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At what age is Social Security no longer taxed?

Social Security benefits may or may not be taxed after 62, depending in large part on other income earned. Those only receiving Social Security benefits do not have to pay federal income taxes. If receiving other income, you must compare your income to the IRS threshold to determine if your benefits are taxable.

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Taxation of Social Security

The earliest that you can begin collecting Social Security retirement benefits is at age 62, though many people wait until a later age in order to collect larger benefit amounts. However, age has nothing to do with whether those benefits are taxable by the Internal Revenue Service (IRS). Whether your benefits will be subject to federal taxation depends on the amount of any additional taxable income you may receive. Some states also assess taxes on Social Security benefits. Key Takeaways Social Security benefits may or may not be taxed after 62, depending in large part on other income earned. Those only receiving Social Security benefits do not have to pay federal income taxes. If receiving other income, you must compare your income to the IRS threshold to determine if your benefits are taxable.

Eleven states tax Social Security benefits in some manner, as of 2022.

How To Determine if Social Security Benefits Are Taxable

People whose only source of income is Social Security do not have to pay federal income taxes on their benefits. However, if they receive other sources of income, including tax-exempt interest income, they must add one-half of their annual Social Security benefits to their other income and then compare the result to a threshold set by the IRS. If the total is more than the IRS threshold, some of their Social Security benefits are taxable. For 2022 the threshold amount is $25,000 for singles and $32,000 for married couples filing jointly. Married couples who live together but file separately have a threshold of $0 and must pay taxes on Social Security benefits regardless of other income earned. The formula for calculating your combined income includes adding your adjusted gross income (AGI) plus nontaxable interest plus half of your Social Security benefits. Your other income, which is included in AGI, can come from a part-time job or withdrawals from a 401(k) plan or traditional individual retirement account (IRA).

More specifically, Social Security benefits are taxed as follows:

Up to 50% of Social Security benefits are taxed on income from $25,001 to $34,000 for individuals or $32,001 to $44,000 for married couples filing jointly. Up to 85% of benefits are taxable if the income level is more than $34,000 for individuals or $44,000 for couples.

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How do narcissists abuse their partners?

Narcissists use put-downs and insults to ensure that their victims never trust their own judgment. Verbal abuse is used to belittle or degrade the other person, though it can often be subtle.

Narcissistic abuse is a specific form of abuse perpetrated by narcissists. According to Mead, it typically looks like one partner manipulating the other for personal gain. "It is a form of relating with another where one demeans and controls the other," Perlin explains. She says whether the control is explicit, (e.g., I don't want you going over to your mother's house) or more subtle (e.g., I wish you wouldn't go out because I really need you tonight), the narcissist's goal is to keep their partner dependent on praise and preoccupied with the narcissist's needs. Narcissistic abuse also tends to involve copious amounts of gaslighting, Mead adds. "This means they deny any wrongdoing when confronted by their partner, and they flip the situation in such a way that the victim is now to blame for whatever felt abusive." When this happens repeatedly, the victim begins to question their own self-worth, intuition, and reality. In Mead's experience, abusers also alienate victims from friends and family so the victim feels isolated, alone, and afraid. "There can be physical abuse, controlling one's money, free time, friendships, and opinions. The non-abusive partner is often called names, their motives are questioned, and they are told how to feel," Perlin adds. The abusive partner may justify these actions by claiming to be well intentioned.

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