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How much of my Social Security benefit may be taxed?

Think your Social Security benefits are always federal income tax-free? Think again. Depending on the retirement income you have from other sources, you may have to report up to 85% of benefits and pay the resulting tax hit. Use this calculator to determine your situation. Once you know your results, you may be able to reposition some of your other income to minimize how much of your Social Security is taxed and, thereby, maximize your retirement income.

Income and Tax Information

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Calculating 'Modified' Adjusted Gross Income

Social Security Benefits

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that the company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. This is a hypothetical example for illustrative purposes only.

This information is a general discussion of the relevant federal tax laws. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. This information is provided to support the promotion or marketing of ideas that may benefit a taxpayer. Taxpayers should seek the advice of their own tax and legal advisors regarding any tax and legal issues applicable to their specific circumstances.

This is a general communication for informational and educational purposes. The materials and the information are not designed, or intended, to be applicable to any person’s individual circumstances. It should not be considered investment advice, nor does it constitute a recommendation that anyone engage in (or refrain from) a particular course of action. If you are seeking investment advice or recommendations, please contact your financial professional.

Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries.

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www.securian.com
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©2022 Securian Financial Group, Inc. All rights reserved.

F68592-1 Rev 06-2022
DOFU 10-2022
1966819