Yes. The rules for taxing benefits do not change as a person gets older. Whether or not your Social Security payments are taxed is determined by your income level — specifically, what the Internal Revenue Service calls your “provisional income.”
Provisional income is adjusted gross income (line 11 on your 1040 tax form) plus tax-exempt interest income plus 50 percent of your Social Security payments. If those add up to more than $25,000 for an individual or $32,000 or a married couple filing jointly, you pay federal taxes on a portion of your benefits, regardless of your age.
That includes spousal, survivor and disability benefits as well as retirement benefits. Supplemental Security Income — monthly cash assistance for low-income disabled, blind and older people that is administered but not funded by Social Security — is not taxable.
Keep in mind
People who keep working after retirement will continue to pay FICA taxes on their income as well.
Updated June 11, 2021
Find the answers to the most common Social Security questions such as when to claim, how to maximize your retirement benefits and more.