Can I Exclude My Social Security Benefits from Income?

Up to 85% of your Social Security benefits may be taxable depending on your "combined income" (AGI + non-taxable interest + half your Social Security). If your combined income is below $25,000 (single) or $32,000 (married), none of your benefits are taxable. Between $25,000–$34,000 (single) or $32,000–$44,000 (MFJ), up to 50% may be taxable. Above those thresholds, up to 85% is taxable. Managing your income strategically — for example, by controlling Roth conversions or investment withdrawals — can keep you below these thresholds and reduce or eliminate the tax on your Social Security. The other 15% is never taxable regardless of income.