Is Social Security Taxed After Age 70?

Millions of older Americans live solely on a Social Security check. And while other Americans rely mostly on workplace retirement plans like a 401(k) or an individual retirement account (IRA), these monthly benefits from the government can make or break your retirement. Let’s take a look at how your Social Security is taxed after age 70.

For more help figuring out how Social Security fits into your retirement plan, consider working with a professional financial advisor.

Social Security, Defined

Social Security is a government program created in 1935 as a part of President Franklin Delano Roosevelt’s New Deal, a series of programs designed to fight the Great Depression. It’s considered by most people to be the cornerstone of America’s social safety net. Social Security sends monthly checks to Americans who have reached retirement age, currently set at 67.

The amount of money you get each month depends on how much money you earned during your career and how old you were when you retired. The program is funded by Social Security taxes taken out of each American worker’s paychecks. The average monthly check for January 2025 is $1,976. Meanwhile, the maximum check for a person retiring in 2024 at age 70 is $5,108.

Social Security and Federal Taxes

Even though Social Security money comes directly from the federal government, some of it will be going back to Uncle Sam in the form of federal income taxes, as Social Security is treated as regular income for the purpose of taxes.

The IRS uses a formula to determine how much of your Social Security check will be taxed. Essentially, half of it is counted as combined income, along with other forms of retirement income. Depending on your total combined income, up to 85% of that half will be taxed.

Is Social Security Taxable After Age 70?

There are rumors on the internet that Social Security payments are no longer taxed once you reach a certain age, such as 70. However, this is not true. Social Security payments are taxable from the moment you start receiving them until you die.

As we explained in the previous section, the key to understanding Social Security taxation is based on your total income and not your age.

So, if you’re a single tax filer with a combined income under $25,000, your benefits will not get taxed. But, if your combined income is between $25,000 and $34,000, up to 50% of your benefits will be taxable. And, for combined income above $34,000, your benefits will get taxed up to 85%.

For married couples filing jointly, the tax-free limit is $32,000. For those with a combined income between $32,000 and $44,000, up to half of your benefit will be taxable. And, for combined income above $44,000, up to 85% will be taxable.

These rules apply even after age 70.

Social Security and State Taxes

Some of the confusion over the tax status of Social Security payments likely comes from the fact that each state treats Social Security differently. Many states treat Social Security the same way the federal government does. For example, this means taxing every dollar of it based on the bracket you fall into. So your Social Security check will be taxed twice – once by the federal government and once by your state.

Other states only partially tax Social Security. Some might only tax 50% of it. While others have a formula for determining exactly how much of your monthly check is subject to state taxes.

Finally, some states don’t tax Social Security at all. For some of these states it is a special carveout. For others, it’s simply because there is no state income tax. In that case, none of your retirement income will be subject to any state tax.

Bottom Line

Yes, Social Security is taxed federally after the age of 70. If you get a Social Security check, it will always be part of your taxable income, regardless of your age. There is some variation at the state level, though, so make sure to check the laws for the state where you live.

Retirement Tax Planning Tips

• A financial advisor can help you keep inline with all retirement tax rules. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
• Determine your total tax burden by using SmartAsset’s income tax calculator.

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