- quote -

Thanx.

That's what I thought, but I've seen articles that stated that SS was not
taxable after full retirement age.
I should know better than to believe what I read in mags/newspapers.

The relevant info is, I guess, in the SS Benefits Worksheet on page 28 of
the instructions for form 1040 for 2006.

Howard Kaikow wrote:
- quote -

It's two different rules, one for taxation of benefits and one for
reduction of benefits (although the end result may look the same to the
recipient of benefits).

IRS only deals with taxation of benefits, which depends solely on your
unadjusted taxable income (before deductions and exemptions) and your
tax-exempt interest. Your normal retirement age is irrelevant.

At the SSA web page link shown here:

http://www.socialsecurity.gov/OACT/COLA/rtea.html

you can read about the reduction in benefits prior to reaching normal
retirement age.

-Mark Bole

Over the past few years, I have noticed articles in magazines/newspapers
that stated that social security benefits are not taxed, if you make
additional income, AFTER reaching the FULL retirement age.

Looking at the September 2007 version of IRS Notice 703, I see no such
exemption.

What's the truth?