(NewsNation) — With tax season underway, do you pay taxes on Social Security?

The answer is maybe.

Are Social Security benefits taxed?

Social Security benefits are taxed if you meet one of the various IRS rules.

According to the Social Security website, paying taxes on benefits is likely if a married person files a separate tax return.

If one pays taxes on Social Security benefits, they can elect to have federal taxes withheld from their benefits.

How much Social Security is taxable income?

Concerning an individual tax return, you will be taxed if your combined income is between $25,000-$34,000, or more than $34,000.

In the first instance, you may have to pay income tax on up to 50% of your benefits. If your combined income exceeds $34,000, up to 85% of your benefits are possibly taxable.

For joint returns, the same thresholds and percentages apply as above.

Approximately 40% of people who receive Social Security benefits must pay federal income tax on their benefits.

At what age do you no longer have to pay taxes on Social Security?

According to Kiplinger, there is not one specific age at which people receive instantaneously nontaxable Social Security benefits.

Confusion regarding this exists for multiple reasons, such as the conflation between this and the Social Security full retirement age (FRA). At 70, Social Security benefits are at their maximum amount and for the majority FRA is at 66 or 67 years old.

Taxes, or lack thereof, on Social Security benefits are a result of your income. Irrespective of age, if Social Security is the only means of income you have, it is unlikely you will be taxed on those benefits.