Social Security & The Tax Factor

By CCR WM | February 27, 2025

If you’re like most Americans, you’re counting on the income from Social Security to help pay for expenses in retirement. But did you know that once you start receiving Social Security, up to 85% of your benefits may be taxable?

In 2025, a married couple with income* of $32,000 to $44,000 may have to pay taxes on half of their benefits, and couples with income in excess of $44,000 may see up to 85% of their benefits taxed.

That’s why it’s critical to factor the actual dollar amount of Social Security benefits you’ll receive into your retirement planning. Since the amount may be less than you thought, you may have to find additional ways to supplement your income. Working together, we can strategize accordingly to help you remain on track towards the lifestyle you desire in retirement.

Please reach out to your CCR financial professional to discuss your Social Security options in greater detail.

^{Source:

https://www.aarp.org/retirement/social-security/questions-answers/how-is-ss-taxed/.}

Disclosures:

^{Income means adjusted gross income plus nontaxable interest income, plus half of any}^Soc^ial^{Security benefits.}