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February 25, 2025
Question

Is SS wages amount in box 5 on 1099 or amount paid via direct deposit to bank?

  • February 25, 2025
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Is social security wages gross amount in box 5 of 1099 or Net amount after Medicare deduction?

    1 reply

    February 25, 2025

    Your gross benefits are shown in box 3 of Form SSA-1099 or RRB-1099. Your repayments are shown in box 4. The amount in box 5 shows your net benefits for 2024 (box 3 minus box 4). 

     

    irs.gov

     

    Part B premiums, including any surcharge for higher-income individuals, will be withheld from your Social Security benefit payments and will be shown on the annual Form SSA-1099.

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