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USAA is The American Legion's preferred provider of financial services. Offering a range of top-rated financial and insurance products and services. USAA welcomes honorably discharged U.S. military veterans, active-duty troops and qualified family members and descendants of those who have served. USAA contributes funds to American Legion programs when members join through a dedicated channel:
usaa.com/legion or by calling toll-free at 1-877-699-2654.

Financial Questions & Answers

Financial Questions & Answers

Question:

Do we have to pay taxes on our Social Security with income over $32,000, including half of our Social Security? -Margie

Answer:

It sounds like you have a handle on things. For those that file jointly and have income, if one half of their Social Security added to their income is between $32,000 and $44,000, then 50 percent of the Social Security must be included as income. If your income, including half your Social Security, exceeds $44,000 then 85 percent of your Social Security will be included as income.