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March 6, 2025
Question

Can I claim the SS WEP payment received in March 2025 on my 2024 taxes?

  • March 6, 2025
  • 2 replies
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    2 replies

    Employee
    March 6, 2025

    No.    You do not enter income received in 2025 on a 2024 tax return.    Next year you will receive a SSA1099 from Social Security showing the amount of SS you received in 2025---including the "Fairness Act" WEP payment made in 2025.

    **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.**
    March 8, 2025

    Thanks.  I had read that, since the payment was showing income that I “earned” in 2024, I could deduct it in that year.  It was confusing.

    Employee
    March 8, 2025

    @JaniceKnight You are welcome----confusing----yes.   But count yourself among the lucky people who have already received the retroactive SS thanks to the Fairness act.   The amount will be on your SSA1099 next year for entry on your 2025 tax return.

    **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.**