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January 16, 2021
Question

I need to file my taxes for 2020 and all I hae

  • January 16, 2021
  • 1 reply
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Have is my social security and the fact that I'm have custody of my 2 grandchildren

1 reply

January 18, 2021

Generally speaking, if your only income is Social Security, you probably don't make enough money to be required to file a federal tax return.

 

To determine if your Social Security income is taxable, all you need to do is enter that income. TurboTax does the rest!

 

At the state level, many states exempt Social Security from taxation, either partially or completely. Again, if your sole income is from Social Security, it is likely you do not  need to file a state return either.

 

TurboTax will automatically figure out whether you need to pay federal and/or state taxes on your Social Security income. Just enter your SSA-1099 information in TurboTax and we will let you know!

 

Even if you do not owe, you will want to file an income tax return in order to receive the Stimulus Payment for your dependents, if you did not receive the payments last year.  

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