I started receiving Social Security this year - will it be taxable?

Some of your Social Security benefits may be taxed depending on your other income and filing status. Social Security becomes taxable only when half of your benefits are added to other gross income (plus any tax-exempt interest) and that total exceeds an amount determined by your filing status. For example, the amount if married filing jointly is $32,000 and if single is $25,000. Use the Social Security worksheet in your tax booklet to calculate the taxable amount, if any. Or use the IRS Interactive Tax Assistant.