Keep in mind that the 50% and 85% limits are not tax rates. They simply reflect the maximum portion of your Social Security benefits that could be subject to tax. The taxable amount is then added to your other income and the regular income tax rates and brackets are applied. (A financial advisor may be able to help you plan for Social Security, and this free matching tool can help you find an advisor .)If your combined income is between $32,000 and $44,000, up to 50% of your Social Security benefits are tax ...

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. One of the biggest surprises would-be retirees face when planning their retirement finances is the fact that their Social Security benefits could very well be subject to income tax. A financial advisor can help you plan for Social Security and potentially minimize your tax bill on your benefits. Connect with a fiduciary advisor today. One reason for the confusion is that they never saw their parents or ...