Social Security Taxable Flashcards

1
Q

Which Income is exempt

A
  1. One-half of your benefits; plus
  2. All your other income, including tax-exempt interest.
    Exclusions. When making this comparison, don’t reduce
    your other income by any exclusions for:
    * Interest from qualified U.S. savings bonds,
    * Employer-provided adoption benefits,
    * Interest on education loans,
    * Foreign earned income or foreign housing, or
    * Income earned by bona fide residents of American
    Samoa or Puerto Rico.
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2
Q

Interest from qualfied US Saving bond

A

Exclude

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2
Q

Employer-provided adoption benefits

A

Exclude

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3
Q

Interest on education loans

A

Exclude

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4
Q

Foreign earned income or foreign housing

A

Exclude

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5
Q

Income earned by bona fide residents of American

A

Exclude

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6
Q

Interst Income

A
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7
Q

Interest on Muni Bond

A
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8
Q

Dividends

A
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9
Q
A
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