We are nearing the end of 2024 and preparing for the 2025 tax season. The IRS reminds taxpayers that their Social Security benefits may be taxable. The IRS states that your social security benefits may be taxable if your combined income exceeds certain amounts. Furthermore, if you’re married and file a joint return, you and your spouse must combine your incomes and social security benefits when figuring out the taxable portion of your benefits. Even if your spouse didn’t receive any benefits, you must include your spouse’s income with yours when figuring on a joint return if any of your benefits are taxable.
Easy Tax Service in Prescott Valley can help if you have any questions about whether your social security benefits are taxable. Our tax preparers have over fifty years of combined experience preparing taxes. Easy Tax Service is open year-round and committed to providing high-quality tax preparation service at a price you can afford. Please give us a call at 928-775-7000 to schedule an appointment today.