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January 27, 2025
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What if you start SSI in middle of the year

  • January 27, 2025
  • 3 replies
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Does TurboTax have you put monthly social security
    Best answer by VolvoGirl

    No, not monthly.  If you get Social Security or SSDI you will get a SSA-1099 in January for the total they paid you.  You need to enter the SSA-1099 into your tax return.     You don’t get a SSA-1099 for ssi and don’t report ssi on your tax return.   

    Did you get ssi or Social Security?  A lot of times people say ssi when they are getting Social Security.  But ssi actually stands for supplemental security income.  It is different than SS.  You don't get a SSA-1099 for ssi and you do not report ssi on your tax return.

    3 replies

    VolvoGirl
    VolvoGirlAnswer
    Employee
    January 27, 2025

    No, not monthly.  If you get Social Security or SSDI you will get a SSA-1099 in January for the total they paid you.  You need to enter the SSA-1099 into your tax return.     You don’t get a SSA-1099 for ssi and don’t report ssi on your tax return.   

    Did you get ssi or Social Security?  A lot of times people say ssi when they are getting Social Security.  But ssi actually stands for supplemental security income.  It is different than SS.  You don't get a SSA-1099 for ssi and you do not report ssi on your tax return.

    DoninGA
    Employee
    January 27, 2025

    You enter the amount that is box 5 of the SSA-1099 that you received from the Social Security Administration.

     

    To enter Social Security benefits reported on form SSA-1099

    Click on Federal Taxes (Personal using Home and Business)
    Click on Wages and Income (Personal Income using Home and Business)
    Click on I'll choose what I work on (if shown)
    Scroll down to Retirement Plans and Social Security
    On Social Security (SSA-1099, RRB-1099), click the start or update button

     

    Or enter ssa-1099 in the Search box located in the upper right of the program screen. Click on Jump to ssa-1099

    Employee
    January 27, 2025

    Yes.  Social Security will mail you a SSA1099 for any Social Security benefits you received in 2024, and it must be entered.

     

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

     

    FIRST YEAR OF SOCIAL SECURITY

    People get really confused when they start getting SS.   If you are not full retirement age, SS can reduce your benefits if you earn over a certain amount.  But they do not do that during the FIRST year that you transition from working to getting SS.  After that, if you are not full retirement age, they can reduce your benefit if you continue to work and earn over the limit.

     

     

    None of that means that your SS is not taxable during the first year.   It is.   If you receive other income while receiving SS, your SS can be taxable.   If you were expecting SS to be "tax free" the first year, you were mistaken about how it works.

     

     

    FIRST YEAR OF SS RULES

     

    https://faq.ssa.gov/en-US/Topic/article/KA-01927?msclkid=11bc282ccf2211ecb65078152b05ae6b

     

    https://www.ssa.gov/pubs/EN-05-10069.pdf

     

    And....Social Security and SSI do not mean the same thing.  

    WHAT IS THE DIFFERENCE BETWEEN SOCIAL SECURITY BENEFITS AND SSI?

    https://www.ssa.gov/ssi/text-over-ussi.htm

     

     

     

    IF YOU WANT TO HAVE TAX WITHHELD FROM YOUR SOCIAL SECURITY BENEFITS

     

    https://www.ssa.gov/manage-benefits/request-withhold-taxes

    https://www.irs.gov/forms-pubs/about-form-w-4-v

     

     

    **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.**