Are Social Security Benefits Taxable?

Hi. I’m Tim Mayclin, CPA from Rohnert Park, California. Many of my clients ask me if their Social Security benefits are taxable.

The answer is, it depends. On the federal level, Social Security benefits are taxable from 0%-85% based on your income. States have different calculations… Such as California, Social Security benefits are non-taxable.

To see how it fits into your financial situation, contact your local CPA. This is Tim Mayclin, CPA. Thank you.