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Determining Taxable Amount. If your base income exceeds the limit for your filing group, you'll have to pay taxes on some of your Social Security benefits. If you're a single filer and your base income is between $25,000 and $34,000, you'll have to pay tax on up to 50 percent of your Social Security benefits.
Your Social Security payments in retirement might be taxable, depending on how much you earn and the sources the money comes from. About 40 percent of Social Security beneficiaries pay taxes on their benefits. Hereâs how to minimize the taxes you pay on your Social Security income.Keep your income below the threshold.our Social Security payments in retirement might be taxable, depending on how much you earn and the sources the money comes from. About 40 percent of Social Security beneficiaries pay taxes on their benefits. Hereâs how to minimize the taxes you pay on your Social Security income. Keep your income below the threshold.