US Retirees With Average $2,081 Social Security Check Need Just $12,514 in Other Income Before IRS Starts Taxing Benefits, Threshold Unchanged Since 1984
The taxation threshold for Social Security benefits, set at $25,000 for single filers since 1984, means an average retiree receiving $2,081 monthly benefits only needs an additional $12,514 in outside income to trigger federal taxes on their Social Security. This threshold, along with the second tier threshold of $34,000 (set in 1993) where up to 85% of benefits become taxable, has never been adjusted for inflation. This policy increasingly impacts ordinary retirees as benefits and prices rise, with even federally tax-exempt municipal bond interest counting towards the provisional income calculation that determines taxability.
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