2024 Tax Calculator With Social Security Systems. Unearned income includes social security benefits, other government or private pensions, veterans' benefits, and workers' compensation. The current version of the detailed calculator is 2024.2, which we released on july 31, 2024.
Retirees who exceed income thresholds could pay federal income tax on up to 85% of their social security benefits. If you are working as an employee in italy, you will be required to make social security contributions to multiple funds.