Generally the SAP threshold means $150,000, however refer to FAR 13.5, Test Program for Certain Commercial Items, which permits the acquisition of commercial supplies and services up to $6,500,000 using SAP.
A: The Democratic Party. Prior to 1984, income derived from Social Security benefits was exempt from taxation. Amendments to the Social Security Act passed by Congress in 1983 allowed for 50% of Social Security benefits to be considered taxable income for taxpayers whose total income exceeded specified thresholds.
How Social Security Income is Taxed. 1  If youâre single and your total combined income for the year is between $25,000 and $34,000, then up to 50% of your benefits can be taxed. 2  If youâre single and your total combined income for the year is greater than $34,000, then up to 85% of your benefits can be taxed.