (e.g., SNAP) transfer income, employer's share of payroll taxes, and imputed corporate income tax liability.

Not exact matches

Combined income generally consists of your adjusted gross income (AGI), nontaxable interest, and one - half of your Social Security benefits.

Your combined income is your adjusted gross income added to both nontaxable interest and one - half of your Social Security benefits.

Combined income, sometimes referred to as provisional income, is an Internal Revenue Service tax term that includes your adjusted gross income from your tax return plus nontaxable interest and one - half of your Social Security benefits.

The nontaxable income limit includes the nontaxable part of your Social Security benefits plus any nontaxable pension, annuity, or disability income you received during the year.

If you file a federal tax return as an individual and your «combined income» — calculated by adding one - half of your Social Security benefit to other income, including nontaxable interest income — is between $ 25,000 and $ 34,000, up to 50 percent of your benefits may be considered taxable.

A portion of your Social Security benefits will be taxable if your income — such as from freelance work, a taxable pension and IRA withdrawals, or nontaxable interest — plus half of your Social Security benefits add up to more than $ 25,000 if single or $ 32,000 if married filing jointly (see Calculating Taxes on Social Security Benefits for more information).