Question

1099SSA

Forum|Forum|1 year ago
January 26, 2025
2 replies
0 views

405.25 payment no taxes will this affect taxes or is it to small of a amount?

It depends.

Social Security income may be partially taxable depending on your filing status and the level of your combined income, including Social Security income.

TurboTax will automatically calculate the taxable part of your Social Security income using the IRS formula.

Please read this TurboTax blog on the taxation of Social Security benefits.

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X

xmasbaby0

Employee

We have no context for this question. A SSA1099 shows the amount of Social Security benefits you received. Are you asking if $405.25 will have an effect on your refund or tax due? Are you asking if you are supposed to enter it?

ALL of your 2024 income including the SSA1099 must be entered if you are filing a tax return.

Go to Federal> Wages & Income>>Retirement Plans and Social Security (SSA1099 and 1099RRB) to enter your SSA1099.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**