ee bonds add to income — taxes?
i am 87 I pay no fed tax. I have eebonds coming due and I already cashed some with interest of
$1,089.40 this year, I have 3 left and it will add another $475.00. to the total amount. How much can I make before I have to pay on my social security. my social security last year was $17.646 and I withdrew $6,354.00 from an IRA. please advise. Thank you very much
Terry Says
Your income would have to be more than $25,000 to be even partially taxable (50% is taxed above that income level) and you’d still be at a very low tax rate. Given your numbers, I think you’re ok!
