This taxable benefit calculator makes it simple for you to show clients how much of their benefit is taxable. Note that not everyone pays taxes on benefits, but clients who have other income in retirement beyond Social Security will likely pay taxes on their benefit.

If you have clients who earn more than a certain amount from other sources while also collecting Social Security, part of their benefit payment must be added to their taxable income on their tax return. Find out how much with this easy, free calculator.


Social Security taxable benefit calculator

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The amount of Social Security benefits subject to federal income tax.

For advisor use only. This calculator should not be used to provide tax or legal advice. For specific advice, please contact an experienced attorney or CPA.

Social Security carries a substantial tax advantage over other forms of income, so delaying benefits in order to build a larger Social Security benefit has a greater positive tax impact than many people realize.

Explaining how Social Security benefits are taxed is no easy task. Being able to show clients and prospects how much of their benefit is taxable can help them see the value you can bring them as their financial advisor who understands the intricacies of Social Security.

Tax Clarity allows you to quickly identify sub-optimal tax situations and show clients how to make retirement decisions in the most tax-efficient way. Calculate your client's effective marginal tax rate and identify dangerous points where just one additional dollar of income can push clients into much higher effective marginal tax rates.

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