social security taxation
if i apply for my pension now i am 60 year old and it is a private pension i am receiving as will my social security security check be reduced
Terry Says
Your Social Security check will only be reduced if you take it EARLY — before full retirement age. I wouldn’t advise that in any case, which means you will live on your pension for hte next 7 years.
BUT, depending on the amount of your private pension, a portion of your Social Security benefit might one day become taxable.
Social Security looks at your combined income, which basically includes ALL income including your pension, plus 50% of your SS benefits.
for 2025:
a) None of your Social Security benefits are taxable if your combined income is less than $25,000 for individuals, or $32,000 for married couples filing jointly.
b) If your combined income is between $25,000 and $34,000 for individuals, or between $32,000 and $44,000 for married couples filing jointly, up to 50 percent of your Social Security benefits are taxable.
c) If your combined income exceeds $34,000 for individuals, or $44,000 for married couples filing jointly, up to 85 percent of your Social Security benefits may be taxable.
