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April 15, 2024
Question

Do SS Benefits count as income?

  • April 15, 2024
  • 2 replies
  • 0 views
I have a part-time job.  
Unable to get the SS Benefit 1099 that turbo tax will accept

2 replies

DoninGA
Employee
April 15, 2024

Social Security Retirement/Disability/Survivors benefits are reported on a form SSA-1099 and the benefits received are to be entered on a federal tax return. The benefits may be taxable depending on the amount of other income you have entered on your tax return.
However, if the Social Security benefits is the Only income to be reported on the tax return and there is no federal income taxes being withheld, then there is no reason or need to file a tax return..

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

 

Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches:

  • Married Filing Jointly - $32,000
  • Single or Head of Household - $25,000
  • Married Filing Separately - 0
April 15, 2024

What do you mean?  Can you not enter your SSA-1099 info into the program?

 

Forms SSA-1099, SSA-1099-SM, and SSA-1099-R-OP1 report retirement, disability, and survivor benefits from the Social Security Administration (SSA).

 

To enter Form SSA-1099:

  1. Open your return.
  2. Click on Federal tab.
  3. Click on Wages & Income.
  4. Click on Edit/Add to the right of Social Security (SSA-1099, RRB-1099).
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