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February 24, 2020
Question

ss income listed as16068 taxable income would be 8034 yet ur showing much less on my paper work, why

  • February 24, 2020
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1 reply

February 25, 2020

The taxable portion of your SS income is not necessarily 50% of the total.

 

The taxable portion depends only your total income and can vary from 0 to 85% of the total, and TurboTax will calculate it for you.

 

Please read this TurboTax Help topic for more information.

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