If your other income is withdrawals from your 401 not from working is social security then taxable?

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  • RICK
    Lv 7
    9 months ago

    Yes

    If you the withdrawals are taxable and are large enough it may make part of your SS taxable

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  • 9 months ago

    The threshold is based on TAXABLE income, not earned income. Withdraws from a non-ROTH 401(k) are taxable.

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  • 9 months ago

    If there is enough of the other income, yes.

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  • 9 months ago

    Unless you are taking qualified withdrawals from your retirement account, they are subject to income and other tax requirements...

    SSI is taxable.

    • RICK
      Lv 7
      9 months agoReport

      SSI is welfare it is not taxable
      SS is taxable

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  • Amy
    Lv 7
    9 months ago

    Yes. All income counts towards the limit.

    And I'd like to point out that the money in your 401k actually IS from working. It's your wages from past years that you haven't received and paid taxes on yet.

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  • 9 months ago

    Since withdrawals from 401K and other tax-deferred retirement savings are taxable, some of your SS could be taxable.

    Any other taxable income, when added to one half of SS, cannot exceed $25,000 if you are single or $32,000 married filing jointly. When the totals exceed those numbers, then SS begins to be taxable. Up to 85% of SS can be taxable.

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  • 9 months ago

    Maybe. It depends on the amount of SS and the amount of 401k withdrawals, and any other income you may have. For me, it changes every year.

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  • 9 months ago

    Yes. The threshold for taxation is determined by income, not wages. So, income from any source counts.

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  • Andy C
    Lv 7
    9 months ago

    SSI is always taxable.

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