County College of Morris is an equal opportunity and affirmative action institution and complies with Title IX, ADA and Civil Rights obligations. Quicklinks Academic Advisement
Determining Taxable Amount. If your base income exceeds the limit for your filing group, you'll have to pay taxes on some of your Social Security benefits. If you're a single filer and your base income is between $25,000 and $34,000, you'll have to pay tax on up to 50 percent of your Social Security benefits.
Unfortunately, even some forms of tax-free income, such as municipal bond interest, can be used to calculate this income threshold. Step. If your tax return shows that you are paying taxes as a result of your Social Security income, there may be a remedy available. The formula that determines your Social Security taxability includes all forms of taxable investment income, such as interest, dividends and capital gains.