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Adjusted Gross Income includes your taxable wages, pensions, interest, dividends, other taxable income and tax-exempt income. If you have provisional income of less than $25,000 ($32,000 if you are married and filing a joint return, none of your Social Security benefits will be taxable. If your provisional income is between $25,000 and $34,000 ($32,000 and $44,000 if married and filing a joint return) up to 50% of your benefits may be taxable. If your provisional income is more than $34,000 ($44,000 if married and filing jointly) up t 85% of your Social Security benefits may be taxable.
To earn the maximum benefit, you must have made at least the maximum taxable amount of wages every year of your working life since the age of 21. In 2012, that amount was set at $110,100. If you earn any wages over and above that amount, you did not pay Social Security taxes on the earnings. If you're curious about your entitlement to retirement benefits, you can request a Benefit Statement by going online at ssa.gov or calling the agency as 800-772-1213.