How are my 401(k) taxes treated when I am drawing from Social Security?

My tax person told me I could take up to $11,500 from my 401(k) pretax dollars and not pay taxes on the $11,500 amount. Is that true?

Social Security, 401(k), Taxes
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It is quite possible that your accountant may be correct. The taxation of Social Security has three brackets. For those with very little income, they pay a zero tax on Social Security benefits. Then there those who are taxed on 50% of the Social Security and the maximum are for those who pay a tax on 85% of the Social Security. Assuming your accountant did this correctly, he/she calculated an amount that will keep you below the threshold for paying any taxes. Since we don't have the calculations, I cannot calculate this any further, but it is definitely a possibility if done correctly. I hope this helps and good luck.

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