Social Security Tax on Roth distributions?
At retirement when a person takes qualified distributions from a Roth, is the income that is received subject to Social Security income offsets like a traditional IRA is?
At retirement when a person takes qualified distributions from a Roth, is the income that is received subject to Social Security income offsets like a traditional IRA is?
Permalink Submitted by Edward Czapor on Mon, 2008-09-22 14:05
Non-taxable Roth distributions have no effect on the taxation of Social Security. These distributions are NOT included on line 8b of Form 1040 with tax-exempt interest, and do not enter into the calculation of taxable Social Security.
Ed C.
Permalink Submitted by Clyde Wolf on Mon, 2008-09-22 16:59
Gkasher,
Eczaporea has the right answer, Qualified Roth distributions are not reported on your 1040. And since they do not enter into your gross income, there is no affect on the taxability of your SS benefit.
Isn’t it a shame that the SS offset has been the same since 1983?